PYMNTS

MAY 7, 2018

Bitcoin may be the marquee name in cryptocurrencies, but regulation may loom for its digital dollar brethren. Recent inquiries from regulators in the federal securities and commodities realms have centered on Ethereum. At least that’s the sentiment of one of its creators – in particular, its namesake Barney Frank, former Rep.

Bitcoin 108

Bitcoin Regulation cryptocurrency Virginia 108

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

Abrigo

OCTOBER 29, 2014

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. • Security measures to deter and detect cyber-attacks.

Rhode Island 236

Rhode Island District of Columbia West Virginia New Jersey 236

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. Walmart’s Answer to Facebook’s Libra: the Walmart Coin. As SCA Deadline Looms, Merchants Scramble.

Apple 115

Apple Virginia Regulation Millennials 115

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

Data 91

Data How To Community Bank California 91

PYMNTS

JUNE 11, 2020

What is new is the way in which the technology is being incorporated into businesses’ broader efforts to comply with relevant AML/KYC regulations to help mitigate identity theft and fraud and the legislation being adopted to support those technologies and govern the ways they are implemented.

Compliance 186

Compliance Guidelines Meeting Tools 186

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). Data Minimization and Security. The law now awaits the Governor’s signature. Contractors and Sub-Contractors. Biometrics. Conclusion.

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.

Virginia 46

Virginia Fintech Marketing Strategies America 46

Independent Banker

DECEMBER 31, 2022

On May 5, 2022, the federal bank regulators jointly released a notice of proposed rulemaking (NPR) to strengthen and modernize the Community Reinvestment Act (CRA) regulations. Mary Thorson Wright is a writer in Virginia. Finalization is expected as early as 2023. An NPR is due in 2024 or before. According to Rhonda R.

Compliance 100

Compliance FDIC Community Bank Community 100

CFPB Monitor

NOVEMBER 7, 2016

The CFPB announced that it filed a lawsuit in a Virginia federal district court against B&B Pawnbrokers, Inc., While the complaint only describes the loans as closed-end loans secured by personal property, the CFPB’s press release describes the loans as “pawn and auto title loans.” ”). (For

Virginia 83

Virginia Regulation Lending Examples 83

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 “internet of money” is the mantra, making it as easy to send money around the world as it is to send a picture or video across the internet, but more securely, Facebook explained. ” The regulators had a different view. Regulators Weigh In. Facebook said it simply wants to give the 1.7 The largest user base is India.”

cryptocurrency 149

cryptocurrency Bitcoin blockchain Regulation 149

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

NOVEMBER 25, 2015

One of the biggest problems with FinTech companies is that many of them exploit existing banking infrastructure—including debit, credit and ACH networks—and access traditional checking and saving accounts, yet face minimal regulation when it comes to data security and privacy. Kelly Pike is a freelance writer in Virginia.

Community Bank 70

Community Bank Community Analytics Lending 70

PYMNTS

JUNE 19, 2019

The “internet of money” is the mantra, making it, Facebook explains, as easy to send money around the world as it is to send a picture or a video across the internet, but more securely. The same Facebook that has made headlines and regulators roil over the last several years for its breaches of consumer trust and data privacy.

cryptocurrency 100

cryptocurrency Bitcoin Regulation blockchain 100

Independent Banker

OCTOBER 29, 2014

The evolution has challenged regulators and law enforcement to find ways to quash new modes of criminal activity and to get ahead of the criminals. Mary Thorson , a former Federal Reserve managing examiner and compliance consultant, is a financial writer in Virginia. Compliance Corner General Regulation & Compliance'

Compliance 80

Compliance Leadership Resources Virginia 80

Fintech Labs Insights

MARCH 22, 2016

The funding news comes just days after StreetShares announced that it had earned Regulation A+ approval from the Securities and Exchange Commission (SEC), which enables the company to use public investments to back loans to small businesses. million into the company. StreetShares’ total funding stands at more than $8 million.

Virginia 12

Virginia Lending Community Online 12

CFPB Monitor

MAY 20, 2016

and Grace Doherty Charitable Foundation Professor of Law, University of Virginia School of Law. Instead, this “one data point” only secured the class six months of credit monitoring and free credit reports (the Fair Credit Reporting Act already provides that consumers may obtain a free credit report each year). Johnston, Henry L.

Study 68

Study Data Industry Capital 68

Fintech Labs Insights

DECEMBER 14, 2015

Founded in 2011 and headquartered in Richmond, Virginia, WealthForge recently added Bill Robbins as Chief Revenue Officer. ” Del Rey said, including bespoke private banks, regulators, and “large scale consumer credit players in the U.S. and Australia.”

Virginia 12

Virginia Capital Conference Regional 12

PYMNTS

DECEMBER 27, 2018

Its ongoing efforts to make government more digital promise to guide similar pushes in other parts of the globe and lawmakers and regulators try to move away, as much as possible, from paper-based processes. Estonia’s ongoing efforts to digitize government offer lessons on security. Keep your eyes on Estonia in the coming year.

blockchain 157

blockchain Mobile Dallas National 157

Independent Banker

MARCH 27, 2016

I learned about it firsthand as a cadet at the Virginia Military Institute. Your institutions had nothing to do with the toxic mortgage-backed securities, credit default swaps and synthetic derivatives that tanked the global economy eight years ago. Fine, President and CEO of ICBA. Having your back. This is why ICBA exists.

Community Bank 70

Community Bank Community Washington Virginia 70

Independent Banker

MARCH 15, 2015

Regulation Review Committee, vice chairman. One officer at The Peoples Bank has served as the event’s treasurer for 20 years, shepherding the picnic funds and keeping them secure. Both the regulators and Congress respect us for what we stand for,” he observes. “So Kelly Pike is a freelance writer in Virginia.

Ohio 70

Ohio Community Bank Community Lending 70

PYMNTS

NOVEMBER 16, 2018

Or, if reports are correct, the IRS has actually outsourced that process to a Virginia company for $1.7 A secure space is set aside to count it all, and there are two IRS employees inside the room at all times. This means customers pay in cash, their employees are paid in cash, and their taxes are paid in cash.

Taxes 177

Taxes Payments District of Columbia Alabama 177

Jeff For Banks

DECEMBER 12, 2017

That got regulator's attention in the form of a May 2011 Consent Order (CO). billion in asset company headquartered in West Virginia, providing community banking services primarily in the Eastern Panhandle and South Central regions of the state, and the Northern and Shenandoah Valley regions of Virginia. million on assets of $1.4

Minnesota 60

Minnesota West Virginia Virginia Iowa 60

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. After a comprehensive investigation by the Securities and Exchange Commission, Holmes was banned from the laboratory testing industry for two years and was ultimately charged with wire fraud by the Department of Justice in summer 2018. Zenefits skirts compliance regulations. The Outcome.

Fraud 78

Fraud Las Vegas Company Video 78

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

CFPB Monitor

JANUARY 8, 2019

The new year heralds many new developments in the state regulation of student loan servicers. California, Illinois, and Washington have each taken significant steps in implementing their existing laws while legislation has been introduced in Virginia and New Mexico to regulate student loan servicers for the first time.

New Mexico 60

New Mexico Illinois Virginia Washington 60

CB Insights

NOVEMBER 9, 2017

The startup, which was established in 2008, privately raised $185 million before its $100 million initial public offering was blocked by the Australian Securities Exchange last year. So its secured lender, which [founder Scott] Jones didn’t name, recently emptied ChaCha’s bank accounts. via Business Insider. Company: Digg.

Capital 78

Capital Company San Francisco Operations 78

CFPB Monitor

MARCH 20, 2017

Professor Saikrishna Prakash, James Monroe Distinguished Professor, University of Virginia School of Law. Adam White, Research Fellow, Hoover Institution. Brianne Gorod, Chief Counsel, Constitutional Accountability Center. Mr. Olson is lead counsel to PHH. It is fair to characterize Hoover Institution as a conservative think tank.

Virginia 74

Virginia Community Bank America Policies 74

PYMNTS

AUGUST 11, 2017

The level of security on U.S. Attendees at the annual hacking conference DefCon were able to crack into two dozen machines, representing five different voting machine models, using just basic computer security and reverse-engineering skills. Conspiracy theorists who think someone tampered with the 2016 U.S. Why Was It So Easy?

Security 102

Security Montana Oregon Colorado 102

PYMNTS

SEPTEMBER 5, 2018

The move comes amid increasing global focus on matters related to online privacy and data security — and as the idea of regulating social media is gaining currency. Mark Warner, Democrat from Virginia. The foundation of that regulation will be data privacy, he said. But will regulators really rule, or will consumers?

social media 102

social media Security Regulation California 102

PYMNTS

SEPTEMBER 20, 2019

Mark Warner of Virginia arranged for a dinner with the social media executive with other senators and told Fox Business Network, according to the report, “Facebook leadership realizes that failure to have federal legislation [on internet issues] is actually going to hurt them and the whole platform industry in the long run.”. Democratic Sen.

Meeting 116

Meeting social media Missouri Connecticut 116