PYMNTS

DECEMBER 4, 2019

Federal banking regulators support using alternative methods to assess creditworthiness to help high-risk people get loans, The Wall Street Journal (WSJ) reported on Tuesday (Dec. The regulators added that agencies choosing to tap into alternative data should do so judiciously.

Regulation 136

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Bank Innovation

APRIL 11, 2017

How will regulation affect financial services firms in 2017? Well, everyone agrees it will bump up costs, according to a study by corporate finance advisor Duff & Phelps. The only other choice […].

Regulation 186

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PYMNTS

APRIL 10, 2019

A study by Symantec, a cybersecurity company, showed that two out of every three hotel sites have leaked personal data, which could include credit card and passport information, according to a report by Reuters. Symantec studied upwards of 1,500 hotel sites in 54 countries, from two-star to five-star establishments.

Study 161

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PYMNTS

MARCH 22, 2019

Thirty-four percent of businesses are using IoT in their operations, according to a recent study, and 70 percent of that group have moved beyond pilot testing to actual adoption. With increased adoption, though, comes a need for improved regulations, and both the European Telecommunications Standards Institute (ETSI) and U.S.

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PYMNTS

FEBRUARY 16, 2020

Facebook is something in between a newspaper and a telecommunications company, said CEO Mark Zuckerberg , and he wants it to be regulated accordingly, The Wall Street Journal reported. And in comments made last March, he said he believes more regulation is needed on social media companies.

Guidelines 131

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PYMNTS

JULY 1, 2020

Keeping up with customers’ shifting behaviors and preferences amid changing regulations is a familiar challenge for today’s small- to medium-sized businesses (SMBs), but the pandemic’s impact on the scale of digital payments has steepened the learning curve for these merchants. One study found that card-not-present (CNP) transactions rose 29.7

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PYMNTS

APRIL 16, 2019

Another recently introduced piece of legislation aims to protect individuals by regulating facial-recognition cameras. IoT-related revenue grew by 15 percent in 2018, according to an industry study. While security concerns remain, the IoT market is continuing to expand. Find the rest of the feature story in the April IoT Tracker.

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PYMNTS

JANUARY 21, 2019

21) by a French regulator, in what the Wall Street Journal reported is the largest penalty under the new European General Data Protection Regulation (GDPR) privacy law. It’s also one of the highest-profile regulator actions coming from GDPR which went into effect last year. Alphabet Inc.’s

Google 190

Google Regulation National Data 190

Jeff For Banks

APRIL 6, 2021

Note that the study was limited to Federal Housing Administration (FHA) loans. The study analyzed FHA lenders that were subject to CFPB oversight, which were non-bank FHA lenders and bank FHA lenders with greater than $10 billion in total assets. Conclusions The study revealed intended and unintended consequences. as low as 500.

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Chris Skinner

MAY 9, 2018

A lot of it was focused upon Artificial Intelligence and Machine Learning towards the end, but the first half was interesting as it focused upon why there is a backlash against Silicon … The post Tech firms will be regulated like banks in future appeared first on Chris Skinner's blog.

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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

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Bank Innovation

MAY 15, 2019

Indeed, in a study released by Fenergo, the client lifecycle management software company, one of every five C-suite executives don’t think their bank’s technology allows them to invest in disruptive innovation.

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PYMNTS

NOVEMBER 9, 2020

Regulation. EU Gears Up To Propose New Big Tech Regulations. Australian Regulator Looks Into Merger Law Changes. The regulation enables authorities in Turkey to take content off of platforms instead of restricting access as they had done previously.

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PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

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Regulation Data Regional Examples 175

PYMNTS

MARCH 11, 2020

Consumer advocates are pushing federal banking regulators to do something about rent-a-banks with notoriously sky-high loan rates that prey on people with bad credit, the Wall Street Journal (WSJ) reported on Wednesday (March 11). These types of partnerships have been targeted by state regulators and consumer advocates.

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PYMNTS

JANUARY 7, 2019

In Ireland, reported CryptoGlobe , the Irish cabinet has approved legislation that will bring more regulation to the sector. Separately, in India, the action toward crypto regulation seems to be … inaction. The site noted that the new rules still await passage by the country’s legislative body.

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Cisco

DECEMBER 1, 2020

Every year, Cisco conducts the Security Outcomes Study (SOS), a fully anonymous survey of over 4,800 active IT, security, and privacy professionals from around the world. Of the 4,800 participants in the larger study, 589 represented firms in the financial services sector.

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PYMNTS

AUGUST 6, 2020

Artificial intelligence (AI) is also driving payments innovations, with a study finding that it could add $1.2 Corporates crave fast payments from banks, but financial institution (FI) payments are often hamstrung by regulations and cross-border frictions that FinTechs do not face.

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American Banker

DECEMBER 21, 2023

The American Bankers Association requested that President Joe Biden tell Treasury Secretary Janet Yellen to study the impact of more robust bank regulation.

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BankUnderground

DECEMBER 19, 2022

Following the Global Financial Crisis of 2007–08, some regulators introduced rules on bankers’ bonuses with an aim to mitigate incentives to take excessive risks, and in turn promote financial stability. Following the crisis, regulators introduced remuneration requirements aiming to remedy this. Ieva Sakalauskaite and Qun Harris.

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PYMNTS

FEBRUARY 25, 2019

As regulators overseeing non-banks, our goals are clear: Ensure the safety and soundness of the financial system, protect consumers and streamline the multistate experience,” said Mark Quandahl, chairman of the CSBS Emerging Payments & Innovation Task Force, in a statement. This is an area that we are studying.”.

Regulation 147

Regulation Fintech Community Bank Community 147

BankInovation

MARCH 25, 2021

According to a study released Monday by Juniper Research, spending on regulation technology is likely to exceed $130 billion by 2025, up from $30 billion in 2020. […].

Regulation 91

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CFPB Monitor

JULY 8, 2022

Department of Education recently announced proposed regulations designed to expand and improve the major student loan discharge programs authorized by the Higher Education Act. But that is precisely what the Department’s proposed regulations would do. The Department’s proposed regulation constitutes administrative overreach.

Regulation 78

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PYMNTS

JUNE 9, 2020

The EU enacted open banking rules in 2018, inspiring regulators worldwide to reconsider how they were transacting funds or transmitting data. The COVID-19 pandemic’s impact on daily business has generated new questions surrounding these initiatives that regulators are now scrambling to answer. and the EU. Australia and Canada.

Regulation 132

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PYMNTS

FEBRUARY 28, 2020

The JFTC said that Rakuten’s new initiative could be a disadvantage to some sellers on the site, and that it is still studying what impact the move would have on the market as a whole. The organization is the watchdog for business practices in the country.

Regulation 131

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PYMNTS

NOVEMBER 8, 2018

A campaign group has asked EU regulators to investigate several data brokers, credit rating agencies and adtech companies to see if they are breaching the General Data Protection Regulation (GDPR). But a study found that three months in, GDPR compliance rates were low, showing that only 20 percent of firms are fully compliant.

Regulation 139

Regulation Data Compliance Groups 139

PYMNTS

DECEMBER 8, 2017

San Mateo startup Tipalti, a firm that automates accounts payable and payments cash flow, has partnered on two recent global payment method studies. Those studies, according to Rob Israch, Tipalti CMO, have unearthed some encouraging and surprising findings for the company’s mission.

Study 101

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CFPB Monitor

FEBRUARY 16, 2023

Using data for the last quarter of 2020 and first three quarters of 2021, the study examined the effects of the 36% rate cap imposed by the Illinois Predatory Loan Prevention Act which became effective in March 2021. The study found that the cap significantly decreased the availability of small-dollar credit in Illinois. .

Illinois 78

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PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. A 2019 study underscored this point, discovering that even though the AML software market is slated to grow 15.25 The drivers of AML initiatives in the U.S.

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PYMNTS

SEPTEMBER 16, 2019

A research study he conducted estimates that annually, 15 percent of money budgeted for influencer marketing campaigns is wasted. Regulation could be the answer, some companies have speculated, and Unilever said it is all for tackling the problem aggressively. He said, “$1.3 billion is a conservative estimate.

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social media Regulation New York City Baltimore 150

PopularBank

OCTOBER 17, 2023

A new Florida condo safety law passed in June 2023 makes some updates to a regulation passed in 2022 for condominium and cooperative buildings. Structural integrity reserve study The requirement to complete a structural integrity reserve study (SIRS) every 10 years remains unchanged.

Florida 52

Florida Regulation Community Study 52

PYMNTS

SEPTEMBER 24, 2019

Bank of Japan Head Haruhiko Kuroda spoke to business leaders in Osaka about the importance of having a coordinated global plan to regulate Libra and other cryptocurrencies, Reuters reported on Tuesday (Sept. He urged policymakers to ensure that the highest level of regulation is applied to such assets.

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PYMNTS

JULY 27, 2018

watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through the new landscape, according to a report by Reuters. has also sought clarity on regulations as a means to better compete against established banks.

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PYMNTS

FEBRUARY 5, 2018

Last month, Canada’s Competition Bureau released its final study on tech-led innovation in FinTech, offering regulators some thoughts on competition in the payments sphere, along with suggestions on where the competitive landscape could be improved. If Starbucks goes under, the individual has lost the $20 they have put on the card.

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Regulation Bitcoin Innovation Study 103

PYMNTS

JULY 5, 2018

The researchers didn’t name the companies that could be running afoul of the new General Data Protection Regulation (GDPR), which is a law that went into effect on May 25 and requires companies to get consent from customers to store and use their data. Meanwhile, Facebook said it “worked hard” to meet the rules.

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PYMNTS

MARCH 9, 2018

when it comes to financial regulation. As reported by Caixin Global , the People’s Bank of China will “take the lead” in coordinating regulation, a strategy that was telegraphed in remarks on Friday (March 9) from bank governor Zhou Xiaochuan. China may not take a page, or several, from the U.K.

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Regulation Course Maine Study 101

PYMNTS

NOVEMBER 23, 2020

A recent report released by the United Nations found that 132 out of 194 countries have now introduced data protection regulations of some kind, all varying in terms of what type of information they protect and the severity of their restrictions. Around The Data Protection World.

Industry 298

Industry Regulation Data Study 298