Jeff For Banks

AUGUST 2, 2014

My firm will occasionally provide feedback on correspondence to our clients'' regulators. I thought about what we should have said to the regulator, versus the sweet words I was encouraging our client to use. Below is a sample letter to your regulator, saying it like you mean it. Warm Regards, Schmidlap National Bank.

Regulation 89

Regulation DC FDIC Analytics 89

Abrigo

NOVEMBER 21, 2019

The US is at a disadvantage without a national beneficial ownership registry. . In 2014, FATF clarified their standards and published the Guidance on Transparency and Beneficial Ownership. Is a national beneficial ownership database in the works? BSA Rules and Regulation. BSA Rules and Regulation. Learn More.

United States 195

United States Regulation National Taxes 195

PYMNTS

JANUARY 11, 2019

Excuse the hyperbole, but Google (and other search engines) dodged a bullet this week when it came to privacy regulations that come out of the European Union and then influence other jurisdictions. Google ran afoul of France’s national privacy regulator about three years ago for allegedly violating that right. One example?

Google 191

Google Regulation Course California 191

PYMNTS

SEPTEMBER 26, 2018

Australian regulators on Tuesday (Sept. Regulators probed the banks’ breaches of law in a review scrutinizing operations between 2014 and 2017, according to reports. The nation named a new Small Business Minister last month, part of a broader government reshuffling that placed SMBs closer into focus for policymakers.

Regulation 108

Regulation National Compliance System 108

PYMNTS

JULY 22, 2016

It feels like 2014 again with the ongoing popularity of alternative lending startups. It’s even more surprising given that 2016 could be the year that regulation begins to really kick in for these lenders — in the U.S., That, experts say, would be a massive headache for these players. million for alt-lenders this week.

Lending 100

Lending Regulation Big Data Risk Management 100

Abrigo

AUGUST 13, 2024

The average time spent listening to podcasts has surged 450% since 2014, and listeners span all ages. He hosts banking executives, regulators, and association leaders to talk about critical issues in banking. Indeed, people 35 and older spend 7 to 8 hours a week listening to podcasts. Podcasts’ popularity is understandable.

Fraud 221

Fraud Community Community Bank Lending 221

PYMNTS

AUGUST 29, 2018

When trying to understand the new eIDAS regulations set to go officially online in the EU in September, it helps, Trulioo GM Zac Cohen told Karen Webster, to take a step back and look at the general purpose of the European Union. A Changing EU (and Landscape).

Regulation 164

Regulation Guidelines Trends Online 164

PYMNTS

JUNE 21, 2018

Sources say Robinhood Markets is in talks with regulators about offering banking services to its more than 4 million users. The talks are not final and no deal has been made. Jack Randall, a spokesman for Robinhood, declined to comment.

Regulation 123

Regulation Millennials California Capital 123

Abrigo

DECEMBER 17, 2021

In their advisory on the importance of a strong culture of compliance (FIN-2014-A007), FinCEN states that one of the keys to a robust BSA/AML program is d evoting adequate resources to its compliance function (both human and technological). Remember, regulators don't care how much you have in your budget for staffing. Learn More.

Compliance 195

Compliance Training Fraud Resources 195

PYMNTS

JUNE 16, 2018

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). Russia’s FinTech Association and 14 of the nation’s largest banks collaborated on the development of Masterchain, reports noted, citing a white paper.

blockchain 113

blockchain National New York cryptocurrency 113

PYMNTS

OCTOBER 27, 2019

The law will regulate the use of cryptography, facilitate the cryptography business and establish cybersecurity, according to the NPC Constitution and Law Committee , the news agency reported. The decree also underlines the training of talent in cryptography and will offer awards for “outstanding contributions.”.

cryptocurrency 109

cryptocurrency Training Regulation blockchain 109

Independent Banker

SEPTEMBER 25, 2014

The better prepared, the less likely they are to run afoul of the continually shifting regulations. Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. Be aware of existing or emerging risk concerns. in Kent, Ohio.

Compliance 101

Compliance Regulation Community Bank Community 101

PYMNTS

DECEMBER 14, 2020

The Commission Nationale de l’Informatique et des Libertés (CNIL), the French data protection watchdog, has hit Amazon and Google with significant financial penalties for allegedly contravening regulations on the digital advertising trackers known as “cookies,” CNBC reported. Amazon was told to pay 35 million euros (approximately $42.5

Google 132

Google social media Compliance Regulation 132

PYMNTS

DECEMBER 10, 2019

Tencent’s WeBank , which is a digital bank in China that provides loans to individuals and small businesses, will be the technical infrastructure provider for China’s national blockchain network, according to a report by Coindesk. Following that, it expanded into blockchain services.

blockchain 148

blockchain Technology Bitcoin National 148

PYMNTS

JANUARY 27, 2020

China has actually been looking at making its own CDBC since 2014. Their mindset is that since digital currencies aren’t restricted to just one country, as traditional currencies would be, nations should work together on finding paths forward with the new technology. And they think China should be a part of that teamwork.

cryptocurrency 144

cryptocurrency National Strategy Regulation 144

PYMNTS

FEBRUARY 6, 2019

” Regulators have not accused the company of wrongdoing, and FLEETCOR said all of its fees are lawful and comply with regulations. Yet, reports said there have been 366 complaints filed with the Federal Trade Commission (FTC) against FLEETCOR since 2014. “That’s not a dumb thing to do — that’s smart.”

Cards 167

Cards Missouri Kansas Pennsylvania 167

PYMNTS

DECEMBER 10, 2019

Tencent’s WeBank , which is a digital bank in China that provides loans to individuals and small businesses, will be the technical infrastructure provider for China’s national blockchain network, according to a report by Coindesk. Following that, it expanded into blockchain services.

blockchain 138

blockchain Bitcoin National Digital Banking 138

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Failure to meet AML/KYC requirement challenges can be costly for FIs, too, with regulators issuing heavy fines for lax security practices or failure to devote sufficient resources to oversight.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

JUNE 19, 2019

In an effort to clamp down on cross-border money laundering, the People’s Bank of China (PBOC) plans to bolster cooperation with other nations such as countries in Europe. The central bank’s efforts would home in on areas such as financial information exchange, anti-money laundering (AML) regulation and asset recovery, Reuters reported.

Regulation 100

Regulation Regional Course National 100

PYMNTS

DECEMBER 20, 2017

Reuters, citing the FATF, reported that in addition to failing to punish money launderers, Mexico’s tax authorities aren’t regulating money from real estate and luxury goods firms, which are just a front for drug operations. The allegations came in a draft report on Mexico’s efforts to fight back against illicit finance.

Taxes 100

Taxes Regulation National Report 100

PYMNTS

AUGUST 21, 2018

auditing giant KPMG was hit with yet another fine from the nation’s Financial Reporting Council (FRC). million in fines for its audits of Ted Baker in 2013 and 2014 after the company admitted misconduct to the FRC. Reports in Bloomberg said KPMG was hit with $2.7 “This would help the process of making changes to the U.K.

Regulation 100

Regulation Report National Operations 100

PYMNTS

DECEMBER 7, 2018

regulators earlier this year has collapsed after a judge dismissed the case due to lack of evidence, reports in the BBC said Thursday (Dec. Tesco acknowledged in the autumn of 2014 that it overstated profits, the BBC said. The case against two former Tesco directors initiated by U.K. ” Chris Bush, former U.K.

Fraud 108

Fraud Regulation Report National 108

PYMNTS

JULY 16, 2019

A group of Venezuelan nationals filed a fraud suit in Florida federal court claiming they were duped into a Ponzi scheme involving cryptocurrency purportedly backed by diamonds. Of the 90 cryptocurrency cases pursued by the SEC, regulators have only tracked down $36 million for investors.

cryptocurrency 115

cryptocurrency Florida Fraud Groups 115

PYMNTS

JANUARY 11, 2019

Excuse the hyperbole, but Google (and other search engines) dodged a bullet this week when it came to privacy regulations that come out of the European Union and then influence other jurisdictions. Google ran afoul of France’s national privacy regulator about three years ago for allegedly violating that right. One example?

Google 100

Google Regulation Course California 100

Abrigo

JULY 9, 2015

The report, based on data through the end of 2014, discusses risks facing national banks and federal savings associations, and focuses on issues that pose threats to the safety and soundness of those OCC-regulated institutions. For example, net income declined 4 percent year over year. percent versus a 3.5

Maine 150

Maine Policies Survey Lending 150

Abrigo

JUNE 2, 2021

The guidance emphasizes a risk-focused approach to examinations and refocuses the regulators to scope each exam according to the unique financial institution, not to use a one-size-fits-all approach. Although this advisory is dated 2014, it is top-of-conversation among regulators even today. BSA Rules and Regulation.

How To 195

How To Training Compliance Policies 195

PYMNTS

JUNE 14, 2018

Tight regulations around the legal marijuana industry are barring non-wealthy entrepreneurs from entering the market, according to reports from Forbes on Wednesday (June 13). Reports also highlighted the successful and wealthy back stories of some of the nation’s current leading marijuana businesses.

Massachusetts 108

Massachusetts Industry Resources Operations 108

PYMNTS

MAY 12, 2016

According to FT , no public or private action was taken against the bank by regulators after the information was disclosed. regulators didn’t seem inclined to take any real steps toward looking into the claims about BSI’s role in tax evasion at the time. But as the FT’s reports showed, U.K. But as the FT’s reports showed, U.K.

Taxes 100

Taxes Fraud Regulation New York 100

CFPB Monitor

MAY 12, 2021

The Fed’s final rule implementing the Durbin Amendment (Regulation II) went into effect in October 2011. Regulation II capped the interchange fee received by large issuers (with $10 billion or more in assets) to 21 cents plus 0.05% of the transaction. In 2014, in NACS v. Proposed Amendment to Regulation II.

North Dakota 78

North Dakota Cards Regulation Fraud 78

PYMNTS

SEPTEMBER 12, 2016

There’s been a slow, steady drumbeat toward the movement for years, but ModCloth , the San Francisco-based vintage women’s clothing eTailer, prominently brought the issue back into the spotlight in 2014 when it signed a pledge that it would no longer make any post-production changes to any of its models or images.

social media 100

social media San Francisco Retail Branding 100

CFPB Monitor

JULY 8, 2015

In a new report entitled “Debt Collection Communications: Protecting Consumers in the Digital Age,” the National Consumer Law Center “specifies the regulations the [CFPB] should adopt regarding when, where, how, and how often consumers can be contacted by debt collectors and creditors engaged in debt collection.”

Regulation 60

Regulation Mobile National Report 60

Abrigo

JUNE 22, 2015

On June 18th, the board of the National Credit Union Administration (NCUA) unanimously approved five items , including a proposed rule aimed at modernizing member business lending (MBL). billion in 2014 from only $13.4 The rule would provide greater flexibility and autonomy for credit unions to better meet the needs of their members.

Lending 150

Lending Regulation Policies Meeting 150

PYMNTS

JUNE 12, 2019

Reports in ZDNet last week said Norway lawmakers have introduced regulations to require eInvoicing in the public sector for both local and state level governments in an effort to accelerate digitization and save money. As Italy’s eInvoice mandate continues to evolve , similar regulatory initiatives have surfaced in Norway and Ireland.

America 139

America Taxes Regulation Fraud 139

CFPB Monitor

JULY 7, 2015

In a new report entitled “Debt Collection Communications: Protecting Consumers in the Digital Age,” the National Consumer Law Center “specifies the regulations the [CFPB] should adopt regarding when, where, how, and how often consumers can be contacted by debt collectors and creditors engaged in debt collection.”

Regulation 60

Regulation Mobile Report National 60

CFPB Monitor

OCTOBER 4, 2018

Thus, prior to the amendment, many “passive debt buyers” operated under the presumption that the WCAA did not require them to be licensed – an interpretation adopted by the Washington Collection Agency Board, which regulates collection agencies within the state.

Washington 84

Washington Operations Regulation National 84

Perficient

JULY 11, 2022

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. When deciding whether to use a BNPL service for a purchase, it is essential to read the fine print.

Fintech 474

Fintech Trends Apple South Dakota 474

PYMNTS

NOVEMBER 26, 2019

Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. No states have joined SSUTA in the year and a half since the Wayfair ruling, and Ohio’s 2014 membership is the most recent addition.

Taxes 141

Taxes South Dakota District of Columbia Compliance 141