Abrigo

JUNE 27, 2023

Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. The limited regulation around the real estate industry has made it especially easy for these bad actors to cycle their dirty money into the financial system using this avenue.

El Paso 195

El Paso Miami United States New York City 195

Abrigo

OCTOBER 31, 2022

While title insurance companies are required to collect and report data on covered transactions, regulators expect financial institutions to have procedures in place to detect these transactions. Money laundering red flags include cash payments or cash payoffs on loans, early payoffs, and large wire transfers for loan payments.

New York City 195

New York City Las Vegas District of Columbia San Antonio 195

PYMNTS

NOVEMBER 15, 2018

million to a Virginia company to handle “large cash payments for processing cannabis federal taxes.”. As a result, the IRS has hired The MITRE Corporation to help process the large sum of cash tax payments. The Internal Revenue Service (IRS) is paying $1.7 According to Quartz , the U.S. government collected approximately $4.7

Taxes 208

Taxes Denver Colorado Virginia 208

PYMNTS

OCTOBER 20, 2019

The pilot program is being run in Christianburg, Virginia. Wing wanted to expand its legal team by hiring a product counsel and a regulation lead to help foster company agendas with air regulators. There are specific issues with privacy and other regulations that drone companies have to deal with while they grow. .

Virginia 105

Virginia Regulation Management Company 105

Abrigo

SEPTEMBER 7, 2023

District Court case in Virginia. The rerouted destination for the construction company’s vendor payments was to the credit union in this case. There were four substantial ACH payments from the construction company intended for one of their suppliers. An existing member’s new account at the credit union was involved.

Fraud 221

Fraud Training System Trends 221

PYMNTS

OCTOBER 11, 2020

in Information Technology Management from the University of Virginia, according to Santander. Santander’s hires come as federal regulators are strongly encouraging banks to increase small loans to consumers. He previously was executive vice president and head of commercial digital business at KeyBank. Smith holds a B.S.

Lending 160

Lending New York Virginia Boston 160

PYMNTS

AUGUST 9, 2019

Bank Regulators Probe Amazon Cloud. The Federal Reserve orchestrated an official investigation of an Amazon facility in Virginia, kicking off what is expected to be ongoing oversight of cloud providers. Visa: Business Payments Network Paves ‘Highway’ for B2B Payments. Payments Help Merchants Fight Consumer App Fatigue.

Apple 115

Apple Virginia Regulation Millennials 115

Independent Banker

AUGUST 31, 2022

Community banks can get up to speed on current legislation and regulations to both protect their customers from unauthorized or false deposit account transactions and to prevent them from happening in the future. The primary resource for deposit account error resolution is Regulation E—the Electronic Funds Transfer Act (EFTA).

Community Bank 91

Community Bank Regulation Community Training 91

PYMNTS

AUGUST 30, 2020

The Small Business Administration (SBA) awarded $770 million to RER Solutions , a Herndon, Virginia-based contractor, to process loans for businesses hurting under the economic strife of the pandemic, according to government filings. which owns Quicken Loans as well.

Ohio 271

Ohio Virginia Fraud Lending 271

Independent Banker

DECEMBER 31, 2022

1, and applicable to the first quarterly assessment period of 2023 with an invoice payment date of June 30, 2023. It becomes effective July 1, 2023, and requires debit card issuers to provide two unaffiliated payment networks enabled for card-not-present (CNP) transactions. Mary Thorson Wright is a writer in Virginia.

Compliance 100

Compliance FDIC Community Bank Community 100

CFPB Monitor

MAY 4, 2022

The CTDPA follows the form and content of other privacy laws passed in the prior year, including the Colorado Privacy Act (CPA), Virginia Consumer Data Protection Act (VCDPA), and Utah Privacy Act (UPA). Unique to the CTDPA is the exclusion of personal data processed solely for the purposes of completing a payment transaction.

Connecticut 148

Connecticut Utah Colorado California 148

Tech and Finance

JUNE 8, 2017

She chairs the European Banking Federation Payments Regulatory Expert Group, the European Payments Council Payment Security Group and the Global Public Policy and Regulatory Affairs Committee of BAFT. Wandhöfer is active in several European regulatory bodies. while pursuing a Ph.D.

Virginia 46

Virginia Fintech Marketing Strategies America 46

CFPB Monitor

MAY 18, 2020

We previously blogged about Virginia’s enactment last month of a law requiring student loan servicers to be licensed by the Virginia State Corporation Commission (“Commission”). Specifically, the statute does not apply to any “bank, savings institution, credit union, or financial institution subject to regulation under 12 U.S.C.

Regulation 78

Regulation Virginia Payments National 78

PYMNTS

AUGUST 8, 2018

Welcome to the Five at Five, your late look at the payments and commerce news of the day. As states are moving to find novel ways to make use of blockchain, a number of initiatives have been developed to regulate distributed ledger technology. States Launch Initiatives To Embrace Distributed Ledger Technology.

Hawaii 100

Hawaii West Virginia New York City New York 100

PYMNTS

SEPTEMBER 30, 2019

Virginia-based PuroTrader connects approximately 10,000 active luxury cigar sellers — a group primarily made up of retailers, with a smaller share of individual sellers — with collectors interested in making purchases. How economic nexus policies play out with restricted substances .

Retail 109

Retail Taxes Virginia South Dakota 109

PYMNTS

JUNE 19, 2019

The world has gotten its first good look at Libra — Facebook ’s long-anticipated move into cryptocurrency and global payments. It will be spun as banking the unbanked, revolutionizing payments and connecting the world, but don’t be fooled. The move brings Facebook in line with the global digital payments industry.

cryptocurrency 149

cryptocurrency Bitcoin blockchain Regulation 149

PYMNTS

JANUARY 26, 2021

Further complicating matters, the distribution of vaccines over the last mile is largely determined and regulated by the state. West Virginia, for example, has distributed 83 percent of its doses thus far, North Dakota is doing even better at 85 percent and New Mexico is over three-quarters at 77 percent. But it's not all bad news.

North Dakota 177

North Dakota West Virginia Maryland New Jersey 177

PYMNTS

JUNE 19, 2019

The world has gotten its first good look at Libra — Facebook’s long anticipated move into cryptocurrency and global payments. That is particularly when it includes asking central bankers and regulators to give up control of their domestic currencies to a global currency conceived by Facebook. “In India, there’s Paytm.

cryptocurrency 100

cryptocurrency Bitcoin Regulation blockchain 100

PYMNTS

JUNE 14, 2018

That got Brisker thinking: Although there are many useful digital payments tools on the market, there’s nothing that really replaces cash in the way we know it. While tools like Venmo, PayPal and Square have their place, Brisker said they function more like a virtual check; they’re focused on sending a payment to somebody you know.

Tools 118

Tools Virginia Cards Payments 118

PYMNTS

SEPTEMBER 17, 2019

Interest rates on pawn loans vary as they are regulated by states. Regulations require that pawnbrokers request proof of ownership before making a deal with a potential customer — but the less reputable players in the industry have a nasty habit of forgetting to ask. So what is driving the Pawnaissance?

Ohio 151

Ohio Lending Iowa South Dakota 151

Independent Banker

DECEMBER 13, 2015

New Military Lending Act regulations kick in next fall. The rule defines a “creditor” as a business that is engaged in extending consumer credit and meets the criteria under Regulation Z with respect to extensions of consumer credit to covered borrowers. By Mary Thorson Wright. Beginning Oct.

Lending 70

Lending Compliance Regulation Virginia 70

Independent Banker

JANUARY 31, 2022

Since the pandemic, contactless payments are on the rise and cash has become far less important. More opportunities to meet them are on the horizon, including Regulator Week in the first week of February and during ICBA LIVE at the end of the month. Elizabeth Judd is a writer in Virginia. Mobile wallets. Tiffany Lukk.

Community Bank 159

Community Bank Community Fintech Risk Management 159

PYMNTS

AUGUST 8, 2018

News came out this week that a pilot program in West Virginia is eyeing the ballot box. The more that light is shed on these use cases, the more blockchain can move beyond the traditional confines of simply working in conjunction with cryptocurrencies. Ballots Over Blockchain. The platform is slated to debut in roughly a year.

blockchain 109

blockchain West Virginia Ohio Columbus 109

Independent Banker

NOVEMBER 25, 2015

The nonbank payment options PayPal, ApplePay, Google Wallet, Starbucks, Kickstarter and Square are household names. Unlike highly regulated, FDIC-insured banks, which are subject to strict, expensive security standards designed to protect consumers’ sensitive information, FinTech companies are barely regulated and seldom examined.

Community Bank 70

Community Bank Community Analytics Lending 70

PYMNTS

FEBRUARY 9, 2018

cities – Austin, Cincinnati, Dallas and Virginia Beach – but nationwide rollout is scheduled by the end of the year. Regulations for crypto: Price volatility proves a boon for regulation, and this should be little surprise to anyone. So far, the Whole Foods/Prime Now delivery footprint is small, with service in only four U.S.

Regulation 134

Regulation Austin Dallas Virginia 134

Independent Banker

JULY 1, 2015

And even as new regulations make the mortgage environment increasingly challenging, he just smiles, adapts quickly and gets back to business. For Harms, mortgage lending isn’t just about regulations or underwriting—it’s about people and their financial dreams. Kelly Pike is a freelance writer in Virginia.

Cleveland 70

Cleveland Wisconsin Arizona Virginia 70

Independent Banker

OCTOBER 1, 2022

Community bank customers can be at ease knowing that community banks take the protection of their customers’ data very seriously, and community banks are regulated by some of the strictest data privacy laws of any sector,” Estep says. CCPA was modeled closely after the European Union’s General Data Protection Regulation (GDPR).

Data 91

Data How To Community Bank California 91

Independent Banker

OCTOBER 29, 2014

The industry has witnessed a dramatic rise in money services businesses, Internet-based and mobile payments businesses, and the emergence of electronic devices and systems that execute instantaneous fund transfers. Mary Thorson , a former Federal Reserve managing examiner and compliance consultant, is a financial writer in Virginia.

Compliance 80

Compliance Leadership Resources Virginia 80

PYMNTS

JUNE 24, 2016

Is payment enabling those storefronts next? . When the regulators come marching in, getting out of the way is usually a better idea. And that, says the industry, is bad news, as costs of compliance with stricter regulation could be coming at exactly the moment these firms can’t take on any new costs. . Slam dunk sizzle.

Lending 101

Lending Online South Dakota North Dakota 101

CFPB Monitor

JUNE 3, 2016

Specifically, the RFI mentions installment loans and open-end credit lines with durations exceeding 45 days with no vehicle title security or account access (“leveraged payment mechanism” features) as products falling outside the scope of the proposed rule.

Report 60

Report Lending Kansas City Kansas 60

Gonzobanker

DECEMBER 17, 2021

Digital and payments plans were developed, investments are being made, and transformation projects are being executed. Goes to Larry Mazza and the crew at MVB Bank in West Virginia. The regulator and media pressure on overdraft fees has been a constant challenge to overdraft revenue. Payments Gamechanger of the Year.

Fintech 143

Fintech Strategy Leadership Lending 143

PYMNTS

NOVEMBER 16, 2018

Or, if reports are correct, the IRS has actually outsourced that process to a Virginia company for $1.7 The contract is for helping with “large cash payments for processing cannabis federal taxes,” but neither firm has offered any comment on what exactly that means. Contactless Card Payments : Tap and go is ready to get going.

Taxes 177

Taxes Payments District of Columbia Alabama 177

PYMNTS

FEBRUARY 16, 2019

There is no such thing as a boring week in payments, of course. The Crystal City, Virginia HQ2 plans are still underway, as are plans for a new operations hub in Nashville. Kroger Pay is one of the few mobile wallets that pairs loyalty and payment,” said Mary Ellen Adcock, the group VP of operations at Kroger.

Apple 143

Apple Payments New York Mobile 143

PYMNTS

MAY 31, 2016

But psychologists at the University of Virginia, who’ve tracked a bunch of cool kids between the ages of 13 and 22 over a 10-year period, recently threw a bit of shade on the whole cool kid’s phenomenon. And the very pragmatic advice to make friends with a cool kid in order to fast track admission to the exclusive cool kid’s club.

San Francisco 100

San Francisco Meeting Video Course 100

Independent Banker

MARCH 15, 2015

While out-of-town lenders gave money to customers requiring no down payments to buy overpriced homes that they couldn’t afford, Hartings, the president and CEO of The Peoples Bank Co. Hartings required down payments for the bank’s home mortgage borrowers. Regulation Review Committee, vice chairman. Committee, chairman.

Ohio 70

Ohio Community Bank Community Lending 70

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. Zenefits skirts compliance regulations. In addition, regulators claimed that as many as 80% of insurance plans sold in Washington state by Zenefits reps were sold illegally by unlicensed brokers. In 2014, mobile payments company Mozido was valued at $2.3B. Table of contents.

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

JULY 15, 2019

billion people around the world without access to a bank account to the world of digital payments at low or no cost. Payment (or technically the purchase of $10 million in Libra tokens) obtains founding membership and the voting rights associated with it. And regulators in the U.S.

Regulation 100

Regulation cryptocurrency Policies blockchain 100