Perficient

JUNE 1, 2022

Note that the definition of treasuries for this reporting and regulations example does include principal-only (PO) and interest only (IO) Separate Trading of Registered Interest and Principal Securities (STRIPS). The following tables, starting with the most basic – U.S. Interested in learning more? You can download it here.

Report 294

Report Security Regulation System 294

PYMNTS

FEBRUARY 11, 2019

As the payments landscape evolves and becomes ever more digital in scope, and as FinTech firms make inroads into traditional financial services, regulators are looking at FinTech credit — and how it might be defined and shaped. There seem to be no easy answers on just how to regulate the space. trillion.

Fintech 195

Fintech Lending Regulation Survey 195

PYMNTS

JULY 26, 2020

The Securities Commission Malaysia (SC) is planning to expand regulations to encompass digital asset wallet providers, adding to its frameworks that currently address Digital Asset Exchanges (DAX) and Initial Exchange Offering (IEO), the SC announced Thursday (July 23). “The Bitcoin is these things,” Chief Judge Beryl A.

Bitcoin 161

Bitcoin Regulation United States Operations 161

PYMNTS

SEPTEMBER 20, 2019

Google CEO Sundar Pichai said politicians should take a measured approach when thinking about regulating artificial intelligence (AI), and that many of the rules already in place would work for legislating the new technology. We are for sure definitely approaching things more deliberately than before,” he said.

Google 122

Google Regulation Training Innovation 122

PYMNTS

JUNE 8, 2020

Buonomo didn’t have a definite answer on which cryptocurrency would become the default mode of currency in this scenario, although he said the tech limitations and need for privacy would count out most of the public blockchains.

blockchain 338

blockchain cryptocurrency Maine National 338

PYMNTS

AUGUST 8, 2019

The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances. It also illegal to attempt to collect one.

Puerto Rico 134

Puerto Rico Regulation New York South Dakota 134

PYMNTS

JANUARY 16, 2020

This includes customers who meet the definition of a politically exposed person.”. In addition, any firms that carry out crypto asset related activity within the scope of the FCA’s regulations must register with the authority before conducting business. Final determination on that proposed ban could come early this year.

Regulation 132

Regulation cryptocurrency User Experience Operations 132

PYMNTS

JANUARY 10, 2020

After allegations of patent infringement by Koninklijke Philips and its North American unit, regulators with the United States International Trade Commission (USITC) said they will look into wearable monitoring devices with the inclusion of those made by Garmin and Fitbit , Reuters reported. Google was reportedly paying $7.35

Regulation 130

Regulation United States Google America 130

Abrigo

JANUARY 3, 2024

Treasury’s Financial Crimes Enforcement Network (FinCEN) recently issued a new regulation on the requirements, including how AML staff will access the information through a new federal beneficial ownership information (BOI) registry. This definition is different from existing customer due diligence (CDD) rules that took effect in 2018.

Fraud 221

Fraud Regulation Report Compliance 221

PYMNTS

JANUARY 10, 2020

After allegations of patent infringement by Koninklijke Philips and its North American unit, regulators with the United States International Trade Commission (USITC) said they will look into wearable monitoring devices with the inclusion of those made by Garmin and Fitbit , Reuters reported. Google was reportedly paying $7.35

Regulation 130

Regulation US United States Google 130

CFPB Monitor

AUGUST 7, 2023

This question is of paramount importance because the federal law definition of “money transmitting” depends in large part on state law definitions and regulator interpretations, and there is no uniform legislation that defines cryptocurrency as money for the purposes of state licensing requirements. .

cryptocurrency 147

cryptocurrency Security Regulation 147

CFPB Monitor

SEPTEMBER 22, 2022

The public comment period for the notice of proposed rulemaking (“NPRM”) regarding the Motor Vehicle Dealers Trade Regulation Rule (the “Rule”) closed on September 15, 2022 after the FTC declined in August to extend it. In addition, AFSA and CBA provided practical suggestions and changes to the proposed Rule.

Regulation 148

Regulation Groups Retail Customer Experience 148

PYMNTS

NOVEMBER 11, 2020

The regulations will also hit Alibaba’s Ant Group, which took a beating last week after the government suspended its planned initial public offering (IPO). For example, the definition of “relative market” means that companies in a “dominant position” if they control more than 50 percent of the market would come under the new regulations.

Regulation 239

Regulation Branding Apple Retail 239

PYMNTS

JANUARY 7, 2020

Pivotal Research Group Senior Analyst Michael Levine upgraded the stock to a buy rating, but said that regulatory concerns were definitely an issue to watch. Last month, Google CEO and Co-founder Larry Page gave up his CEO job to Sundar Pichai, the former CEO of Google.

Regulation 130

Regulation Google Groups Company 130

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

PYMNTS

JANUARY 29, 2020

The government’s policy and its regulations should be well known before enforcement happens, the policy said. said that national policy might not be enough in terms of crypto regulation. . “We Public statements, whether through the press or formal speeches, are helpful but are not official statements of application by the agency.

Bitcoin 132

Bitcoin Regulation blockchain Delaware 132

Abrigo

APRIL 6, 2022

Takeaway 2 The change includes an obligation to inform regulators of a “notification incident” ASAP and no later than 36 hours after a reportable event occurs. Background Historically, the federal banking regulators required financial institutions to file two types of reports for certain cybersecurity incidents.

Security 195

Security Regulation District of Columbia United States 195

PYMNTS

SEPTEMBER 30, 2018

Ireland’s Data Protection Commission, which is Facebook’s lead privacy regulator in Europe, has requested more information from the company about the breach, including which EU residents might be affected. billion if regulators find the company violated the bloc’s strict new data privacy law. It could fine Facebook as much as $1.63

Data 181

Data social media Regulation Conference 181

PYMNTS

JULY 2, 2020

Roberto Campos Neto also said in a webcast reported via the Congresso Em Foco news site that the government never blocked the service, which Facebook shut down last week — just days after launching it — due to what reports at the time said was a mandate from banking regulators. This news is not true,” he continued.

social media 232

social media Payments Operations Data 232

PYMNTS

AUGUST 7, 2020

They are definitely more agile. They’re definitely faster. And they have fewer rules and regulations to comply with, which keeps us on our toes.”. So, there’s definitely an opportunity and a threat at the same time.”. We are actually able to attract talent from them and compete with them on talent,” he explained. “We

Payments 301

Payments Fintech Innovation US 301

PYMNTS

MARCH 19, 2019

In addition, Guo noted that many of the businesses that started as part of Dianrong’s expansion have now become “heavy burdens with unbearable high costs” due to the regulations. We hope regulators can give the industry a clear and definite timetable, and give guidance and a ray of hope for companies that stick to compliance,” Guo said.

Regulation 138

Regulation Lending Regional Industry 138

PYMNTS

MARCH 25, 2019

The bipartisan bill proposes several changes to how connected devices are treated, including general recommendations, standards and regulations for greater user protections. I think we’re rapidly approaching a world in which [regulations are] going to start happening more regularly.”. IoT security in a connected world.

Security 205

Security Data Regulation Washington 205

PYMNTS

DECEMBER 23, 2020

The road to mainstream acceptance of cryptocurrencies will still have its bumps, its potential roadblocks set in place from regulators. At the heart of it all might lie a jousting existential in nature — namely, between the companies that create and issue cryptos and the agencies that regulate them.

cryptocurrency 234

cryptocurrency Security Bitcoin Regulation 234

Abrigo

JANUARY 24, 2025

While the delinquency numbers are favorable at this point for the bank lenders as compared to CMBS, if you look in their portfolios, there are some markets that are heavily criticized, and those loans, by definition, at some level will convert to delinquency, he said.

Lending 221

Lending Trends Risk Management Management 221

CFPB Monitor

DECEMBER 23, 2021

As defined by Regulation B, an “applicant” includes “any person who requests or who has received an extension of credit from a creditor.” Both the ECOA and Regulation B require a creditor to provide a statement of the reasons for adverse action to an “applicant.”. 1691a(b). In Fralish v. Capital One, N.A. ,

Regulation 148

Regulation Cards America Capital 148

PYMNTS

OCTOBER 23, 2018

Open Banking regulations have gotten FinTech innovators’ brains churning over how to take advantage of the troves of data that traditional banks have typically kept locked away. With regulations like PSD2 and Open Banking emerging as ways to boost financial services competition, the bank-FinTech relationship has taken center stage.

Data 177

Data System Regulation Security 177

Abrigo

MARCH 24, 2021

Anti-Money Laundering Act of 2020 BSA professionals should prepare for changes as new regulations and guidance from FinCEN unfold. Takeaway 2 While the AMLA is now law, regulations, guidance, and other information still needs to be written. These include conducting studies, writing regulations, and publishing guidance.

Regulation 195

Regulation Training Study Policies 195

Abrigo

APRIL 12, 2021

Definition of LOS. Another factor to consider in the “build vs. buy” argument is that any loan origination system must comply with current regulations and industry standards. Some third-party vendors are regulated by the Federal Financial Institutions Examinations Council (FFIEC). Credit Risk Regulation. keep me informed.

System 338

System Lending Software Analysis 338

PYMNTS

DECEMBER 9, 2020

The ministry said that policymakers have to consider the basis for new regulations that mirror the evolving nature of economic activity in the digital era. The ministry acknowledged in its report that there is not a single definition that can describe the sharing economy. Comments will be accepted through March 3, 2021.

Taxes 160

Taxes Analysis Compliance Report 160

BankBazaar

DECEMBER 2, 2024

While these regulations are designed to uphold the integrity of the financial system and prevent illicit activities, they are not intended to discourage legitimate transactions. The Income Tax Department (ITD) employs stringent regulations to monitor high-value financial transactions to prevent tax evasion and money laundering.

Taxes 78

Taxes Cards Regulation Report 78

PYMNTS

JANUARY 17, 2020

The firm also said the movement to those two exchanges may come as a surprise, as those two exchanges are among the largest, and are subject to know your customer (KYC) regulations. must begin regulating cryptocurrency assets with the same regulations that govern banks and other financial firms. A week ago, on Jan.

Study 144

Study cryptocurrency Bitcoin Regulation 144

PYMNTS

JUNE 19, 2019

Carney explained that if Libra was immediately popular with users “it would instantly become systemic and will have to be subject to the highest standards of regulation.”.

cryptocurrency 193

cryptocurrency Groups Meeting System 193

Abrigo

SEPTEMBER 1, 2021

The most common is known as a trade-based money laundering (TBML) scheme. FICO explains: “In its simplest definition, TBML is the process of disguising the proceeds of crime and moving value (i.e., Financial institutions can expect additional scrutiny from regulators and auditors on EDD processes and high-risk customer monitoring.

Training 195

Training Regulation Community Austin 195

PYMNTS

DECEMBER 16, 2020

I think a lot of concerns with mobile is just how they are regulated and how those funds are protected, both with fraud and with deposits and that sort of thing. There are still several factors to analyze before mobile disbursements can be widely applied, however. Mobile is] worth exploring,” Jun said. “I

Mobile 234

Mobile Tools System Regulation 234

PYMNTS

DECEMBER 5, 2018

There are definite consequences for the company. In addition to the monetary consequences, Marriott now has to deal with multiple investigations, from the state attorneys general to European regulators and even the Senate Commerce Committee , which set a date of Dec. You do expect there will be material costs associated with this.”.

Data 186

Data Conference Tools Security 186

Abrigo

FEBRUARY 10, 2022

The definition of who is considered a beneficial owner is expanded. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation. The notice is open for public comment until February 7, 2022. Who is a Beneficial Owner? Current beneficial ownership requirements. Download this CDD checklist. BSA Training.

Training 195

Training Regulation Report Compliance 195

BankInovation

AUGUST 13, 2021

Definitions, clarifications and other non-obligation material make up 65% of the information in regulations. That means banks and other regulated industries — and more specifically, their lawyers — spend hours combing through information in search of actionable items, according to […].

Compliance 98

Compliance Regulation Industry 98