Payments Dive

NOVEMBER 16, 2022

The CEOs of Brex, Splitit and Paystand weigh in on what’s to come in the year ahead, commenting on the trends, challenges, regulation and M&A.

Trends 451

Trends Regulation Payments 451

Perficient

AUGUST 16, 2023

Bank Closed By Regulators Almost all bank closures happen on a Friday so that regulators can work all weekend to reopen the bank on Monday. On Monday, July 31, 2023, all four branches of Heartland Tri-State Bank were reopened as Dream First Bank branches. In 2019, it expanded by buying its fourth branch from a competitor.

United States 221

United States Kansas FDIC Risk Management 221

Abrigo

AUGUST 31, 2023

Teaching staff these KYC tips to make clients feel more comfortable In 2023, KYC procedures must both support CDD compliance and make sure your institution is a welcoming place for all customers. Takeaway 2 In 2023, KYC should both strengthen your AML program and personalize services to support clients' individuality and value.

Compliance 195

Compliance Community Training System 195

Abrigo

FEBRUARY 10, 2023

Introduction Corporate Transparency Act guidance FinCrime professionals have been on high alert for new regulations since the Anti-Money Laundering Act of 2020 (AMLA) was signed into law, but updates have been slow to arrive. It proposes regulations for disclosing BOI to specific groups, including financial institutions.

Fraud 195

Fraud Training Regulation Compliance 195

Accenture

APRIL 24, 2023

In February 2023, the UK government released a consultation on draft legislation for Buy-Now Pay-Later (BNPL) services, which outlined the scope of the proposed legislation as well as some exemptions.

Regulation 195

Regulation Trends Payments 195

Gonzobanker

DECEMBER 14, 2023

While Huntington is down like most bank stocks, the pain hasn’t been as severe, and Huntington doubled down on local markets in 2023 by consolidating business units. He passed away in January 2023. The Worst Day of the Year Award – goes to May 1, 2023, when First Republic Bank failed. What a year.

Fintech 190

Fintech Community Regional Technology 190

Perficient

SEPTEMBER 6, 2023

The regulators feel that this proposed LTD rule would: Improve the resolvability of these banking organizations in case of failure, Potentially reduce costs to the Deposit Insurance Fund, and Mitigate financial stability and contagion risks by reducing the risk of loss to uninsured depositors.

Regulation 221

Regulation DC Capital Washington 221

Abrigo

MARCH 31, 2023

You might also like this webinar: "CECL implementation FAQs: Progress as 2023 approaches" listen Takeaway 1 The National Credit Union Administration emphasized interest rate, liquidity, and credit risk as main concerns. Some credit unions discussed the expected effects of CECL adoption in 2023 in a separate section of their plans.

Risk Management 195

Risk Management Policies Capital Maine 195

Abrigo

JANUARY 4, 2023

banking regulators recently warned financial institutions that dealing with cryptocurrency exposes them to an array of risks. Crypto scams to watch for in 2023. The Financial Crimes Enforcement Network (FinCEN) regulates all virtual currencies for anti-money laundering and countering the financing of terrorism (AML/CFT) programs.

social media 195

social media Fraud cryptocurrency Trends 195

Abrigo

DECEMBER 27, 2022

Fraud trends for financial institutions to watch for in 2023 Financial institutions should not expect a slowdown of any of 2022’s fraud trends. Be on the lookout in 2023 for the following trends identified by the FBI. No fraud decrease likely for 2023. Current economic indicators do not bode well for fraud stabilization in 2023.

Trends 195

Trends Fraud cryptocurrency Software 195

CFPB Monitor

DECEMBER 11, 2023

The Federal Trade Commission has released its Fall 2023 rulemaking agenda as part of the Fall 2023 Unified Agenda of Federal Regulatory and Deregulatory Actions. The majority of the rulemakings listed in the agenda are being conducted as part of the FTC’s systematic review of all of its regulations and guidelines on a rotating basis.

Guidelines 78

Guidelines Regulation 78

Accenture

SEPTEMBER 15, 2023

The new standard successfully launched globally in March 2023 with SWIFT CBPR+, and on the European Market Infrastructures of T2 (March 2023), Euro 1 (March 2023) and CHAPS RTGS (June 2023). The years-long ISO 20022 journey has achieved a major milestone this year: it is now being used for cross-border payments.

Compliance 528

Compliance Data Marketing Payments 528

The Paypers

JANUARY 12, 2023

The Prudential Regulation Authority (PRA), the regulatory arm of the Bank of England , has set out its priorities for 2023 in a letter to chief executives of institutions.

Regulation 68

Regulation 68

Abrigo

NOVEMBER 9, 2022

Financial institutions work to meet Q1 2023 CECL deadline A CECL implementation survey by Abrigo found progress by financial instittuions is mixed ahead of the upcoming deadline. . In many cases, financial institutions adopting CECL for the 2023 deadline are tracking ahead of where SEC registrants were as they faced a 2020 deadline.

Survey 195

Survey Software Resources Meeting 195

Independent Banker

DECEMBER 31, 2022

While the pace of bank regulatory changes has diminished from a few years ago, several issues will either become effective or likely develop in 2023. 1, and applicable to the first quarterly assessment period of 2023 with an invoice payment date of June 30, 2023. Finalization is expected as early as 2023. Quick Stat.

Compliance 100

Compliance FDIC Community Bank Community 100

Perficient

NOVEMBER 27, 2023

In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. This has challenged many organizations to better optimize and intelligently automate business processes and experiences.

Industry 221

Industry Regulation Compliance Data 221

CFPB Monitor

JANUARY 18, 2023

On September 9, 2022, the California Department of Financial Protection and Innovation (DFPI) proposed to amend its student loan servicing regulations, which we previously covered here. After reviewing public comments, on January 6, 2023, the DFPI released a Notice.

California 147

California Regulation Innovation 147

American Banker

DECEMBER 12, 2023

In this year's roundup of top banking news for 2023: Navy Federal Credit Union joins the RTP network amid ongoing military contract woes, major banks across the U.S. announce staff cuts, regulators shutter Signature Bank and more.

Regulation 92

Regulation Fintech 92

BankUnderground

FEBRUARY 7, 2024

We find that the vast majority of borrowers who came to the end of their fixed terms in 2023 faced new mortgage rates which were lower than those they had been ‘stressed’ at. We find that this ‘headroom’ would remain for the majority of borrowers even at the peak level mortgage rates reached in 2023.

Analysis 120

Analysis Policies Data Marketing 120

Jeff For Banks

JUNE 17, 2024

If the CFPB was so concerned about fees charged by banks, perhaps they should perform an analysis of over regulation that is a key contributor to fees charged by banks? Regulators must not have read that article. What do regulators think will happen? I cannot lay the sole blame at the feet of regulators.

Regulation 110

Regulation Retail Fraud Operations 110

CFPB Monitor

OCTOBER 27, 2023

On October 13, 2023, the California Department of Financial Innovation (DFPI) published final regulations implementing the Student Loan Servicing Act (“SLSA”) and the Student Loans: Borrower Rights Law. The final regulations are the culmination of two sets of proposed regulations from the DFPI, which we previously covered here.

California 78

California Regulation Innovation 78

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Regulators will want more compliance bodies, more compliance/risk technology, or both out of almost every BaaS bank.

Conference 221

Conference Las Vegas Fraud Data 221

Gonzobanker

FEBRUARY 1, 2023

Scottdale, Arizona was chillier than normal this week, but that didn’t prevent bankers from having heated discussions about 2023 at this year’s Acquired or Be Acquired conference, hosted by Bank Director. However, most bankers were optimistic that deals would pick up later in 2023 and that the chances of a raging 2024 are strong.

Arizona 135

Arizona Kansas City Industry Fintech 135

TheGuardian

JUNE 24, 2024

Investors hold more than $87bn (£68bn) in funds that disclose under environmental and social sections of EU sustainable finance rules while including some of the biggest emitters of planet-heating gas, an analysis of data from the last quarter of 2023 shows. Continue reading.

Regulation 104

Regulation Analysis Data Marketing 104

Perficient

OCTOBER 1, 2024

Just before Christmas in 2023, December 23, 2023, to be precise, the Federal Deposit Insurance Corporation (“FDIC”) Board of Directors gave a Christmas gift that was the equivalent of coal in their stocking.

FDIC 251

FDIC User Experience Mobile Meeting 251

American Banker

AUGUST 8, 2024

s focus on implementing stricter control over brokered deposits is misguided, a former chairman on the agency writes, and misses the real lessons of 2023's bank failures. The Federal Deposit Insurance Corp.'s

FDIC 78

FDIC Community Bank Community Compliance 78

Banking Exchange

JANUARY 6, 2023

Regulators have started 2023 with warnings surrounding investment in crypto for banks Risk Management Feature Feature3 Blockchain Bitcoin Cryptocurrency Digital Compliance Compliance/Regulatory.

Regulation 78

Regulation Risk Management Compliance Bitcoin 78

CFPB Monitor

APRIL 3, 2023

On March 30, 2023, the White House endorsed several proposals to strengthen regulatory requirements for the banking industry in the wake of the Silicon Valley Bank and Signature Bank failures.

Regulation 78

Regulation Industry FDIC Community Bank 78

CFPB Monitor

AUGUST 23, 2023

On August 28, 2023 (the “Effective Date”), SB 103 , signed into law by Missouri’s governor, will become the nation’s second statutory framework for earned wage access (EWA) providers. The Missouri law closely resembles Nevada’s recently enacted law to license and regulate EWA providers.

Missouri 78

Missouri Regulation 78

Perficient

NOVEMBER 21, 2024

The compliance deadline, however, depends on the firm’s total receipts from calendar years 2023 and 2024. The ruling demands action from all non-depository firms (e.g., This effort carries out the personal financial data rights established by the Consumer Financial Protection Act of 2010 (CFPA).

Compliance 221

Compliance Data Cards Meeting 221

Perficient

NOVEMBER 21, 2024

The compliance deadline, however, depends on the firm’s total receipts from calendar years 2023 and 2024. The ruling demands action from all non-depository firms (e.g., This effort carries out the personal financial data rights established by the Consumer Financial Protection Act of 2010 (CFPA).

Compliance 221

Compliance Data Cards Meeting 221

PYMNTS

DECEMBER 23, 2019

The same framework should be in place to improve technology used by regulators in efforts to strengthen supervision throughout the industry, the think tank also says. billion by 2023, up from an estimated $4.5 The risk and safety lines with AI in China in the finance sector appear to be blurring. trade war.

Regulation 202

Regulation Groups Policies Big Data 202

CFPB Monitor

SEPTEMBER 8, 2023

On October 1, 2023 the California Department of Financial Protection and Innovation’s (“DFPI”) final regulations impacting those who provide commercial financial products and services will become effective.

California 78

California Regulation Report 78

CFPB Monitor

JULY 12, 2022

The CFPB has agreed to a March 31, 2023 deadline for issuing a final rule implementing the small business data requirements of Section 1071 of the Dodd-Frank Act. In the agenda, the Bureau estimated issuance of a final rule in March 2023.

California 78

California Conference Meeting Regulation 78

Bussman Advisory

MARCH 10, 2023

The post Silicon Valley Bank is shut down by regulators | Meta exploring a new social network that could compete with Twitter | WealthTech Radar 2023 appeared first on Bussmann Advisory AG. We offer advisory services for the executive team and in-person or virtual courses with tailored topics.

social media 52

social media Regulation Fintech blockchain 52

Gonzobanker

AUGUST 24, 2023

The Credit Card Competition Act of 2023 could negatively impact banks’ ability to generate interchange fees and reduce the amount of capital they issue, however. The crisis the WSJ is alluding to is the short-term “crisis of 2023.” One bright spot for the banking industry is Americans’ rising appetite for credit card debt.

Innovation 139

Innovation United States Industry Technology 139

CFPB Monitor

FEBRUARY 22, 2024

Our special guest is Richard (“Rick”) Hackett, former Assistant CFPB Director responsible for auto finance regulation and presently a member of the Board of F&I Sentinel, which supports lender compliance in the auto finance and insurance industry.

Regulation 78

Regulation Compliance Retail Industry 78