PYMNTS

OCTOBER 7, 2019

Merchants in the European Union (EU) are still wondering exactly what changes the regulation will bring when it comes to their relationships with customers. Regulators in many EU countries have their own thoughts on SCA and how long it will take merchants to prepare. Around the PSD2 and GDPR world. About the Tracker.

Regulation 134

Regulation Trends Compliance National 134

PYMNTS

AUGUST 19, 2019

The Australian Securities and Investments Commission (ASIC) is just weeks away from filing lawsuits against the country’s biggest banks, as the regulator increases its active investigations, Reuters reported on Monday (Aug. ASIC Deputy Chair Daniel Crennan said the latest proceedings would be issued by year-end.

Regulation 109

Regulation Groups Report National 109

CFPB Monitor

MARCH 11, 2020

Take steps to promote the broad adoption of SOFR (citing reports indicating “that industry has recently pushed for regulators to rubber-stamp the use of additional alternative reference rates”). Remain committed to the adoption of a replacement index that is based on actual transaction data.

New York 78

New York National Groups Community 78

Abrigo

AUGUST 14, 2019

The Secure and Fair Enforcement (SAFE) Banking Act was introduced to address the cannabis banking issue and the accompanying lack of banking services to the cannabis industry, forcing significant amounts of cash to be stored in vaults or underground. The post The SAFE Banking Act Update – Is Regulation for Banking CRBs on the Horizon?

Regulation 150

Regulation Denver Community Security 150

PYMNTS

MAY 21, 2018

The regulatory gaze become more fully trained on social media as in Germany, intelligence official Hans Georg Maassen said last week that regulation may be needed for social media companies if the European Union finds that more transparency is needed. Also, in the U.K.,

social media 108

social media Regulation New York Data 108

PYMNTS

SEPTEMBER 16, 2020

The Financial Times (FT) reported police acknowledged that in a scheme to avoid China’s tough financial regulations, thieves have targeted sites including Pinduoduo Inc., The company said it has referred more than 1,000 suspected incidents to police since last year, and more than 200 suspects have been arrested.

Online 312

Online Report Security Regulation 312

Perficient

SEPTEMBER 11, 2023

Already reviewed by Perficient, BES provides a secure and efficient portal to exchange documents, information, and communications for consumer compliance and Community Reinvestment Act (CRA) examinations. The list was referred to as a first day letter. Contact us to discuss your specific risk and regulatory challenges.

Compliance 221

Compliance FDIC Tools Leadership 221

PYMNTS

MAY 16, 2020

100 for User A in America, 200 pesos for User B in Mexico and so forth) in order to perform transactions in a secure, fast and reliable way.”. The patent application indicates that Visa would deploy the system in partnership with government central banks, which it referred to as “central entities” in the filing.

System 320

System blockchain Regional Security 320

PYMNTS

APRIL 26, 2016

Bitstamp has stamped its name in the record books in the EU for being the first company of its kind to secure a national license to operate as a bitcoin exchange. The company was awarded a license by the Luxembourg government, which recognizes it as a fully regulated, licensed exchange. That included security reviews and audits.

Bitcoin 100

Bitcoin National Security Regulation 100

Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Would you like other articles like this in your inbox? Takeaway 1 Investment fraud schemes known as pig butchering scams contributed to $3.3

Fraud 195

Fraud cryptocurrency Training social media 195

CFPB Monitor

DECEMBER 9, 2021

The CFPB has issued a final rule amending Regulation Z to address the discontinuation of the London Inter-Bank Offered Rate (LIBOR) that is currently used by many creditors as the index for calculating the interest rate on credit cards and other variable-rate consumer credit products. Change in index. Dollar LIBOR indices. (The

Regulation 78

Regulation Cards Compliance Groups 78

CFPB Monitor

JANUARY 9, 2020

The New York Department of Financial Services has sent a letter to the institutions that it regulates requiring each such institution, by February 7, 2020, to provide to DFS a description of its “plan to address its LIBOR cessation and transition risk.” (LIBOR is the acronym for the London Inter-Bank Offered Rate.).

Regulation 78

Regulation New York Taxes Management 78

PYMNTS

NOVEMBER 8, 2016

Given the staggering volume that comes through in the banking industry, it would follow that securing those accounts would be imperative, especially in the wake of the seemingly innumerable data breaches worldwide. Delving into regulation and directives, Webster took note of 4.1, the directive that takes root on Jan.

Security 186

Security Mobile Course Data 186

CFPB Monitor

JUNE 10, 2020

The CFPB has proposed amendments to Regulation Z to address the discontinuation of the London Inter-Bank Offered Rate (LIBOR) that is currently used by many creditors as the index for calculating the interest rate on credit cards and other variable-rate consumer credit products. ” Click here to register. Change in index.

Regulation 78

Regulation Handbook Cards New York 78

CFPB Monitor

JUNE 14, 2021

The new law became effective immediately upon signing notwithstanding the authority it gives the Illinois Department of Financial and Professional Regulation (“IDFPR”) to adopt rules “consistent with [the] Act.”. Proposed Regulations. The IDFPR has proposed regulations to implement the Act.

Illinois 78

Illinois Regulation Report Lending 78

PYMNTS

OCTOBER 16, 2018

So, it is in far-flung corners of the globe where, in recent days, regulators and cross-border efforts have promoted a bit of cross-pollination between tech-savvy upstarts and more entrenched players in the financial arena. At times, that collaboration even moves with a bit of regulatory underpinning.

Fintech 188

Fintech Regulation cryptocurrency Innovation 188

Perficient

JUNE 5, 2020

Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. As a best-practice it is recommended to adopt automation of certain security audits, integration of compliance oversight into key development process areas (e.g. Source Code Analysis.

Compliance 332

Compliance Security Software System 332

PYMNTS

OCTOBER 7, 2019

Securities and Exchange Commission (SEC) is seeking to “modernize” the regulation of exchange-traded funds (ETFs) in a bid to make those investment vehicles more innovative, and give them quicker entrance to the market. Might that pave the way for the emergence of cryptocurrency ETFs?

cryptocurrency 134

cryptocurrency Bitcoin Regulation Retail 134

CFPB Monitor

JULY 25, 2022

The Federal Reserve Board issued a proposa l last week that would establish default rules for benchmark replacements in certain contracts that use as a reference rate the London Interbank Offered Rate (LIBOR), which will be discontinued in 2023. The proposal implements the Adjustable Interest Rate (LIBOR) Act, which was enacted in March 2022.

Regulation 78

Regulation Cards Compliance Examples 78

PYMNTS

NOVEMBER 3, 2020

national security.”. "On 1), the tech giant referred to the possible effects of legal proceedings and global regulations and how those could impact its operations and financial conditions. Critics have charged that the company’s main purpose is to sue big companies for infringing on patents that it owns.

Apple 226

Apple Nevada Texas Maine 226

PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places.

Payments 240

Payments Tools Security Regulation 240

CFPB Monitor

JULY 20, 2022

In 2017, the United Kingdom’s Financial Conduct Authority (FCA), the regulator that oversees the panel of banks on whose submissions LIBOR is based, announced plans to discontinue LIBOR after 2021. The FCA subsequently announced that no LIBOR indices will be available after June 30, 2023.

New York 78

New York Security Operations Regulation 78

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations.

United States 174

United States Regulation cryptocurrency Cleveland 174

Abrigo

SEPTEMBER 11, 2023

How can it impact our banks, credit unions, and customers or members? In the simplest sense, generative AI refers to artificial intelligence models that generate new data similar to the data that “trained” the model. So, what is generative AI?

Risk Management 195

Risk Management Data Technology Fintech 195

PYMNTS

JANUARY 29, 2020

The company’s articles of incorporation reference “the digital nature of the shares (tokens) and the use of the blockchain as the technology to keep the shareholders registry.”. The prospectus said that the company is offering 8,399,000 “common equity share security tokens” on the ethereum blockchain. 29) by Coindesk.

blockchain 133

blockchain Groups cryptocurrency Bitcoin 133

PYMNTS

OCTOBER 8, 2019

New regulation principles to govern digital currencies are in the works by the European Union’s finance commissioner after fears ignited by Facebook’s planned Libra coin launch, Reuters reported on Tuesday (Oct. The EU largely rejected regulations on cryptocurrency until Libra was announced in June. At a G20 meeting planned for Oct.

cryptocurrency 174

cryptocurrency Meeting Washington Regulation 174

PYMNTS

SEPTEMBER 17, 2019

FinTech firms are keeping a pulse on the latest regulations and helping their clients comply with them. The European Union’s General Data Protection Regulation (GDPR), for instance, went into effect last May, and penalties are just starting to be enforced. To help clients, the FinTech uses Kubernetes, so it is cloud agonistic.

Fintech 200

Fintech Compliance Data Regulation 200

PYMNTS

MARCH 18, 2019

Authenticating.com is working to combat identity fraud by combining different solutions to securely automate and outsource identity verification and fraud prevention as a service. Personally identifiable consumer information is encrypted end-to-end, then anonymized, de-personalized and bifurcated to ensure that the data is secure.

Fraud 108

Fraud Knowledge Base Regulation Data 108

CFPB Monitor

MAY 11, 2020

On May 6, 2020, the CFPB issued an ECOA/Regulation B “Compliance Aid” containing three FAQs that clarify certain issues related to notification of action taken on Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) loan applications.

Compliance 78

Compliance Regulation Data Security 78

PYMNTS

FEBRUARY 14, 2018

In reference to corporate governance, Wells has two months to boost board oversight and compliance efforts. As has been widely reported, the company has been under fire for opening accounts without customer permission and had also signed consumers up for auto insurance they neither asked for nor needed. Wells can still lend and take deposits.

Regulation 100

Regulation Conference Compliance Lending 100

Abrigo

AUGUST 8, 2021

Independent Loan Review Systems in Banking Banking regulators have outlined expectations for effective, independent loan review and credit risk review. . The change reflects regulators’ expectations that financial institutions will develop loan review or credit review systems tailored to their specific risks and circumstances.

System 195

System Lending Policies Regulation 195

PYMNTS

MARCH 12, 2019

The Australian Securities and Investments Commission (ASIC) is criticizing top Australian banks for what the regulator said is an inefficient process of reviewing internal systems that allowed the banks to charge excess fees to customers. Reports said analysts believe most of those cases relate to those advisory fees.

Regulation 108

Regulation National Resources Security 108

PYMNTS

JANUARY 25, 2019

The Irish Data Protection Commissioner (DPC) is Twitter’s lead regulator in the European Union. That particular article says a personal breach has to be referred to the commissioner within 72 hours, and it explains the amount and type of info that should come with the notification. “We On Friday (Jan.

Data 190

Data social media Compliance Survey 190

PYMNTS

SEPTEMBER 23, 2019

The information was reported by the German news magazine Der Spiegel , referring to a letter from Facebook to German politician Fabio De Masi, Reuters said. But he did say that Calibra, the digital wallet that holds Libra, will be available everywhere as regulations permit. dollars, euros, yen, sterling and Singapore dollars.”.

US 109

US cryptocurrency Regulation System 109

PYMNTS

OCTOBER 1, 2018

Business lending in Australia probably won’t face tougher loan regulation when it comes to small business loans. He went on to describe “the central and perhaps irreplaceable role played by guarantors in securing small business finance and the particular vulnerability of small businesses to failure.”.

Lending 135

Lending Regulation National Report 135

PYMNTS

SEPTEMBER 16, 2019

The first refers to KBA methods like passwords or PINs, but the latter two categories are where merchants and payment providers will need to get creative. Possession can refer to the chip inside of a physical debit card, for example, while inherence refers to things that are even more personal — such as fingerprints.

Technology 116

Technology Customer Experience Cards Regulation 116

PYMNTS

JULY 30, 2018

A bit more than two months in, GDPR (shorthand for General Data Protection Regulation) is having an impact. There was Facebook, of course, where commentary during second-quarter earnings conference calls with analysts showed that as a result of the new regulations, the firm lost about one million monthly active users in Europe.

Regulation 100

Regulation Comparison Compliance Conference 100