PYMNTS

JANUARY 29, 2018

Following the theft of $530 million in NEM tokens from Coincheck last week, governments will likely call for more cryptocurrency regulation and investors may turn to peer-to-peer (P2P) methods of trading instead of centralized exchanges, Bloomberg reported. 2014 after a mysterious “glitch” caused $500 million worth of bitcoin to go missing.

Regulation 124

Regulation cryptocurrency Bitcoin Security 124

CFPB Monitor

MAY 23, 2019

The FDIC has announced that it has entered into a settlement of the lawsuit filed against it and the OCC in 2014 by a trade group and several payday lenders challenging “Operation Choke Point” — a federal enforcement initiative involving the FDIC, OCC and other federal agencies. In July 2017, the D.C. In July 2017, the D.C.

FDIC 112

FDIC Operations Policies Regional 112

PYMNTS

MAY 1, 2018

Regulators in the U.S. are considering the regulation of digital tokens outside bitcoin. The Wall Street Journal reported that the inquiry is focused on the cryptocurrency Ethereum, which hasn’t been in the crosshairs of regulators as of yet.

Regulation 104

Regulation Bitcoin cryptocurrency Massachusetts 104

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

Chris Skinner

JANUARY 31, 2019

Things we’re reading today include … Deutsche Bank swings to first full-year net profit since 2014 German regulators probe price decline at Wirecard UK fintech shuts US operation to save Chinese deal Barclays trial jury told to ignore defendants’ jokes about prison TSB computer meltdown bill rises to £330m Metro … The post Things (..)

Metro 150

Metro Regulation Fintech US 150

Abrigo

JUNE 10, 2020

The former Chief Operational Risk Officer was fined for insufficient action on AML program deficiencies and staffing issues. The regulators don’t care what your budget is,” Luttrell says. Adequately staffed and risk-focused AML resources with good documentation are critical. The recent $450,000 fine of U.S. Get adequate resources.

Resources 195

Resources Regulation Compliance Policies 195

Abrigo

DECEMBER 5, 2019

Banking regulators, state regulators, and FinCEN release joint statement. The 2018 Farm Bill removed hemp as a Schedule I narcotic under the Controlled Substances Act and directs the United States Department of Agriculture (USDA) to regulate legal hemp cultivation and production. BSA Rules and Regulation. Learn More.

Regulation 195

Regulation United States Training Compliance 195

PYMNTS

JUNE 14, 2016

aviation regulators for reportedly shipping hazardous materials by plane. This case stems back to a 2014 incident where Amazon reportedly shipped a gallon container of “Amazing! Amazon has a history of violating the hazardous materials regulations,” the FAA said in the release. Amazon has found itself in hot water with U.S.

Regulation 100

Regulation United States Training Report 100

PYMNTS

MAY 25, 2018

“We have a lot of predatory lending out here, which we want to regulate,” Geoffrey Mwau, director general of budget, fiscal and economic affairs at the country’s treasury, said on Thursday (May 24). Once the money is deposited, Kenyans can spend it anywhere in the country. Suri told the paper the kiosks act as debit cards.

Regulation 101

Regulation Lending Mobile Course 101

PYMNTS

MARCH 1, 2016

And while some of these strategy revamps have been telegraphed, the numbers show some impact from regulations and investigations, as the firm posted a net loss of roughly $547 million (394 million pounds), which is far worse than a year ago at 174 million pounds. And there could be some legal issues afoot, too.

Operations 100

Operations Strategy United States Regional 100

PYMNTS

JANUARY 12, 2020

Wells Fargo is striving to revamp its approach to technology to ensure systems stay online, satisfy regulators and block cybercriminals, the Wall Street Journal (WSJ) reported on Saturday (Jan. He said repairing problems pointed out by regulators is his “first priority.” Powell is the former Santander head executive. .

System 147

System Regulation Resources Meeting 147

PYMNTS

AUGUST 20, 2020

This went on between 2014 and 2018, the court document stated. In addition, TD Bank must cease operating this way and issue clear notices to all customers telling them exactly what they’ve signed up for. The CFPB has sought to regulate overdraft violations more often in recent years.

Policies 262

Policies Regulation Cards Operations 262

PYMNTS

JUNE 1, 2016

According to a PayPal survey conducted in 2014, 53 percent of smartphone users made purchases using their mobile devices. Tourism is said to have accounted for 12 percent of Turkey’s GDP in 2014 and its 37 million tourists that year made it second only to Italy as a favorite global tourist destination. PayPal applied and was rejected.

Regulation 100

Regulation Operations Survey Mobile 100

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. The OCC on Oct. The OCC on Oct. • Changes in underwriting.

Rhode Island 236

Rhode Island District of Columbia New Jersey West Virginia 236

PYMNTS

JULY 8, 2019

To that end, Andrea Enria, the European Central Bank supervisor, said this past week that the European banking system is operating with excess capacity, and that efficiency might be spurred by mergers and acquisitions. 30, 2014 to Dec. As many as 1.6 The bank was fined the equivalent of $1 million USD.

System 108

System Regulation Capital Report 108

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. increased operational risks. Be aware of existing or emerging risk concerns.

Compliance 101

Compliance Regulation Community Bank Community 101

Abrigo

OCTOBER 7, 2014

In a recent survey conducted in partnership by the Federal Reserve and the Conference of State Bank Supervisors ( CSBS ), over 1,000 community bankers weighed in on a range of hot button issues facing their organizations in 2014. This should come as no surprise. This M&A activity, however, is by no means a recent trend.

Trends 230

Trends Capital Community Industry 230

PYMNTS

JULY 8, 2020

Ant Group was launched in 2014 to provide global financial services. Based in Hangzhou, China, the company operates Alipay, an online payment service that debuted in 2004 and has evolved into the world’s largest payment and lifestyle platform, the company said.

Groups 175

Groups Report Capital Regulation 175

PYMNTS

DECEMBER 14, 2020

The company said its robotaxi is capable of driving up to 75 miles per hour and can operate continuously for up to 16 hours on a single charge. This means that safety will, in fact, be a major concern for consumers and regulators. He said that the robotaxi “has passed key … crash tests” under federal regulations.

California 160

California Regulation Operations Innovation 160

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. The EU, Webster noted, was not quite the same place in 2014 as it is in 2018.

Regulation 164

Regulation Guidelines Trends Online 164

PYMNTS

NOVEMBER 26, 2018

According to the court documents, Blue Apron’s website states that “we win together, not alone; we operate with integrity.”. “If If Blue Apron truly does operate with integrity and is accountable,” the lawsuit reads, “then it will pay its employees all of their hard-earned wages.”.

California 169

California Iowa Arkansas New Jersey 169

CFPB Monitor

OCTOBER 4, 2018

On September 21, 2018, the Attorney General for the State of Washington filed a lawsuit (see complaint ) against several companies engaged in purchasing charged-off consumer debts, for operating as “collection agencies” without a license, in violation of the Washington Collection Agency Act (WCAA).

Washington 84

Washington Operations Regulation National 84

PYMNTS

NOVEMBER 26, 2019

The Prudential Regulation Authority (PRA), the supervisory arm of the Bank of England (BoE), has fined Citigroup a record-breaking $56.3 million for not completing accurate returns between 2014 and 2018, according to a report by Reuters.

Capital 136

Capital Regulation Meeting Resources 136

PYMNTS

FEBRUARY 13, 2019

The Colorado Department of Revenue has revealed that the state’s regulated marijuana industry sales have topped $6 billion since sales began in 2014. Last year, regulated marijuana sales in Colorado were nearly $1.55 In addition, taxes generated by the industry grew by nearly 8 percent last year. billion the previous year.

Industry 155

Industry Colorado Taxes California 155

PYMNTS

APRIL 15, 2019

Danish operations of Ernst & Young (EY) and KPMG are now under investigation by Danish police related to money laundering cases. In the wake of the Danske scandal, Denmark’s lawmakers are working to create tougher money laundering regulations.

Report 175

Report Regulation Management Operations 175

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

SEPTEMBER 2, 2019

3 hearing advises that system-wide governance should be established to regulate virtual asset service providers (VASPs), CoinTelegraph reported Monday (Sept. Although regulation could make it hard for some crypto firms to continue operations, Murray said it’s not the BSA’s job to accommodate everyone. financial system.

Groups 124

Groups cryptocurrency Regulation United States 124

Abrigo

DECEMBER 11, 2014

10, 2014 effective date. Solem notes the first step is to review the inventory of regulation – the laws, rules, regulations, standards and guidelines – that apply to your institution. As regulatory, business and operating environments change, it is necessary to update risk approaches.

Community Bank 207

Community Bank Community Guidelines Risk Management 207

Abrigo

JANUARY 1, 2015

Some of the biggest banking stories in 2014 centered on massive data breaches at top retailers, M&A activities, and regulatory changes like the IASB’s IFRS 9 Financial Instruments. Creating a team dedicated to compliance will likely foster trust with regulators.

Management 150

Management Compliance Regulation Data 150

PYMNTS

JANUARY 17, 2019

General Electric ‘s divestiture of GE Capital assets continues as MUFG Union Bank announced plans to acquire GE Capital’s Trade Payable Services (TPS) operations. The company said it expected industrial businesses to account for as much as 90 percent of its earnings by 2018, up from 58 percent in 2014.

Capital 150

Capital America blockchain Regulation 150

PYMNTS

DECEMBER 26, 2019

Tencent, which operates WeChat, one of the largest chat platforms in the world, recently teamed up with huge diamond mining firm ALROSA , as well as blockchain operation Everledger. In other recent crackdowns by China’s Communist authorities, companies have faced increasingly steep control and regulation by the government.

cryptocurrency 131

cryptocurrency Company blockchain Exercises 131

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

CFPB Monitor

AUGUST 10, 2021

The California Department of Financial Protection and Innovation (DFPI) has issued proposed amendments to its regulations implementing the Pilot Program for Increased Access to Responsible Small Dollar Loans (Pilot Program). Initially effective from 2014 to2018, the Pilot Program’s sunset date was extended to January 1, 2028.

California 78

California Regulation CA Innovation 78

PYMNTS

JULY 5, 2019

Amazon in some ways was the victim of a race run so well that regulators are taking a second look, competitors are loudly complaining and even the courts are taking a tougher line on its business practices. And Amazon’s competitors in retail are working hard to make sure that the regulators take a close enough look.

Regulation 108

Regulation Pennsylvania Retail Report 108

PYMNTS

APRIL 18, 2019

The PSD2 -related regulation counts itself among a raft of those set to become law across the continent, focusing on boosting online commerce security by requiring cardholders to provide two forms of identification to verify their identities when transacting. Those under €30 ($33.93

Fraud 148

Fraud Regulation Compliance Online 148

PYMNTS

OCTOBER 7, 2016

We are well-funded for our operations and future growth,” said Symphony spokeswoman Samantha Singh in the report. The round in 2015 valued the company at $650 million, the paper reported. “We

Analytics 147

Analytics Google Report Regulation 147

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 company is not allowed to operate like a bank under current rules, but would like to offer banking-like products such as savings accounts through different licenses or partnerships.

Regulation 123

Regulation Millennials California Capital 123