PYMNTS

MAY 19, 2016

The agencies said that the interagency guidelines state that the banks should “avoid or reconcile” what is credited to a customer account and how much was deposited. the National Credit Union Administration, the Office of the Comptroller of the Currency and the Federal Reserve. That points to some of the limitations of technology.

Guidelines 100

Guidelines Policies National Regulation 100

PYMNTS

JULY 29, 2016

A Cabinet document laid out the guidelines for registrations, fares, employment of drivers and how much they should get paid. According to a report , China’s Cabinet released its first rules governing ridesharing, telling local officials on Thursday (July 28) they should move full steam ahead to promote the industry made famous by Uber.

Guidelines 100

Guidelines Industry Regional Operations 100

PYMNTS

DECEMBER 8, 2020

Cybercriminals are constantly one step ahead of government regulators, developing new and inventive schemes faster than the authorities can quash them. Some exchanges even deliberately avoid having KYC systems by obfuscating their country of origin to make it harder for regulators to impose national compliance guidelines.

cryptocurrency 261

cryptocurrency Mobile Compliance Analysis 261

Abrigo

DECEMBER 14, 2014

Many would point to imprudent lending standards as a leading cause of the financial crisis of 2008, and in turn, financial institution regulators have since bolstered lending standards and capital thresholds as a preventive measure against a similar crisis.

Guidelines 223

Guidelines Payments Lending Capital 223

PYMNTS

MAY 20, 2020

TIPS is a real-time payments network that the ECB created to build a more streamlined, interoperable Pan-European instant payments rail — one that allows for funds to be transferred quickly and seamlessly among all EU nations on a 24/7 year-round basis. Official guidelines and regulations can only go so far, however.

Payments 210

Payments Guidelines Regional Strategy 210

PYMNTS

APRIL 10, 2017

New York’s financial regulator had a bold claim to offer over the weekend — she claimed that other states should use New York’s sweeping cybersecurity rules as a model for how insurers must protect their networks from hackers. New York also has clear guidelines for when and how firms have to report when there are hacks. “We

New York 110

New York Regulation Denver Guidelines 110

PYMNTS

SEPTEMBER 21, 2018

The SBA issued guidelines to Swiss banks in an effort to support those innovators’ access to bank accounts, reports said, noting that financial institutions (FIs) have been reluctant to provide banking services to these startups for fear of anti-money laundering (AML) non-compliance. Reports in Reuters on Friday (Sept.

blockchain 187

blockchain Guidelines cryptocurrency Innovation 187

PYMNTS

JUNE 18, 2019

Two lawmakers want to pass an amendment that aims to stop a massive data collection program run by the National Security Agency (NSA). The bipartisan amendment wants to defund the program unless the government vows that it won’t intentionally collect data of Americans, including emails, messages and browsing data, without a warrant.

Guidelines 123

Guidelines Data United States CA 123

PYMNTS

OCTOBER 11, 2018

The People’s Bank of China has announced new anti-money laundering (AML) and counter-terrorism financing regulations for online financial institutions (FIs). The European Commission (EC) is even planning to provide EU states with guidelines for handling national schemes to sell passports and residency permits to wealthy foreigners.

Regulation 108

Regulation Online Bitcoin Guidelines 108

PYMNTS

JUNE 16, 2020

They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. In addition, National Cyber Security Alliance Executive Director Kelvin Coleman said in his testimony that Congress “should consider making game-changing investments in cybersecurity awareness and education.”

US 227

US Cyber Security Security National 227

Bobsguide

OCTOBER 16, 2018

When the Financial Stability Board (FSB) published its guidelines to national and regional regulators to encourage greater oversight into financial markets, even they couldn’t foresee the deluge of rules and compliance requirements those regulators would begin to craft. In Europe, the most.

Guidelines 115

Guidelines Report Data Regional 115

PYMNTS

AUGUST 5, 2020

The National Payments Corporation of India (NPCI) certified to the Supreme Court that WhatsApp has “localized five data elements” identified by the banking regulator. ” In February, WhatsApp Pay was approved by Indian regulators for a phased-in implementation, PYMNTS reported.

Payments 174

Payments Guidelines Regulation National 174

Abrigo

JUNE 12, 2023

A regulatory baseline Benefits to adopting the model money transmitter act framework Money transmitters are regulated at the state level, and the absence of a standardized licensing and regulatory framework across states can lead to consistency and challenges for money transmitters. alone, handling $6 trillion in payments.

Compliance 195

Compliance Fraud Regulation Guidelines 195

The Paypers

DECEMBER 28, 2018

(The Paypers) The national food regulator Food Safety and Standards Authority of India (FSSAI) has issued revised guidelines to step up scrutiny of ecommerce food companies.

Guidelines 53

Guidelines Regulation Company National 53

PYMNTS

JULY 9, 2020

A new rule from the United Nations will require connected cars sold in Japan, South Korea and the European Union, among other places, to be protected against cyberattacks, The Wall Street Journal (WSJ) reported. Japan said it would begin implementing the rules next year, and South Korea plans to introduce some regulations this year.

Security 146

Security United States Guidelines Texas 146

PYMNTS

JANUARY 23, 2020

New guidelines from the European Union (EU) allow for countries to restrict or exclude “high-risk” 5G providers from important parts of their telecom networks, according to Reuters. These guidelines warn about security interference from a third country in the supply chain of 5G networks, as well as the dangers of relying on only one vendor.

Guidelines 131

Guidelines Security Operations National 131

Abrigo

JANUARY 21, 2020

Despite Federal ambiguity, State Regulators are beginning to clearly define their stances on cannabis banking. State Banking Regulators. I believe we will see more state banking regulators join them in 2020. National Credit Union Association. Compliance and anti-money laundering (AML) is going green… or is it? Conclusion.

United States 243

United States New York Regulation Industry 243

PYMNTS

NOVEMBER 7, 2019

Many expanding technologies raise ethical implementation concerns, and digital ID’s extraordinary potential means coordinating clear and internationally accepted guidelines is increasingly necessary. Proposed ethical guidelines. as a guideline. Ethical problems facing digital ID. Ethical digital ID success stories.

System 131

System Guidelines National Online 131

Abrigo

JANUARY 3, 2024

Takeaway 2 A December 2023 final rule establishes guidelines for who may access BOI and for what purposes. 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.

Fraud 221

Fraud Regulation Report Compliance 221

PYMNTS

OCTOBER 9, 2018

Reuters , citing a statement from WhatsApp, reported the company confirmed it built the system in response to India’s payment data guidelines. WhatsApp, Facebook’s messaging app that is trying to make inroads in the digital payments market in India, has created a system to store payment data locally in India.

Data 140

Data Guidelines System Google 140

Abrigo

JULY 29, 2021

For this reason, FinCEN included this as a priority and a core national security concern for the United States. The Priorities emphasize this, and regulators will be expecting corruption to be part of an institution’s risk assessment. . BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation.

United States 195

United States Training Community Policies 195

PYMNTS

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. Brazilian lawmakers have been developing open banking plans since 2019, for example, outlining rough guidelines to be enacted late this year.

America 165

America Regulation Regional Tools 165

PYMNTS

NOVEMBER 13, 2018

And when national supervisors do not act within deadlines, EBA could force a bank “to take all necessary action to comply with its obligations.”. The move comes after a series of money-laundering scandals in the EU that forced regulators into action.

Guidelines 128

Guidelines National Regulation Security 128

PYMNTS

FEBRUARY 24, 2017

In the international market, the past few weeks have also seen a number of propositions and efforts by various global governments, financial regulatory bodies and other organizations to work toward bitcoin regulation. Bitcoin exchanges will also be subject to annual fee services.

Bitcoin 194

Bitcoin St. Louis Las Vegas cryptocurrency 194

PYMNTS

NOVEMBER 29, 2018

As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The sandbox, Reuters reported, has four phases.

Fintech 167

Fintech Guidelines Mobile Examples 167

PYMNTS

APRIL 7, 2017

A bill that would encourage SMEs to follow cybersecurity guidelines is making its way through Congress as an addition to existing legislation encouraging the same of large corporates. According to reports, the Senate Committee on Commerce, Science and Transportation discussed the legislation Wednesday (April 5).

Guidelines 128

Guidelines Maine Software National 128

South State Correspondent

MAY 30, 2024

We work with well-known national CPA firms that specialize in working with banks specifically to claim their ERC tax rebate. In the context of IRS guidelines, a ‘more than nominal’ impact is generally understood as a 10% or more reduction in the ability to provide goods or services.

Georgia 195

Georgia Alabama New Jersey Taxes 195

CFPB Monitor

AUGUST 9, 2019

The Bulletin rescinds and replaces an attachment to OCC Bulletin 1996-11 entitled “Community Reinvestment Act: Guidelines for Requesting Designation as a Wholesale or Limited-Purpose Institution.”

Guidelines 60

Guidelines Community National Regulation 60

PYMNTS

MAY 27, 2020

CUs are also faced with the challenge of how to adjust their operations to match new legal regulatory requirements, such as those stipulated in the CARES Act, and the Credit Union National Association (CUNA) hopes to help.

ATM 243

ATM Innovation Meeting United States 243

Abrigo

FEBRUARY 24, 2020

Despite Federal ambiguity, Illinois State Regulators defined their stances on cannabis banking. Illinois State Banking Regulators. As of July 2019, the Illinois Department of Financial and Professional Regulation (IDFPR) cannot penalize or discourage a state bank or credit union solely for providing financial services to CRBs.

Illinois 195

Illinois Regulation United States Industry 195

PYMNTS

JULY 31, 2019

China’s banking regulation is in-flux. This week, JPMorgan Chase announced plans to take advantage of China’s new position on foreign competition, vowing to go “full force” in the nation. More recently, the CBIRC has expanded on those efforts to open China’s banking sector to foreign competition.

Lending 134

Lending Policies National Guidelines 134

PYMNTS

AUGUST 29, 2018

When trying to understand the new eIDAS regulations set to go officially online in the EU in September, it helps, Trulioo GM Zac Cohen told Karen Webster, to take a step back and look at the general purpose of the European Union. A Changing EU (and Landscape).

Regulation 164

Regulation Guidelines Trends Online 164

PYMNTS

APRIL 19, 2016

Payments technology developers and regulators are beginning to voice their support for ISO 20022, the payments messaging standard that proponents say can streamline global payments with an easier way to link data to a transaction. Its first guidelines focus on interbank messaging, key in cross-border B2B payments.

Guidelines 100

Guidelines Operations National Payments 100

PYMNTS

APRIL 20, 2016

As the nation waits and drama builds over expected new guidelines from the Consumer Financial Protection Bureau on short-term lending, the government watchdog has issued a new report that indicates that the high cost of payday loans is even higher than most people think.

Study 100

Study Lending Guidelines Survey 100

PYMNTS

OCTOBER 8, 2020

FDIC), National Credit Union Administration and Office of the Comptroller of the Currency — urged bankers to begin offering such small-dollar loans to help consumers deal with temporary cash flow problems. Federal regulators followed that up in May with an additional nudge to banks laying out detailed guidelines for such small loans.

Charlotte 131

Charlotte America FDIC Guidelines 131

PYMNTS

DECEMBER 19, 2018

As has been reported, the Korean Bar Association has urged the government to put blockchain regulations in place. Coindesk reported that a doubling of blockchain pilots may be seen in the public sector through the next year, and there may be three private national blockchain projects in the offing.

blockchain 155

blockchain Guidelines Report Regulation 155

PYMNTS

SEPTEMBER 4, 2020

In addition, The Rink, the 33,000-square-foot space National Hockey League regulation-size ice skating rink, will also open. Still, the mega-mall has a list of guidelines for customers. Both amusements opened last fall but closed after six months when the mall was closed to prevent the spread of the coronavirus.

New Jersey 141

New Jersey Minnesota Guidelines Groups 141