PYMNTS

NOVEMBER 2, 2020

UN Committee Indicates Support For Initiative To Tax Big Tech In Developing Nations. The United Nation’s Tax Committee of Experts has indicated support for an initiative to assist developing nations in taxing Big Tech, Bloomberg Tax reported on Wednesday (Oct. The committee voted 12-10 Friday (Oct. and Facebook Inc. each month.

Taxes 212

Taxes National Regulation Google 212

PYMNTS

MARCH 20, 2020

The vice president of policy and legal affairs at DJI, Brendan Schulman, said the Federal Aviation Administration should “readily grant waivers on restrictions that might impede beneficial operations.” . There are many use cases for drones that can aid the nation,” said Lisa Ellman, the group’s executive director.

California 315

California Apple Policies National 315

Independent Banker

AUGUST 31, 2021

ICBA’s National Community Bank Service Award winners for 2021 demonstrate that when their local areas need support, community banks are there with innovative, compassionate and thoughtful responses. The community bank provided nearly 480,000 PPP loans totaling more than $13 billion to businesses across the nation. “I

Community Bank 196

Community Bank Community National Fresno 196

BankUnderground

NOVEMBER 2, 2022

Operational risk is rapidly becoming one of the most important threats to the financial system but is also one of the least well understood. But they are only one part of operational risk, which includes losses from any kind of business disruption or human error, including power outages or natural disasters.

Operations 126

Operations Policies System Regulation 126

PYMNTS

SEPTEMBER 5, 2019

This dual delivery system is suitable for our national conditions,” said Mu. “It Cielo’s devices operate across 5,500 municipalities in Brazil. As reported this past week, the European Central Bank (ECB) is being advised by ECB board member Yves Mersch that Libra could negatively impact the bank’s ability to set monetary policy.

cryptocurrency 245

cryptocurrency Policies social media United States 245

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). However, the banking industry doesn’t like that one bit. “We

Regulation 349

Regulation National System Industry 349

PYMNTS

SEPTEMBER 12, 2019

There are many forms of nationalism. Ethnic nationalism. Cultural nationalism. Now comes cryptocurrency nationalism? 10, 2020 if they wish to continue to operate there. It may not be far-fetched to think that closed-door policies would lead to further fragmentation in an already fragmented industry.

National 109

National cryptocurrency Policies Regulation 109

PYMNTS

MARCH 9, 2020

A French hospital, in one case, noted that nearly 2,000 surgical masks were removed from its main operating room, while a trauma doctor reportedly took 12 boxes of masks from a storage room at a hospital in Spain. All of the nation’s schools were previously shuttered until mid-March. Grant Shapps, U.K.

Policies 141

Policies New York San Francisco Seattle 141

Abrigo

FEBRUARY 6, 2024

Takeaway 3 The specific policy areas outlined below should be carefully considered by credit unions engaged in member business lending. In this blog post, we will delve into the strategies and policies credit unions can adopt to ensure the success and profitability of their MBL programs. Takeaway 2 Start slow.

Lending 222

Lending How To Risk Management Policies 222

PYMNTS

OCTOBER 21, 2020

The pandemic has shifted priorities in regulatory policy tied to the financial services industry — and for Europe, it is heralding the emergence of a data-driven economy. Maniati noted the transformation had been in place well before COVID and has stretched back over five years, but has seen some urgency in recent months.

Data 317

Data Regulation National Examples 317

PYMNTS

DECEMBER 4, 2020

The proof-of-concept was run in partnership with BIS’ Innovation Hub Swiss Centre, the Swiss National Bank and financial infrastructure operator SIX, according to the announcement. It offers potential advantages but faces “major” policy hurdles, according to the announcement.

cryptocurrency 152

cryptocurrency Bitcoin National US 152

PYMNTS

MARCH 3, 2020

In today’s top news, Apple manufacturer and supplier Foxconn has returned to production, the Department of Justice charged two Chinese nationals with laundering over $100 million in cryptocurrency, and TurboTax’s deal to buy Credit Karma has sparked antitrust concerns. Two Chinese Nationals Charged With Laundering $100M In Crypto.

Apple 132

Apple National cryptocurrency Payments 132

PYMNTS

AUGUST 30, 2018

China is struggling to bridge its small businesses to financing for growth, with broader fiscal policy at odds with the initiative, according to reports. The publication pointed to the government’s conflicting policy of stricter lending rules as one reason why efforts to boost small business loan volumes hasn’t taken off.

Policies 100

Policies Lending Regulation Community 100

Abrigo

JULY 9, 2024

Takeaway 2 Financial institutions will need to incorporate FinCEN's national AML/CFT priorities into their risk assessments and compliance programs. It also required that FinCEN integrate its AML/CFT policy priorities into financial institutions’ risk assessments. These FinCEN priorities highlight significant threats to the U.S.

Compliance 222

Compliance Fraud Regulation National 222

PYMNTS

OCTOBER 8, 2020

one of the biggest payments processors in the world, one of the top 3 banks in Brazil, one of the big four banks in Australia, the largest national card processor in Europe, and several others),” according to the release. The deals sometimes concerned big players, including “some of the largest and most innovative companies in the world (e.g.

Report 247

Report Fraud Risk Management America 247

PYMNTS

MARCH 2, 2020

Lloyd’s of London , the insurance firm, is supporting a new policy that protects digital currency held in digital wallets from hackers, Coindesk reported on Monday (March 2). The policy is reportedly a new insurance type that has a limit that changes with the price fluctuations of covered digital currency assets.

Bitcoin 177

Bitcoin Policies Groups California 177

PYMNTS

DECEMBER 29, 2020

“Though the industry moved to enable interoperability of mobile wallets in 2018, this is limited to only P2P payments, and is yet to be expanded to both merchant and agent interoperability and even to work seamlessly at P2P,” according to the draft of the Kenya National Payments System 2021-2025 report.

National 160

National Mobile Policies Payments 160

PYMNTS

MARCH 22, 2019

Agustin Carstens, the general manager at the Bank for International Settlements , said that banks shouldn’t issue their own bitcoin-like tokens because it could undermine global financial stability, as well as monetary policy, according to a report by Bloomberg. Central banks do not put a brake on innovations just for the sake of it.

Bitcoin 172

Bitcoin cryptocurrency United States Policies 172

PYMNTS

DECEMBER 28, 2020

In Los Angeles, a widespread glut of shipments has slowed down operations at the nation's busiest container port complex, the Port of Los Angeles , according to CNBC. Exports have declined in 23 of the last 25 months, which CNBC credited partly to trade policies with China. 28) on CNBC, said the cargo volume is up 50 percent.

Los Angeles 206

Los Angeles Policies National Retail 206

PYMNTS

NOVEMBER 29, 2019

As a result, Hodges noted, insurance policies can be mispriced or might be less than ideally tailored for these firms. The policies are backstopped by Munich Re , which is among the largest re-insurers in the world. Many founders are operating their businesses, from day one, with the ambition of entering an international setting.

Policies 191

Policies California United States Management 191

Abrigo

NOVEMBER 22, 2024

With fraud rates surging and FinCEN designating fraud as a National Priority , combining these functions under the same umbrella could be a game-changer. With FRAML, institutions can reduce duplicated technology and staffing needs, creating operational efficiencies that lower costs.

Fraud 195

Fraud Training Risk Management Compliance 195

South State Correspondent

FEBRUARY 18, 2024

We recently reviewed a loan term sheet from a national bank for a $13mm commercial real estate (CRE) loan. This particular national bank has the ability to offer the borrower an interest rate hedge or an on-balance sheet fixed-rate loan. The loan leverage ratio is 10.83 (total debt divided by net operating income (NOI)).

Management 195

Management National Guidelines Capital 195

PYMNTS

JULY 31, 2019

The two units will consolidate bank supervision support, risk analysis, and oversight of national trust banks and important service providers. In addition, this work will contribute to our strategic goal of operating the agency as effectively and efficiently as possible.”. It will support the whole agency and cover issues nationally.

Risk Management 148

Risk Management Analysis National System 148

CFPB Monitor

APRIL 12, 2021

The CFPB issued a Rescission of Statement of Policy for the previously-issued Statement on Bureau Supervisory and Enforcement Response to COVID-19 Pandemic (March 26, 2020). Rescission of Statement on Bureau Supervisory and Enforcement Response to COVID-19 Pandemic.

Policies 78

Policies Exercises Operations Regulation 78

PYMNTS

FEBRUARY 14, 2020

In perhaps the most sweeping example, the member states of the United Nations have embraced, as part of “sustainable development goals,” a target to “provide legal identity for all, including birth registration,” by 2030. s policy represents “the right goal to set. An ambitious goal, to be sure, and one that the U.N. The Micro Level.

How To 205

How To National Data Fraud 205

PYMNTS

MARCH 12, 2020

As long as the weather’s still cold and people are not voluntarily and strictly carrying out isolation policies and quarantining, this is going to spread,” he said. According to The National Development and Reform Commission, by the end of February, more than 60 percent of the country’s logistics companies had returned to work.

Innovation 283

Innovation Policies social media Examples 283

PYMNTS

OCTOBER 11, 2019

Whether the advent of digital coins signifies an existential threat to monetary policy at its most basic level – the way it’s been done for, well, centuries – depends on who’s weighing in on the subject. should not be the first of the bigger countries to issue national digital coins, amid technology that has yet to mature, and that the U.S.

National 183

National Philadelphia Examples Policies 183

PYMNTS

JULY 15, 2020

“While we’re certainly not the first business to require face coverings, we know this is a simple step everyone can take for their safety and the safety of others in our facilities,” said Walmart’s Chief Operating Officer Dacona Smith and Lance de la Rosa, chief operating officer at Sam’s Club, in a statement.

Virginia 141

Virginia Policies Community National 141

Abrigo

FEBRUARY 6, 2020

foreign policy and national security goals to secure the global financial system and protect the United States from the threats of terrorism, human and drug trafficking, and economic damages. OFAC restated its crucial role in furthering U.S. What does a “maximum pressure strategy” entail? What does a “maximum pressure strategy” entail?

United States 195

United States Compliance Strategy National 195

Perficient

JULY 11, 2022

Since Square purchased Afterpay, customers can get an Afterpay card to use with participating retailers that operate with Square, which lets customers use Afterpay for in-store purchases. Afterpay is offered at thousands of merchants – notable names include Nordstrom, Bed, Bath & Beyond, and Nike. According to Kristen E.

Fintech 474

Fintech Trends Apple South Dakota 474

PYMNTS

JULY 31, 2019

As watchdogs ramp up oversight of financial institutions and FinTechs, late last year the China Banking and Insurance Regulatory Commission also announced plans to relax restrictions on foreign ownership of banks operating in the country.

Lending 134

Lending Policies National Guidelines 134

PYMNTS

NOVEMBER 2, 2020

The ministry’s AML and CFT policies incorporate the suggested policies set by the Financial Action Task Force (FATF) and will be monitored by the Caribbean Financial Action Task Force (CFATF). During phase one, VASPs will have to demonstrate their compliance with these standards, according to the release.

Bitcoin 160

Bitcoin Policies Groups cryptocurrency 160

PYMNTS

JULY 7, 2020

The letter, from RILA President Brian Dodge , was addressed to National Governor’s Association Chair Lawrence Hogan (MD) and Vice Chair Andrew Cuomo (NY), asking them to push for specific and consistent mask mandates. RILA has finally had enough of the trend, and asked two governors for help in a letter released on Tuesday morning (July 7).

Retail 151

Retail Groups social media Policies 151

PYMNTS

MAY 8, 2020

The company also notes that open product is now for “display only” and customers will find signage in the retail locations emphasizing the new policy. The Retail Industry Leaders Association , along with the National Retail Federation (NRF), recently rolled out a phased-in approach to reopening retail called the Blueprint for Shopping Safe.

Retail 173

Retail National United States Groups 173

PYMNTS

JANUARY 28, 2019

And so, nationalism comes full force to eCommerce, focused on the United States and India, offering another drama, another stage, another possible battle over trade. and a Bit of Nationalism. The National Payments Corporation of India manages roughly 10 different payments platforms that process roughly 46 percent of transactions.

Course 188

Course National Online Google 188

Abrigo

AUGUST 20, 2021

Transnational Organized Crime Reaches Far and Is Growing One of FinCEN's first priorities for AML/CFT policy is to combat transnational organized crime (TOC). The FBI explains TOC groups are “self-perpetuating associations of individuals who operate, wholly or in part, by illegal means and irrespective of geography.”

Training 195

Training Strategy Fraud National 195

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The country’s government and regulators are keeping pace with those in the European Union and the U.S. The law is still ambiguous.

Regulation 160

Regulation Policies Data Compliance 160