South State Correspondent

JANUARY 16, 2024

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY. No ISDA documents.

Community Bank 195

Community Bank Community Compliance CA 195

CFPB Monitor

DECEMBER 5, 2018

Companies providing such financing are not required to comply with the new disclosure requirements until the DBO’s final regulations become effective. The DBO’s invitation provides an important opportunity for providers of commercial financing products to engage with and educate the DBO as it develops proposed regulations.

CA 74

CA Regulation Policies Examples 74

CFPB Monitor

NOVEMBER 8, 2021

Compliance with the new disclosure requirements is not required until the DFPI’s final regulations become effective. The small number of changes made by the DFPI in the fourth modifications suggests that the DFPI is close to finalizing its proposal.

CA 78

CA Regulation California Compliance 78

PYMNTS

APRIL 25, 2017

The charter is optional for FinTechs and is aimed at providing a stamp of approval by the OCC for having good compliance practices. Other concerns are that the OCC doesn’t understand FinTech and therefore shouldn’t regulate it. In essence with the charter, the government could weed out the good FinTechs from the bad ones.

Fintech 109

Fintech Ohio Florida Oregon 109

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. The discussions were healthier, more compliance-focused, and with little expectations that banks were going to offer crypto to their customers any time soon.

Conference 221

Conference Las Vegas Fraud Data 221

PYMNTS

JUNE 23, 2019

The Opinion also addresses concerns about the preparedness and compliance of some actors in the payments chain with the SCA requirements that apply as of 14 September 2019,” according to a press release from the EBA.

CA 122

CA Compliance Online Payments 122

CFPB Monitor

AUGUST 4, 2020

Recently, the federal banking regulators issued four new sets of examination procedures. The booklet contains examination procedures regarding supervision of OCC-regulated banks and savings associations related to Section 5 of the Federal Trade Commission Act (“UDAP”) and Sections 1031 and 1036 of the Dodd-Frank Act (“UDAAP”).

Handbook 78

Handbook Regulation CA Exercises 78

Money and Payments

JUNE 22, 2019

The information pack (download here) also outlines more technical details on programming languages, future plans and committment to regulatory compliance. Quite some politicians and regulators are eager to quickly respond and that is completely understandable. Facebook is not.

CA 64

CA Analysis Compliance Regulation 64

PYMNTS

JUNE 23, 2019

The Opinion also addresses concerns about the preparedness and compliance of some actors in the payments chain with the SCA requirements that apply as of 14 September 2019,” according to a press release from the EBA.

CA 115

CA Compliance Online Payments 115

PYMNTS

MARCH 16, 2016

Although the CFPB has claimed, in many cases, that it allows many smaller banks and credit unions to be exempt from many of the regulations, the congressional members have expressed fear that the bureau may not be doing enough to ensure those smaller financial institution aren’t unnecessarily regulated.

Community Bank 100

Community Bank Community CA Regulation 100

PYMNTS

MARCH 15, 2019

An anti-money laundering resolution presented by Congresswoman Maxine Waters (D-CA) passed by a voice vote on Thursday (March 14). Although most do, we continue to see not only failures in compliance but also egregious acts where money laundering and terror finance are facilitated,” said Waters. The resolution — H. This must stop.

US 128

US CA United States Industry 128

PYMNTS

JULY 11, 2019

The Decentralized Identity Foundation (DIF) has been working with corporations and regulators to one day reach this goal, but the foundation’s co-founder, Wayne Vaughan, has some concerns surrounding Libra’s impact on the future of digital identity. I think that regulators and governments might insist on something like that.”.

cryptocurrency 124

cryptocurrency Regulation Security CA 124

PYMNTS

JULY 12, 2019

Cryptocurrency exchanges in Canada will now only have to report transfers of more than CA$10,000 ($7,663). The move comes after the Canadian government decided to ease up on some of its new anti-money laundering regulations due to feedback from payment service providers and crypto exchanges.

Bitcoin 100

Bitcoin ATM Miami cryptocurrency 100

CFPB Monitor

FEBRUARY 2, 2021

The DFPI indicated in its announcement that it believes the MOUs “to be the first agreements of their kind between the fintechs and a state regulator.”. The CCFPL authorizes the DFPI to prescribe regulations requiring any covered person to register with the DFPI.

CA 60

CA Company Innovation Regulation 60

CFPB Monitor

MARCH 17, 2021

Although the standards remain voluntary, Financial Services Committee Chairwoman Maxine Waters (D-CA) is focused on identifying methods to increase compliance among federal financial regulatory agencies tracking diversity and inclusion efforts.

FDIC 78

FDIC CA Policies Compliance 78

PYMNTS

JANUARY 15, 2018

In an interview with PYMNTS, Jordi Gascon, with EMEA Security at CA Technologies, noted the challenges for banks across the EU, right out of the gate: “PSD2 compliance is a must, and they need to cope with the intrinsic risks of opening their infrastructure to third parties.” Regulation News Closer to Home: The CFPB.

CA 112

CA Bitcoin Data Security 112

CFPB Monitor

AUGUST 16, 2019

Following hearings this past spring, Representative Maxine Waters (D-CA), Chair of the House Financial Services Committee, released a statement that the Committee finds more work is needed to improve diversity at megabanks.

Leadership 60

Leadership CA Regulation Groups 60

PYMNTS

MAY 25, 2016

Businesses simply need this information at this point — 1) because criminals are often going after it, and 2) because regulators the world over are deciding that, when data is stolen and blame must be handed out, the firm that was breached is often the recipient. He sold his previous business, Layer 7 Technologies, to CA Technologies.

Data 101

Data Big Data Security System 101

PYMNTS

MAY 25, 2016

Businesses simply need this information at this point – one because criminals are often going after it, and two because regulators the world over are deciding that when data is stolen, and blame must be handed out, the firm that was breached is often the recipient.

Data 100

Data Big Data Security System 100

American Banker

MAY 9, 2016

State officials in California have asked top online lending firms a series of probing questions regarding their compliance with laws and regulations dealing with referral fees, bank partnerships, fair lending and other sensitive issues.

Regulation 28

Regulation Online California Lending 28

American Banker

SEPTEMBER 28, 2016

CU Bancorp in Los Angeles has agreed to a consent order to address deficiencies in its Bank Secrecy Act and anti-money laundering compliance program.

Los Angeles 28

Los Angeles Compliance CA FDIC 28

American Banker

SEPTEMBER 6, 2016

State regulators' resistance to the idea of a national fintech charter is not surprising, but state-by-state regulation imposes heavy burdens that reverse the cost savings and expanded reach available through fintech.

Fintech 28

Fintech Regulation National CA 28

CB Insights

JUNE 11, 2018

In recent months, the Chinese government has increasingly eased regulations on autonomous vehicles in a number of cities to accelerate the path to commercialization. Didi’s lab in Mountain View, CA. Waymo claims that developing its technology internally allows for more efficiency and tighter integration. . The China advantage.

Google 71

Google Industry Software Data 71

American Banker

NOVEMBER 7, 2016

As voters in California, Florida and nine other states decide whether to legalize marijuana, the results may force Congress to resolve differences between federal and state laws that have paralyzed much of the banking industry.

Florida 60

Florida California Industry CA 60

American Banker

NOVEMBER 8, 2016

Voters in Florida, North Dakota, Montana and Arkansas approved medical marijuana measures on Tuesday, while their counterparts in California, Massachusetts and Nevada approved recreational pot initiatives.

North Dakota 51

North Dakota Montana Arkansas Nevada 51

American Banker

NOVEMBER 8, 2016

Voters in Florida and North Dakota approved medical marijuana measures on Tuesday, while their counterparts in California and Massachusetts approved recreational pot initiatives, according to projections.

Massachusetts 38

Massachusetts Florida North Dakota California 38

American Banker

DECEMBER 5, 2016

Banks and credit unions in California plan to participate in a new working group that will focus on the cannabis industry's lack of access to the mainstream financial system, according to state officials.

Groups 28

Groups California System Industry 28

American Banker

OCTOBER 30, 2016

As banks grow and their business models become more complex, some find that adding a general counsel to the staff makes sense. Bank SNB in Stillwater, Okla., says hiring one allowed it to reduce its legal fees by 80%. Here are the pros and cons.

NJ 28

NJ CA Community Bank Community 28

American Banker

JULY 29, 2016

Four years after the first states legalized marijuana, most bankers still want nothing to do with it.

CA 28

CA Regional National Compliance 28

American Banker

MAY 31, 2016

Community Business Bank in West Sacramento, Calif., has finally put the Troubled Asset Relief Program in the past.

Community 28

Community Sacramento CA Community Bank 28

PYMNTS

SEPTEMBER 6, 2016

That’s the backdrop for the nearly hour-long conversation that Karen Webster had about the role of payments security in digital business transformation with CA Technologies Director of Payments Security James Jenkins. CA Technologies’ Roadmap. Here are the highlights of that conversation.

Security 100

Security CA Payments Big Data 100

CFPB Monitor

JULY 21, 2022

CA), inserting into the NDAA a version of the “Establishing New Authorities for Business Laundering and Enabling Risks to Security Act,” otherwise more commonly known as the ENABLERS Act. in a manner that the Secretary determines appropriate to assess compliance” with the amendment.

United States 78

United States Taxes Regulation Compliance 78

PYMNTS

OCTOBER 31, 2016

Maxine Waters (D-CA), has thrown down the banks-need-to-be-broken-up gauntlet. The bipartisan assault on the banks and the business models that underpin the delivery of banking and payments services were punctuated with the regulation of interchange under the Durbin Amendment to the Dodd-Frank Act. TRUST IS CRITICAL AND BANKS HAVE IT.

Regulation 100

Regulation Innovation Data Industry 100