PYMNTS

OCTOBER 16, 2020

During the first two quarters of 2020, these lenders also put more funds aside in anticipation of loan losses to come. The banks have been asked to perform [a] national service,” CreditSights Research Analyst Jason Tan told Squawk Box Asia on (Aug. Furthermore, the Beijing government has requested that banks forfeit 1.5

Regulation 280

Regulation Lending National Marketing 280

PYMNTS

SEPTEMBER 12, 2018

that are more modern, but urged lawmakers to approach the issue nationally. According to a report in Reuters , citing The Internet Association, the trade group wants the rules to preempt a new regulation on the books in California that comes into effect in 2020. 11) that it supports data privacy rules in the U.S.

National 128

National Data Company California 128

PYMNTS

SEPTEMBER 24, 2020

The Digital Commodity Exchange Act of 2020, which was proposed by a U.S. 24), could put digital currency exchanges under one national structure, CoinDesk reported. Every entity in the nation would need to disclose yearly digital currency income if it is above $1,300. representative Thursday (Sept.

National 121

National Report Taxes Bitcoin 121

PYMNTS

SEPTEMBER 12, 2019

There are many forms of nationalism. Ethnic nationalism. Cultural nationalism. Now comes cryptocurrency nationalism? Coindesk reported this week that, in the Netherlands, cryptocurrency firms based outside of Europe may “get the boot” amid new regulations. 10, 2020 if they wish to continue to operate there.

National 109

National cryptocurrency Policies Regulation 109

Bank Innovation

OCTOBER 29, 2019

Digital banking brand Varo has 1 million customers, and is pushing ahead with plans to become a nationally-chartered bank early next year, CEO Colin Walsh told Bank Innovation Tuesday.

National 284

National Innovation Digital Banking Branding 284

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.

Regulation 175

Regulation Data Regional Examples 175

CFPB Monitor

SEPTEMBER 22, 2020

We are delighted to share the news that Ballard Spahr has been named a finalist for the 2020 LendIt Fintech Top Law Firm Industry Award. Also this year, our Consumer Financial Services Group once again received the highest national ranking from Chambers USA : America’s Leading Lawyers for Business.

Fintech 78

Fintech Industry National Groups 78

Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs. Legislative Initiatives.

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

Abrigo

JULY 9, 2024

Takeaway 2 Financial institutions will need to incorporate FinCEN's national AML/CFT priorities into their risk assessments and compliance programs. The AML Act of 2020, which amended the Bank Secrecy Act, directed FinCEN to reevaluate and update AML/CFT requirements to enhance program effectiveness, efficiency, and flexibility.

Compliance 221

Compliance Fraud Regulation National 221

PYMNTS

FEBRUARY 25, 2019

The Conference of State Bank Supervisors (CSBS) said earlier this month that it had put in place a set of action items to standardize the national experience of FinTechs and non-bank entities. We have formed a working group of state regulators to develop the model.

Regulation 147

Regulation Fintech Community Bank Community 147

PYMNTS

MAY 8, 2020

The National Football League’s 101st season begins in prime time on Sept. He added the league is prepared to make adjustments as it did during the off-season in safely and efficiently conducting key activities such as free agency, the virtual off-season program, and the 2020 NFL Draft. Are you ready for some football? Or will it? “In

Kansas City 130

Kansas City Houston Kansas Guidelines 130

CFPB Monitor

JULY 27, 2020

The CFPB has issued its Spring 2020 Semi-Annual Report to Congress covering the period September 30, 2019 through March 31, 2020. In April 2020, the Bureau published a request for information seeking comments and information to assist the Taskforce. The proposal’s comment deadline was extended until August 4, 2020.

Report 78

Report Lending Leadership National 78

Abrigo

SEPTEMBER 6, 2024

billion laundered between 2015 and 2020 through the U.S. real estate between 2015 and 2020. According to the Treasury , the rule will provide highly useful information to law enforcement authorities and national security agencies. Make sure your institution is fully prepared to comply with these new regulations.

Compliance 195

Compliance Training Fraud Regulation 195

PYMNTS

FEBRUARY 7, 2020

As he said, the patient and provider information that is required to satisfy regulations for healthcare disbursements is increasingly being collected, stored and disseminated digitally. I believe the time has arrived for healthcare RFPs in 2020.”.

Payments 164

Payments Data System Security 164

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. All such programs shall terminate not later than December 31, 2020.

Regulation 122

Regulation United States Community Bank National 122

Perficient

DECEMBER 27, 2023

Once published by regulators, Perficient’s Risk and Regulatory CoE will be here to walk our clients through the changes. YOU MAY ENJOY: Regulatory Reporting in Financial Services Modernizing CRA Regulations Managing compliance risk frameworks in alignment with existing risk profiles is crucial as customer needs evolve.

Compliance 221

Compliance FDIC Regulation Fraud 221

PYMNTS

JANUARY 25, 2021

Officials have until April 1 to divest from any foreign cryptocurrencies, although they won’t be required to report any crypto holdings for the year 2020, the report stated. In a financial crisis, cryptocurrencies are more likely to be dumped by investors during a market meltdown, as occurred at the start of the pandemic in March 2020.”.

Bitcoin 261

Bitcoin cryptocurrency Data National 261

PYMNTS

JANUARY 27, 2020

To say that 2020 has already started off as a busy year for the Consumer Financial Protection Bureau (CFPB) might be an understatement. Only a few weeks in, and the flurry of activity might already reshape the way financial services are regulated, and by whom. Digital Taxes, Abroad.

New York 179

New York Taxes California Conference 179

CFPB Monitor

APRIL 30, 2020

We are pleased to announce that Ballard Spahr’s Consumer Financial Services Group has once again received the highest national ranking from Chambers USA: America’s Leading Lawyers for Business. Our CFS Group has been ranked in Band One every year since Chambers USA introduced a national category for consumer finance.

National 78

National Groups Regulation Compliance 78

CFPB Monitor

MAY 17, 2021

On May 6, 2021, the CFPB’s Office of Servicemember Affairs issued its eighth annual report summarizing its activities from January 1 through December 31, 2020. The program is free and available for use by all military personnel, including National Guard and Reserve members.

Report 78

Report Compliance Leadership Analysis 78

CFPB Monitor

APRIL 8, 2021

On April 1, 2021, the FDIC’s final rule issued in December 2020 revising its brokered deposits regulation became effective. The full compliance date for the final rule is January 1, 2022.

FDIC 78

FDIC Resources Regulation Compliance 78

CFPB Monitor

AUGUST 20, 2020

Since early June 2020 when cries for racial justice resulted in a period of social unrest in the U.S., While it remains to be seen whether these initiatives will be effective and produce lasting results, they represent a significant, concerted effort by financial services regulators to promote greater financial inclusion and equality.

Regulation 78

Regulation FDIC Community Lending 78

PYMNTS

JANUARY 8, 2021

The Cyberspace Administration of China is considering a revamping of internet oversight regulations, rules that have not been updated in more than 20 years, according to a Reuters report on Friday (Jan. The plan to revise cyberspace regulations comes at a time when China is stepping up the scrutiny of tech giants.

Online 171

Online Regulation Maine National 171

CFPB Monitor

JULY 9, 2020

The agency would first offer “Payments Charter 1.0”, which he likened to a basic national money-transmitter license. According to Acting Comptroller Brooks, a national payments charter would align with the OCC’s role, which is to create and support national financial services platforms. would add, the initial Payments Charter 1.0

National 78

National Company Payments New York 78

Abrigo

JULY 21, 2021

As part of the Financial Crimes Enforcement Network’s (FinCEN) first national priorities list for anti-money laundering and countering the financing of terrorism (AML/CFT) policies, one important priority continues to be detecting, reporting, and preventing terrorist financing. BSA Rules and Regulation. BSA Rules and Regulation.

Training 195

Training National Strategy Regulation 195

PYMNTS

JANUARY 25, 2021

In today’s top payments news around the world, India’s central bank wants stricter regulations for big shadow lenders, while global foreign direct investment (FDI) dropped last year and the pandemic will continue to impact it this year. The central bank of India wants more stringent regulations for large shadow lenders.

United States 217

United States Regulation Payments Lending 217

PYMNTS

DECEMBER 3, 2020

Like all regulations, the new Digital Services Act brewing in the European Union has its detractors (those who will be regulated) and its fans (those who are writing the regulations). For instance, it singled out YouTube, which reported that between July and September 2020, it removed 7.9 million problematic videos.

Regulation 204

Regulation Google National Marketing 204

Perficient

AUGUST 16, 2020

However, you may not know that there are certain rules/regulations that must be accounted for so you can remain compliant with FCC regulations. This law was signed on February 16, 2018, and officially went into effect on February 16, 2020. RAY BAUM’S Act will be enforced (starting January 6, 2021).

System 348

System Regulation Texas Compliance 348

PopularBank

MAY 25, 2021

Popular Bank Senior Vice President and Director of National Healthcare Financing Andrew Boland joined fellow industry leaders for the Environmental Banker Association (EBA) panel discussion How COVID Changed Senior Living & Care Underwriting. Are you following current regulations? We asked questions about their safety.

National 52

National Industry Lending Strategy 52

Abrigo

JANUARY 11, 2023

Institute Against Human Trafficking reported that the 2020 Super Bowl in Miami saw a 163% increase in human trafficking reports to the national hotline over the course of the event. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation. It dropped down to 140 incidents in March 2019.

Training 195

Training Software Tampa Regulation 195

CFPB Monitor

OCTOBER 20, 2021

A group of 96 organizations and individuals, who describe themselves as consisting of “consumer, labor, civil rights, legal services, faith, community and financial organizations and academics,” have sent a letter to the CFPB urging the Bureau to regulate fee-based earned wage access (EWA) products as credit subject to the Truth in Lending Act.

Regulation 78

Regulation Groups Analysis Lending 78

CFPB Monitor

MARCH 30, 2020

On March 27, 2020, the Massachusetts Attorney General filed an emergency regulation interpreting the Massachusetts Consumer Protection Act, M.G.L. Indeed, the National Consumer Law Center has interpreted the restrictions this way.

Massachusetts 78

Massachusetts Regulation Industry National 78

Tomorrow's Transactions

JUNE 9, 2020

2020 has been dominated by the COVID-19 pandemic threatening our way of life, challenging our resourcefulness and resilience, on a global scale not experienced since the World War ended 75 years ago. Master your limitations, policies, and relevant rules and regulations, as they will constrain the type of response to adversity.

Resources 82

Resources Risk Management Operations Regulation 82

PYMNTS

AUGUST 9, 2018

The report noted that a cabinet panel signed off on the reappointment of Sharma until September of 2020. Sharma previously served as the first director general of Unique Identification Authority of India, a government body in charge of India’s national identity card system, which is based on biometrics.

Regulation 100

Regulation social media Apple Mobile 100

CFPB Monitor

JUNE 12, 2020

New debt collection rules creating requirements relating to consumers’ language proficiency are set to take effect in New York City on June 27, 2020. The new rules amend NYC’s existing debt collection regulations applicable to creditors collecting their own debts as well as third-party collection agencies.

New York City 78

New York City New York Regulation Resources 78

Abrigo

FEBRUARY 9, 2024

billion laundered between 2015 and 2020 through the U.S. The proposed rule is part of a requirement of the Anti-Money Laundering Act of 2020 (AMLA) to initiate transparency within the real estate industry. real estate between 2015 and 2020, and the actual number is almost certainly higher. real estate market alone.

Training 195

Training Fraud Trends Report 195

Abrigo

OCTOBER 19, 2023

Launched to provide resources Cybersecurity Awareness Month was launched in 2004 by the National Cybersecurity Alliance (NCA) and the U.S. The idea was to create a national campaign to educate people about cybersecurity basics, such as using strong passwords, updating software, and avoiding phishing emails. million in 2020.

Online 221

Online Security Resources Training 221