PYMNTS

NOVEMBER 23, 2017

Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. 22), regulators in the U.K., s National Cyber Security Centre to determine how large the breach was and how many people in the U.K.

Regulation 100

Regulation Cyber Security Connecticut Illinois 100

PYMNTS

NOVEMBER 30, 2017

Privacy regulators of the European Union said Wednesday (Nov. According to a news report in Reuters , European data protection authorities said regulators from France, Italy, Spain, Belgium, the U.K. But it’s not just European regulators who want answers from Uber. Meanwhile, regulators in the U.K., Lawmakers in the U.S.

Regulation 100

Regulation Connecticut Illinois Massachusetts 100

PYMNTS

FEBRUARY 15, 2018

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Can the states make licensing – of the money movement kind – any easier?

Washington 101

Washington Regulation Conference Fintech 101

CFPB Monitor

NOVEMBER 12, 2014

Mishkin Below is an update on the lawsuits we have been following that state attorneys general and a state regulator have brought using their Dodd-Frank enforcement authority. The Illinois AG has filed two lawsuits using her Section 1042 authority. In April 2014, the defendant removed the case to an Illinois federal court.

Mississippi 100

Mississippi Regulation Illinois Florida 100

PYMNTS

JULY 10, 2020

Regulation Vs. Market Forces. The need for both innovation and security comes at a time when open banking is gaining a foothold in the United States due in part to the pandemic. In recent years, we’ve seen the heavily regulated version of open banking in the E.U.,” Cohen said. Checks And Balances. They demand strong protocols.”.

Data 272

Data Innovation Fintech Illinois 272

PYMNTS

JUNE 12, 2017

In March, R3 announced the Illinois Department of Financial and Professional Regulation joined the R3 blockchain consortium. In its involvement, the Illinois regulator will be responsible for working with 80 financial institutions of R3’s membership to build out secure and scalable blockchain-based applications.

Illinois 109

Illinois blockchain Capital Regulation 109

PYMNTS

DECEMBER 12, 2018

However, with so much sensitive information being transferred with each transaction, the need to keep the data secure has never been greater. In the new Smarter Payments Tracker , PYMNTS explores the latest efforts by banks and businesses to keep payments data secure from fraudsters, cybercriminals and other bad actors.

Report 165

Report Payments Data Illinois 165

PYMNTS

MARCH 25, 2019

Beyond the CFPB, and at the state level in Illinois, a state Senate committee last week voted to approve legislation that would keep state banking regulators from punishing financial institutions, including banks and credit unions, for doing business with medical marijuana enterprises. This is still illegal federally.”

Lending 128

Lending Illinois Compliance Chicago 128

PYMNTS

AUGUST 26, 2019

The Swiss Financial Market Supervisory Authority (FINMA) has granted the first “banking and securities licenses” to two blockchain companies: SEBA Crypto AG and Sygnum AG. The exchange is already live in California, Washington and Illinois. The firms will be the first registered in Switzerland as broker-dealers with a blockchain focus.

Rhode Island 109

Rhode Island blockchain Bitcoin Montana 109

PYMNTS

SEPTEMBER 11, 2017

According to a news report in the The New York Post , hackers were able to steal customers’ data — including Social Security numbers — due to a weakness in open source software developed by Apache Software Foundation. In a press release detailing the security breach, the company said hackers potentially exploited a vulnerability in a U.S.

Software 165

Software New York Connecticut Security 165

Independent Banker

MAY 31, 2022

The community bank keeps a close watch on emerging threats experienced by other financial institutions, as well as security researchers’ discoveries through threat feeds. “If We would then assemble the incident response team, contact regulators and law enforcement and notify any customers who may have been exposed,” says Wyatt. “We

Community Bank 134

Community Bank Community Fraud Texas 134

CFPB Monitor

SEPTEMBER 25, 2019

Mr. Schneider most recently served as the Secretary of the Illinois Department of Financial and Professional Regulation. Schneider will serve as Associate Director in the Supervision, Enforcement and Fair Lending Division. He previously worked for the Walgreen Co. J ason Brown will serve as Assistant Director for Research.

Illinois 60

Illinois Lending Regulation Security 60

PYMNTS

APRIL 30, 2019

States are moving to tighten their biometric privacy laws, following the lead of Illinois, which has what are considered to be the strictest protections in the U.S. But in Meier’s view, the common, mundane phone number can help prevent such scenarios — and otherwise offer secure online transactions that have relatively low friction.

Fraud 161

Fraud Illinois Regulation Online 161

CFPB Monitor

FEBRUARY 3, 2022

Court of Appeals for the Third Circuit recently ruled that the application of Pennsylvania usury laws to vehicle-secured loans made to Pennsylvania residents who travel outside of Pennsylvania to obtain such loans does not violate the Commerce Clause of the U.S. Constitution. Mills , which it called “unpersuasive.”

Pennsylvania 147

Pennsylvania Analysis Security Indiana 147

PYMNTS

NOVEMBER 23, 2020

In terms of mechanics, he explained, having a national bank charter in hand from the OCC means Figure will not have to obtain licenses to provide financial services on a state-by-state basis, but instead will be enabled to deliver its offerings on a nationwide basis while tailoring its compliance to the mandates of the OCC as sole regulator.

National 215

National blockchain Montana Lending 215

PYMNTS

JUNE 15, 2018

Securities and Exchange Commission (SEC), said that his agency does not consider the digital currency to be a security. While SEC leaders have publicly labeled bitcoin as a commodity, this is the first clear statement by the financial watchdog on how they plan to regulate ether,” CNBC reported. The price of ether hit $520.88

Bitcoin 100

Bitcoin cryptocurrency San Francisco New York 100

CFPB Monitor

SEPTEMBER 5, 2019

Nick discussed the unit’s cooperation with federal regulators and other state regulators and its handling of various enforcement matters. He identified mortgage redlining, student loan servicing, and data security as priority areas for his unit.

Indiana 60

Indiana Pennsylvania Delaware Illinois 60

PYMNTS

MAY 3, 2016

“Since Uber management controls the fares charged for the service, drivers want and need security and protection,” the association said. Now, the San Francisco-based company is facing yet another class-action lawsuit from drivers in Florida and Illinois. ” “For many drivers, this is their livelihood.

New York 100

New York Massachusetts Groups Illinois 100

PYMNTS

DECEMBER 15, 2020

Six weeks after securing passage of the Proposition 22 ballot measure that overturned a California law requiring part-time workers to be reclassified as employees, two of its biggest backers have rolled out new fees to offset expenses related to additional worker benefits.

California 227

California New York Taxes Illinois 227

CB Insights

FEBRUARY 22, 2018

Digitized, secure, and tamper-proof blockchain ledgers are promising to disrupt the database as we know it. The bank also mentioned it is considering securing the custody of the coins. ILLINOIS GOVERNMENT PILOTING LEDGERS FOR LICENSING. EVERNYM IS WORKING WITH DEPARTMENT HOMELAND SECURITY AND ILLINOIS GOVERNMENT.

blockchain 78

blockchain Illinois cryptocurrency Industry 78

PYMNTS

JULY 20, 2017

As we reported just a few months back, this technology is set to disrupt the financial industry because it enables secure cross-border money transfers. One of the seemingly largest barriers for banks with blockchain technology are federal-level regulations. From the U.K. receiving £3.6 From the U.K. receiving £3.6

blockchain 105

blockchain Bitcoin Delaware Illinois 105

PYMNTS

DECEMBER 1, 2017

At the time, Uber – at the directive of its chief security officer – hid the breach and paid hackers about $100,000 to destroy the data. The ride-sharing company said that no Social Security numbers, credit card information, trip location details or other data were taken. Privacy regulators for the European Union said Wednesday (Nov.

New York 144

New York Data Regulation Washington 144

PYMNTS

MARCH 17, 2017

One of the recent groups to add their name to the list is the Illinois Department of Financial and Professional Regulation. In its involvement, the Illinois regulator will be responsible for working with 80 financial institutions of R3’s membership to build out secure and scalable blockchain-based applications.

Illinois 109

Illinois blockchain Regulation US 109

PYMNTS

FEBRUARY 22, 2019

For example, the Illinois Supreme Court ruled earlier this year that companies can be sued for biometric data collected without users’ consent. In those verticals, there is a continued and growing need to combat crime and terrorism and satisfy an environment zeroed in on anti-money laundering (AML) and Know Your Customer (KYC) regulations. “As

Data 130

Data Illinois Taxes Customer Experience 130

Celent Banking

APRIL 26, 2016

The TMC channel was a loyal companion during graduate school days at the University of Illinois, offering a comforting black and white backdrop to frequent all-day programming sessions, and today I frequently call on TMC to get me through my daily hour-long treadmill sessions. I'm a big fan of the old movie classics.

Chicago 100

Chicago Training Illinois System 100

PYMNTS

AUGUST 24, 2018

The company can do that because — after working with regulators before entering a specific state — it buys lotto tickets and keeps original paper tickets in a secure location, “which it also pays to insure, in case anything goes wrong at its holding facility. About a third of consumers between the ages of 20 and 35 buy lotto tickets.

Ohio 103

Ohio Mobile Cards South Carolina 103

Independent Banker

SEPTEMBER 21, 2015

ICBA’s compliance certification programs—similar to the training provided by the Community Banker University’s other certification programs covering lending, information technology and bank security—provide up-to-date information about regulatory issues while teaching practical knowledge and skills. Bank security. Compliance.

Compliance 70

Compliance Community Bank Community Training 70

Jeff For Banks

DECEMBER 12, 2017

Nasdaq: OSBC) Old Second is a single-bank holding company headquartered in Aurora, Illinois. That got regulator's attention in the form of a May 2011 Consent Order (CO). Please do not claim to invest in any security based on what you read here. (Nasdaq: MBTF) #5. BNCCORP, Inc. OTCQX: BNCC) Here is this year's list: #1.

Minnesota 60

Minnesota West Virginia Virginia Iowa 60

Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. Penetration testing, or pen testing for short, has become a staple of bank IT security programs because hacking threats are constantly evolving. Elizabeth Judd.

Community 139

Community Community Bank social media Security 139

CFPB Monitor

JANUARY 8, 2019

The new year heralds many new developments in the state regulation of student loan servicers. California, Illinois, and Washington have each taken significant steps in implementing their existing laws while legislation has been introduced in Virginia and New Mexico to regulate student loan servicers for the first time.

New Mexico 60

New Mexico Illinois Virginia Washington 60

Fintech Labs Insights

AUGUST 14, 2015

million), mobile security provider Tyfone ($6.6 HQ: Highland Park, Illinois. Mobile security & payments. Mobile & payment security . Tags: 500 Startups (accelerator), bitcoin, security, regulation. Total raised: $90 million. Source: Finovate. Maestro Health. Latest round: $35 million. Cloudability.

New York City 12

New York City Company Fintech New York 12

Fintech Labs Insights

APRIL 4, 2016

Bluefin Payments received $6 million to expand its secure payment system. HQ: Chicago, Illinois. Tags: SMB, payments, security, merchants, acquiring, FinDEVr alum. Stratumn grabbed $670,000 for its blockchain services. Here are the fintech deals by size from 26 March to 1 April 2016: Ceridian. Latest round: $10.03 EDJ Analytics.

New York City 12

New York City Company Fintech California 12

CB Insights

MAY 23, 2019

Zenefits skirts compliance regulations. After a comprehensive investigation by the Securities and Exchange Commission, Holmes was banned from the laboratory testing industry for two years and was ultimately charged with wire fraud by the Department of Justice in summer 2018. Zenefits skirts compliance regulations. The Outcome.

Fraud 78

Fraud Las Vegas Company Capital 78

PYMNTS

NOVEMBER 14, 2019

antitrust regulators are investigating Visa and Mastercard about their debit card policies, Bloomberg reported on Thursday (Nov. A 2010 law known as the Durbin amendment — named for Illinois Democrat Sen. The regulator has probed issues related to debit routing in the past. When chip cards began arriving in the U.S.

Cards 176

Cards Illinois Regulation Policies 176

CFPB Monitor

FEBRUARY 7, 2017

On February 3, 2017, the President issued an Executive Order titled “Core Principles for Regulating the United States Financial System.” The Executive Order is a high-level policy statement consisting of a series of Core Principles that are designed to inform the manner in which the Administration regulates the financial system.

Regulation 60

Regulation System United States Policies 60

CB Insights

AUGUST 25, 2017

As a digitized, secure, and tamper-proof ledger, blockchain could serve the same function, injecting enhanced accuracy and information-sharing into the financial services ecosystem. Elections require authentication of voters’ identity, secure record keeping to track votes, and trusted tallies to determine the winner. Healthcare.

blockchain 78

blockchain Industry Bitcoin Security 78

Abrigo

FEBRUARY 24, 2020

Despite Federal ambiguity, Illinois State Regulators defined their stances on cannabis banking. One of the biggest questions concerning Illinois Bank Secrecy Act (BSA) and AML professionals is how to handle cannabis and marijuana-related businesses (CRB/MRB) in a constantly changing legal landscape. If so, how do you bank them?

Illinois 195

Illinois Regulation United States Industry 195