CFPB Monitor

NOVEMBER 28, 2022

On November 17, 2022, the Consumer Financial Protection Bureau (“CFPB”) announced in a blog post that it is in seeking to build a new data set that “will allow for a more robust understanding of market trends” in the auto market. But, despite its size, we know much less about the auto lending market.

Data 147

Data Marketing Lending Trends 147

American Banker

AUGUST 8, 2023

The payment giant's entry into the stablecoin market is expected to renew the debate over the appropriate regulatory oversight for digital tokens. It could also have ripple effects in areas such as the debate over instant payments.

Washington 36

Washington Marketing Payments cryptocurrency 36

PYMNTS

APRIL 16, 2018

HP is reportedly stepping into the cannabis industry with a new partnership to provide businesses with financial management software, according to The Washington Post. The Washington Post noted that HP is likely going after a massive financial opportunity as the legal cannabis space expands in the U.S.

Software 102

Software Marketing Washington Compliance 102

PYMNTS

OCTOBER 21, 2016

In a letter to the FTC , Johnson pointed to a Washington Post report earlier in the year that showed a number of developers have raised concerns about anticompetitive practices, including “onerous conditions” applicable to competing apps, that could create an uneven playing field. “It

Regulation 100

Regulation Washington Google Apple 100

Long Lasting Ideas

JUNE 8, 2016

Often in this space, we’ve written about how Washington has made community banks its personal punching bag. Sarbanes-Oxley, Dodd-Frank, the FDIC and other financial regulators – as well as Congress and the White House — have not been friendly to community banks, all while bailing out Wall Street big boys.

Washington 40

Washington Community Bank Community Marketing Strategies 40

Abrigo

FEBRUARY 25, 2022

Takeaway 3 Keep an eye on updates to changing markets, including cannabis and antiquit ies trading . The year 2021 saw a continuation of pandemic policies and changes, a new administration in Washington , and regulatory reform from the Financial Crimes Enforcement Network ( FinCEN ). What to Watch.

Regulation 195

Regulation Policies Compliance Washington 195

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. The bank is one of several newly proposed community banks in the region, with goals of disrupting the financial services landscape, including business and corporate banking.

Community Bank 122

Community Bank Community FDIC Marketing 122

PYMNTS

DECEMBER 9, 2020

While DashPass is a premium marketing offering and provides benefits to many restaurants, we have decided to not charge DC restaurants their contractual DashPass rate at this time. Washington state became an example late in November and joins New York City as well as New Jersey. billion valuation.

DC 226

DC District of Columbia New York City New Jersey 226

PYMNTS

OCTOBER 3, 2019

Representatives from all 28 Libra backers were set to meet in Washington on Thursday (Oct. It doesn’t seem that there was a lot of pre-work done with regulators,” the source of the information told the times. The currency has been criticized by regulators around the world.

Meeting 172

Meeting Regulation Washington cryptocurrency 172

PYMNTS

APRIL 14, 2020

The Financial Stability Board (FSB) – the regulatory watchdog of the Group of 20 (G-20) – warned global regulators that possible stablecoin disruptions should be addressed before Facebook’s Libra is released, according to a consultation report released on Tuesday (April 14).

Meeting 181

Meeting Washington Regulation Groups 181

PYMNTS

NOVEMBER 26, 2020

With regulators cracking down in China, FinTech leaders are scrambling for capital and trying to plan their futures, Bloomberg reported Wednesday (Nov. Earlier this month, China debuted drafts for new rules for eCommerce companies, with the goal of trying to cut down on monopolistic power, PYMNTS reported.

Industry 152

Industry DC Regulation Washington 152

CFPB Monitor

OCTOBER 24, 2023

The Department of Justice (DOJ) announced a settlement agreement with Washington Trust Company, of Westerly (WTC) to resolve claims that WTC redlined majority Black and Hispanic neighborhoods in Rhode Island. for its peer lenders, and on average 46.5% for its peer lenders, and on average 46.5%

Rhode Island 158

Rhode Island Washington Community Marketing 158

PYMNTS

FEBRUARY 19, 2019

Reports said Powell noted that looser community bank regulations may help keep branches open. Earlier this month, separate reports revealed that MOXY Bank has been approved by the Federal Deposit Insurance Corporation (FDIC) to launch in Washington, D.C., Bank mergers aren’t the only factor behind closing bank branches, however.

Marketing 108

Marketing Community Community Bank Industry 108

PYMNTS

MAY 28, 2019

The Washington Post reported late last week that the FTC has opened an investigation into potentially unfair contract terms imposed on small business borrowers by merchant cash advance companies and other small to medium-sized business (SMB) lending companies. The FTC’s Chopra spoke at a forum in Washington, D.C. ”

Washington 140

Washington New York Lending Regulation 140

PYMNTS

OCTOBER 3, 2019

Representatives from all 28 Libra backers were set to meet in Washington on Thursday (Oct. It doesn’t seem that there was a lot of pre-work done with regulators,” the source of the information told the times. The currency has been criticized by regulators around the world.

Meeting 152

Meeting Regulation Washington cryptocurrency 152

PYMNTS

MAY 8, 2019

Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). Chopra spoke at an agency forum in Washington, D.C.,

Lending 152

Lending Regulation Washington California 152

Perficient

AUGUST 26, 2022

Fixed income markets have continued to change dramatically since 2002, becoming more global while an increasing percentage of trades are made on or by electronic trading platforms. Current Time Requirements. The comment period expires on October 3, 2022.

Report 275

Report DC Security System 275

PYMNTS

SEPTEMBER 25, 2019

The bill was sponsored by Congressmen Ed Perlmutter of Colorado, Denny Heck of Washington, Steve Stivers of Ohio and Warren Davidson of Ohio, all members of the House Financial Services Committee. The legislation aims to ensure that state-authorized and regulated cannabis businesses are not forced to operate with cash only.

Ohio 235

Ohio Colorado Washington California 235

Jeff For Banks

AUGUST 2, 2014

My firm will occasionally provide feedback on correspondence to our clients'' regulators. I thought about what we should have said to the regulator, versus the sweet words I was encouraging our client to use. Below is a sample letter to your regulator, saying it like you mean it. Today we did just that. Truth is, I haven''t.

Regulation 89

Regulation DC FDIC Analytics 89

PYMNTS

FEBRUARY 19, 2020

The European Commission is planning a single European market for data, in hopes that by pooling talent, the region can compete with Big Tech in Silicon Valley and China, Reuters reported on Tuesday (Feb. The European Commission is also planning to devise leaner data markets focused on particular industries. .

Policies 151

Policies social media Data Washington 151

PYMNTS

DECEMBER 1, 2019

EU antitrust regulators are probing Google to see how the search giant uses and monetizes the data it collects on users, Reuters reported on Saturday (Nov. The preliminary investigation is ongoing,” the EU regulator told Reuters in an email. 30), citing the European Commission.

Google 151

Google Puerto Rico Data Alabama 151

PYMNTS

SEPTEMBER 15, 2020

India intends to propose legislation prohibiting digital currency trading, while other economies in Asia have opted to regulate the market, Bloomberg Qint reported. South Korea and Singapore regulate digital currency trades, while China recently let bitcoin be exchanged as virtual property instead of fiat currency.

Bitcoin 167

Bitcoin cryptocurrency blockchain Analytics 167

PYMNTS

MAY 15, 2020

San Francisco, Seattle, Washington, D.C. Trade groups and restaurant owners have lobbied for regulation of fees, arguing that their industry sees thin profit margins. It was trending that way, and off-premise has definitely been a growing segment of the market, but in the last few weeks, we’ve definitely seen an acceleration of that.”.

San Francisco 131

San Francisco New York City Seattle Washington 131

PYMNTS

OCTOBER 26, 2020

Google rivals who have complained for years about what they decried as a hands-off approach to the Silicon Valley giant from competition regulators around the world are beginning to sound a different theme following the recent Department of Justice lawsuit against the company, CNBC reported. alleged Google has abused its market powers.

Google 160

Google Washington Policies Meeting 160

PYMNTS

MAY 26, 2016

Sometimes slow news is good news for a sector, particularly one like the on-demand delivery market space, where recent news has surrounded a wave of firms flaming out. But Warren was only one of the sharing economy’s problems with regulation this week, as the ongoing drama in Austin demonstrates. The Big Austin Loss .

Regulation 100

Regulation Austin San Antonio United States 100

PYMNTS

NOVEMBER 16, 2020

Regulation. Tencent Holdings President Martin Lau said further regulations are needed in China to mirror a “new reality.”. As technology companies become bigger and more important to the economy, I would say more regulations to reflect the new reality are needed," Lau said, according to the report.

Maryland 151

Maryland Taxes Online Groups 151

PYMNTS

APRIL 1, 2020

The March 2020 Merchants Guide To Navigating Global Payments Regulations , a PYMNTS and Ekata collaboration, demystifies these data machinations as planet Earth and its humans and businesses battle a deadly mutation (COVID-19) and seek to restore bullishness across market. Know Your Customers’ Data. Sixty-three percent of U.S.

Compliance 153

Compliance Data Google Regulation 153

PYMNTS

OCTOBER 19, 2020

Regulation. Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. The new regulations would also reshape the manner in which these companies collect and harness information.

Taxes 143

Taxes Compliance Regulation Google 143

Payments Source

JUNE 24, 2019

The speed and the bipartisan nature of the demand for an investigation into Facebook's Libra are telling, giving ammunition to those who warned the cryptocurrency space is underregulated and unsafe.

Washington 74

Washington cryptocurrency Mobile Marketing 74

PYMNTS

FEBRUARY 11, 2020

The suit was the last big hindrance to the deal after it received the go-ahead from the Justice Department’s antitrust division and Federal Communications Commission (FCC) regulators. However, it still requires approvals from a federal judge in Washington as well as the utility board of California. close on Monday (Feb.

Mobile 151

Mobile Washington New York California 151

PYMNTS

OCTOBER 20, 2020

20, in a move that surprised maybe no one, the Justice Department filed an antitrust lawsuit in Washington, D.C. against Google, joined by 11 states attorneys general, alleging the tech giant has used its dominant position in the online search market unfairly against competitors. Tuesday, Oct.

Google 158

Google US United States Washington 158

PYMNTS

JANUARY 19, 2021

In today’s top news, LendingClub gets approval to acquire Radius Bancorp, and GDPR fines have escalated as European regulators step up enforcement. Fines levied under the General Data Protection Regulation (GDPR) jumped almost 40 percent in the past 12 months as European Union (EU) regulators stepped up enforcement efforts.

DC 142

DC Payments Fraud Regulation 142

PYMNTS

DECEMBER 18, 2019

watchdog Competition & Markets Authority (CMA) is questioning Google’s purchase of the analytics firm Looker Data Sciences and is launching an initial investigation, the Associated Press (AP) reported on Tuesday (Dec. billion takeover of Looker Data Sciences would result in less competition in the British market.

Puerto Rico 130

Puerto Rico Data Google Alabama 130

Independent Banker

SEPTEMBER 25, 2014

The better prepared, the less likely they are to run afoul of the continually shifting regulations. Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. Be aware of existing or emerging risk concerns. David Baris, regulatory consultant.

Compliance 101

Compliance Regulation Community Bank Community 101

PYMNTS

JULY 12, 2019

Lawmakers went on the assumption that reforming federal marijuana laws is a given and used the hearing to discuss regulation. State and federal regulation can ensure that those consumers are using safe products. Other figures also point to how much consumers are spending on legal retail pot.

Retail 154

Retail Colorado Regulation Compliance 154

PYMNTS

MARCH 25, 2019

as these devices multiply in number, with the Internet of Things Cybersecurity Improvement Act of 2019 currently making the rounds in Washington, D.C. The bipartisan bill proposes several changes to how connected devices are treated, including general recommendations, standards and regulations for greater user protections.

Security 205

Security Data Regulation Washington 205

PYMNTS

JUNE 13, 2019

“When considering the role of large tech companies in the market, it is essential Members of Congress think about small businesses’ deep connection to these companies. “This market is interconnected and big companies power growing companies to compete and win,” he added.

Groups 122

Groups Google Washington Conference 122