PYMNTS

SEPTEMBER 20, 2019

The lawsuit, which alleges that Ripple illegally sold unregistered securities related to the XRP cryptocurrency, could have some repercussions in the crypto world. Specifically, it could change how cryptocurrency is viewed going forward, as it seeks to answer the question of whether digital coins should be viewed as securities or not.

Security 136

Security Oakland cryptocurrency California 136

PYMNTS

JUNE 14, 2018

The Securities and Exchange Commission’s (SEC) leading authority on bitcoin, cryptocurrency and initial coin offerings (ICOs) has ruled that some well-known cryptocurrencies like bitcoin and Ethereum are not securities. As such, they can expect to come under the regulatory control of the SEC and relevant securities laws.

Bitcoin 159

Bitcoin Security San Francisco cryptocurrency 159

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

MARCH 14, 2019

The same should be true of securing individual data, he said, but consumers are a little more complicated and have demands far more varied by context. One axis is high value or high risk,” Maloney noted, “another axis is the need for compliance or highly regulated. The sweet spot there, obviously, is high value and highly regulated.”.

Innovation 148

Innovation Security Google Technology 148

CFPB Monitor

DECEMBER 2, 2021

As anticipated, the OCC, Federal Reserve Board, and FDIC recently approved and released the Final Rule Requiring Computer-Security Incident Notification (“Final Rule”). The Final Rule is designed to promote early awareness and stop computer security incidents before they become systemic.

Regulation 78

Regulation Report FDIC Security 78

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

APRIL 25, 2019

This is especially true in areas like the European Union, where the General Data Protection Regulation ( GDPR ) is changing how customers and corporates approach data sharing. Security and the Homesharing Platform. The company also works with several security providers to ensure users’ payments remain safe.

Security 100

Security Data Regulation Mobile 100

CFPB Monitor

AUGUST 25, 2022

On August 8, 2022, the District of Columbia Department of Insurance, Securities and Banking (the Department”) issued a Bulletin on money transmission (the “Bulletin”). The court therefore relied on the common definition of the term “money,” namely a “medium of exchange, method of payment or store of value.” Code §26-1001 et seq.,

District of Columbia 78

District of Columbia Security Bitcoin cryptocurrency 78

CFPB Monitor

JUNE 15, 2022

The California Department of Financial Protection and Innovation (DFPI) has issued final regulations to implement SB 1235, the bill signed into law on September 30, 2018 that requires consumer-like disclosures to be made for certain commercial financing products, including small business loans and merchant cash advances. .

California 78

California Regulation CA Utah 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

Abrigo

SEPTEMBER 6, 2024

Takeaway 3 By staying vigilant and adopting a proactive approach, financial institutions can create a more secure real estate environment that safeguards against money laundering. Real estate money laundering is a serious issue that has become increasingly prevalent in recent years, although it is one of the oldest forms of money laundering.

Compliance 195

Compliance Training Fraud Regulation 195

PYMNTS

MARCH 6, 2019

The Federal Trade Commission (FTC) has requested comment on the proposed amendments of two rules that protect the privacy and security of customer data held by financial institutions (FIs). The Safeguards Rule, which went into effect in 2003, requires FIs to develop, implement and maintain a comprehensive information security program.

Security 151

Security Exercises Data Trends 151

CFPB Monitor

NOVEMBER 8, 2021

The law contains exemptions and carve-outs for, among other things, depository institutions, financings of more than $500,000, closed-end loans with a principal amount of less than $5,000, and transactions secured by real property. Comments on the fourth modifications are due by November 22, 2021.

CA 78

CA Regulation California Compliance 78

CFPB Monitor

FEBRUARY 13, 2020

On February 7, 2020, the California Attorney General’s (AG) Office released modifications to the proposed regulations to the California Consumer Privacy Act (CCPA). The modifications incorporate amendments to the CCPA signed into law after the AG’s Office issued the proposed regulations in October 2019. Removal of Webform Requirement.

California 78

California Regulation Compliance Guidelines 78

PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. The updated regulations are slated to take effect Oct. Around the Digital Banking world.

Regulation 100

Regulation Cards Digital Banking social media 100

PYMNTS

JULY 24, 2018

Turns out the debate over whether it is or isn’t a security is having a knock-on effect: It’s making the XRP token’s price less than … well, secure. Rumors that the token can and will be classified as a security here in the States. Rumors that the token can and will be classified as a security here in the States.

Security 101

Security California Bitcoin Taxes 101

CFPB Monitor

OCTOBER 28, 2019

Final regulations adopted by the New York Department of Financial Services (NYDFS) to implement the state’s new student loan servicing law became effective on October 16, 2019 upon the publication by the NYDFS of a Notice of Adoption in the State Register. Definition of “student loan.” Handling of nonconforming payments.

New York 60

New York Regulation Policies Payments 60

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

Perficient

MARCH 1, 2021

The secret to understanding timing and creating truly impactful communications hinges on a deeper understanding of HIPAA’s definition of marketing. Most of us have had to go through HIPAA training, and we understand about data-security and protected information. HIPAA was created nearly 25 years ago.

Marketing 508

Marketing Training Data US 508

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

PYMNTS

NOVEMBER 14, 2019

Securities and Exchange Commission (SEC) that its cryptocurrency is a security. The company’s legal team tried to persuade the district court of the Southern District of New York that the SEC’s case was void because the legal definition of an “investment contract” is unclear. The judge hearing the case, P.

Security 100

Security Marketing New York Bitcoin 100

PYMNTS

SEPTEMBER 22, 2016

Definitely for it,” said Siddhartha Sharma, chief technology officer at Hedgeable. From an entrepreneur’s standpoint, it removes bureaucracy and regulation upfront, while gauging customer interest, and enables them to focus on product development.”. Earlier this month, Hong Kong launched its own sandbox initiative.

Regulation 100

Regulation Fintech Innovation Bitcoin 100

CFPB Monitor

DECEMBER 5, 2022

The CFPA provides that the CFPB has “no authority to exercise any power to enforce this title with respect to a person regulated by the [SEC].” The SEC found that such accounts fell within the definition of “securities” in the Securities Act of 1933 and the Securities Exchange Act of 1934.

Regulation 78

Regulation Exercises Security Lending 78

PYMNTS

JANUARY 19, 2018

Fizzle of the Week: Cryptocurrency Regulation. The saga over bitcoin and its relationship to various regulators has become something of the payments answer to a romantic comedy. But the idea that regulators can wave a wand and make bitcoin go away? Easy come, easy crypt-go, it seems. They may have some luck. As for next week?

Bitcoin 123

Bitcoin Regulation cryptocurrency Taxes 123

PYMNTS

JUNE 8, 2020

Buonomo said digital currency could have its benefits, including better security than the oft-hack-prone traditional banks and a lack of the cumbersome fines and fees the traditional banks often put on customers’ shoulders. One way Buonomo could see it being done is if a new cryptocurrency were created and issued by a central bank.

blockchain 338

blockchain cryptocurrency Maine National 338

CFPB Monitor

JUNE 14, 2021

The new law became effective immediately upon signing notwithstanding the authority it gives the Illinois Department of Financial and Professional Regulation (“IDFPR”) to adopt rules “consistent with [the] Act.”. Proposed Regulations. The IDFPR has proposed regulations to implement the Act.

Illinois 78

Illinois Regulation Report Lending 78

PYMNTS

MAY 9, 2016

To find out what, exactly, is motivating the industry to self-regulate, PYMNTS spoke with OnDeck Vice President of External Affairs and Associate General Counsel Daniel Gorfine. Is the alternative lending space concerned about incoming regulation? Is the alternative lending space concerned about incoming regulation? “No,

Regulation 100

Regulation Lending Industry Capital 100

PYMNTS

JUNE 8, 2016

regulators issued a stern warning to banks to be on the lookout for cyberthreats in the aftermath of the Bangladesh cyberheist , where $81 million was taken without a trace from the central bank’s account at the NY Fed. On Tuesday (June 7), U.S. He has knowledge of the case but has not been directly involved.

Regulation 100

Regulation New York System Groups 100

CFPB Monitor

SEPTEMBER 24, 2015

The CFPB has issued a final rule that revises the definitions of “small creditor” and “rural areas” under Regulation Z of the Truth in Lending Act (TILA). The CFPB created special small creditor provisions with regard to certain Regulation Z requirements. Wendy Tran and Richard J. Andreano, Jr. Census Bureau.

Operations 60

Operations Regulation Meeting Payments 60

CFPB Monitor

DECEMBER 8, 2022

In early November, Pennsylvania amended its data breach notification law broadening the definition of personal information. Coupled with this addition is a breach notification exception for businesses that are (1) subject to and (2) in compliance with HIPAA’s privacy and security standards.

Pennsylvania 78

Pennsylvania Data California Compliance 78

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

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.

Regulation 122

Regulation United States Community Bank National 122

PYMNTS

SEPTEMBER 29, 2020

What has shifted most during the pandemic are consumers’ views on the data privacy and online security standards attached to these digital transactions, Oren Paran , managing director for Israeli retail startup firm Retail Innovation Club , explained in an interview with PYMNTS. under the GDPR. Joining the Global Open Banking Push.

Payments 172

Payments Online Regulation Retail 172

PYMNTS

JANUARY 8, 2020

Check Point, a cybersecurity company based out of Israel, recently released research highlighting numerous security flaws in the popular smartphone app TikTok , which is incredibly popular with teenagers and one of the most downloaded apps in the world, according to a report by The New York Times on Wednesday (Jan.

Company 131

Company New York Video Security 131

PYMNTS

NOVEMBER 6, 2018

The standards put forth by the PCI Security Standards Council – the PCI Data Security Standards – offer a framework for ensuring data security, and they must be followed in order to avoid fines and other penalties. PCI compliance is vitally important for businesses that process credit cards. Gearing up for GDPR.

Data 179

Data Compliance Security eBook 179

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

CFPB Monitor

NOVEMBER 22, 2022

As previously reported in February 2019 federal regulators issued a joint final rule (the “Joint Final Rule”) to implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 (the “Act”) that require regulated financial institutions to accept private flood insurance policies.

Policies 148

Policies Meeting Exercises Regulation 148