PYMNTS

DECEMBER 23, 2019

Policy advisers at a leading think tank said that China should introduce a regulatory framework for artificial intelligence in the finance sector, according to a report from Reuters on Sunday (Dec 22). The risk and safety lines with AI in China in the finance sector appear to be blurring.

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Regulation Groups Policies Big Data 202

PYMNTS

NOVEMBER 20, 2020

News came this week that a (virtual) meeting between regulators and Big Tech – which would center on draft proposals that might impact their very operations on the Continent –has been postponed briefly from Nov. For Big Tech, there’s just a hint of a bit of a reprieve in Europe. 24 to Dec 2. As noted by Yahoo!

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Policies Google Apple Regulation 260

PYMNTS

SEPTEMBER 30, 2020

The House committee held a hearing on the idea after Acting Comptroller of the Currency Brian Brooks in July proposed a new special purpose national banking charter for payments companies. They argue that the OCC would oversee the new charter holders — but not as rigorously as state regulators would.

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Regulation National System Industry 349

PYMNTS

SEPTEMBER 17, 2020

In notes on its most recent (August) meeting of the bank’s Payments System Board, the members said that “at present there is not a strong public-policy case for issuance in Australia, given that the electronic payments system in Australia compares very favorably with those in many other countries and access to cash remains good.”.

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Policies Boston Examples ATM 181

Accenture

SEPTEMBER 3, 2020

These include: regulation and monetary policy, consumer protection, fraud and Anti-Money Laundering (AML), the national economic outlook, the financial sector’s outlook (for international agencies and global regulators), emerging technologies and innovation (for….

Policies 222

Policies Regulation Fraud National 222

PYMNTS

AUGUST 28, 2019

And the United Kingdom’s National Liberal Party (NLP) has posted what it believes is the only coherent policy regarding cryptocurrencies. The current policy is a non-policy. The sheer volume of transactions makes this a national security threat,” the party wrote in a post on its website.

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Policies National cryptocurrency Bitcoin 116

PYMNTS

MAY 22, 2020

Treasury’s difficulties getting relief money to individuals, has renewed calls for the government to accelerate its FedNow national real-time payments network, still not expected to be operational until at least 2023. The Paycheck Protection Program (PPP) disbursement fiasco, coupled with the U.S.

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Payments Policies Guidelines National 344

BankUnderground

OCTOBER 26, 2021

The Bank of England co-organised a ‘ History and Policy Making Conference ‘ in late 2020. History offers policymakers and academics useful case studies that can serve as distant mirrors beyond the study of crises and policy responses to them. Monetary theory and policy in Medieval France. Nathan Sussman.

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Policies Taxes Maine National 133

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.

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California Apple Policies National 315

PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

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Regulation Data Regional Examples 175

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.

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Data Regulation National Examples 317

PYMNTS

MAY 16, 2020

A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A A central entity may implement a monetary policy and issue currency. A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation.

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System blockchain Regional Security 320

PYMNTS

JANUARY 29, 2020

The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology itself, according to a report Tuesday (Jan. Tanvi Ratna, CEO of Policy 4.0, 28) by The Economic Times.

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Bitcoin Regulation blockchain Delaware 132

PYMNTS

JUNE 26, 2020

Valdis Dombrovskis , the European Union’s (EU) executive vice-president in charge of financial services policy, said Wirecard’s collapse threatens investor trust in the EU, the newspaper reported. We need to clarify what went wrong.”. A mid-July deadline for a reply from ESMA has been set, he added.

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Regulation Capital Policies Course 152

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. Have the expertise and experience to perform the position’s duties.

Compliance 221

Compliance Fraud Regulation National 221

PYMNTS

DECEMBER 18, 2019

The United Kingdom will create a technology regulator next year after Brexit is completed, according to a report by the Financial Times. It’s quite rare that one makes a set of quite radical policy proposals and within 12 months the government is actually implementing them,” said Diane Coyle, an economist.

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Regulation Google Policies Meeting 134

PYMNTS

SEPTEMBER 12, 2019

There are many forms of nationalism. Ethnic nationalism. Cultural nationalism. Now comes cryptocurrency nationalism? Coindesk reported this week that, in the Netherlands, cryptocurrency firms based outside of Europe may “get the boot” amid new regulations. It’s a really nice step.

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National cryptocurrency Policies Regulation 109

PYMNTS

MAY 20, 2020

European Union (EU) regulators want feedback from users and digital service providers before they craft new rules that could manage giant tech firms Google, Facebook, Amazon and Uber, Reuters reported. Facebook Founder and CEO Mark Zuckerberg published “Charting the Way Forward: Online Content Regulation.”

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Regulation social media Google Survey 131

PYMNTS

SEPTEMBER 12, 2018

that are more modern, but urged lawmakers to approach the issue nationally. According to a report in Reuters , citing The Internet Association, the trade group wants the rules to preempt a new regulation on the books in California that comes into effect in 2020. 11) that it supports data privacy rules in the U.S.

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National Data Company California 128

BankInovation

JULY 1, 2021

Financial institutions that leverage artificial intelligence (AI) and machine learning (ML) are not in favor of new regulations determining how the techniques can be used.

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Regulation Policies FDIC National 98

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.

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Lending How To Risk Management Policies 221

PYMNTS

JANUARY 22, 2020

“I think it’s very hard for central banks to forever make up for bad policy elsewhere. Separately, IBM CEO Ginni Rometty told CNBC from Davos that artificial intelligence should be subject to “precision regulation … you want to have innovation flourish and you’ve got to balance that with security.”

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Taxes Regulation Conference National 131

PYMNTS

SEPTEMBER 24, 2019

Bank of Japan Head Haruhiko Kuroda spoke to business leaders in Osaka about the importance of having a coordinated global plan to regulate Libra and other cryptocurrencies, Reuters reported on Tuesday (Sept. He urged policymakers to ensure that the highest level of regulation is applied to such assets.

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Regulation social media cryptocurrency Policies 108

PYMNTS

JULY 11, 2019

Lawmakers went on the assumption that reforming federal marijuana laws is a given and used the hearing to discuss regulation. Proposals introduced this session ranged from legislation allowing states to set their own policies to bills that would fully deschedule cannabis and include social equity provisions. “It Karen Bass, D-Calif.

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Policies Washington America Meeting 199

PYMNTS

NOVEMBER 20, 2020

In China, the battle of the regulators versus FinTech behemoth has seemingly been joined. . That delay came following controlling shareholder Jack Ma’s meeting with Chinese regulators. As such, Yu contended, from a policy standpoint, “it makes sense to take a second look.” What’s next for Ant Group – and by extension, Jack Ma?

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Groups Regulation Policies Meeting 236

PYMNTS

JULY 7, 2020

Regulators are taking in an interest in stablecoins, with the Financial Action Task Force (FATF) noting in a report the digital currencies need to adhere to norms to offer protection from the terrorism financing and money laundering, Bloomberg reported. Swipe, for its part, is available in 31 nations in the European Economic Area.

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blockchain Regulation Data Cards 163

Abrigo

JANUARY 17, 2024

The United Nations estimates there are currently 40 million people enslaved around the world, and that one-quarter of them are children. Policies that promote the employment of former trafficking victims can help end cycles of trafficking, as well.

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Training Community Software Texas 259

PYMNTS

SEPTEMBER 1, 2020

The BIS found that decline is even more pronounced in emerging-market economies and smaller island nations. For instance, the number of active correspondent banks fell about 23 percent in advanced economies, but as much as 41 percent in developing nations. A Reduction In The Number Of Corridors .

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blockchain System National Payments 307

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.

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Apple National cryptocurrency Payments 132

PYMNTS

SEPTEMBER 27, 2019

Reuters is reporting that despite the opposition, the association is still talking to European Union regulators in an attempt to release the currency by next year. What is important is that we need to comply with the regulators and we need to make sure that they are on board with us and fully comfortable with our solutions.”.

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cryptocurrency Regulation National Conference 158

Perficient

JUNE 5, 2020

Secure software practices are at the heart of all system development; doubly so for highly regulated industries such as health-care providers. For the purpose of efficiency, these policies should be encoded into an automated scanning tool, with the output a set of recommended remediation steps to reduce or remove the detected vulnerabilities.

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Compliance Security Software System 332

Abrigo

JULY 16, 2021

Takeaway 1 FinCEN published its first list of priorities for AML/CFT policy, as required by the Anti-Money Laundering Act of 2020 (AMLA). Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. financial system. Would you like others articles like this in your inbox?

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Community Regulation Training Policies 195

Abrigo

SEPTEMBER 26, 2014

Within the financial industry, the word “regulation” often receives a mixed reaction. What’s been mostly out of the mainstream news cycle, though, is the effects of regulation following the financial crisis on the community banks– specifically, credit unions. ” The piece was written by B.

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Capital National Regulation Risk Management 191

American Banker

NOVEMBER 6, 2023

economy and local economies throughout our nation are being "hung out to dry" by regulators' push for increased capital requirements, according to the head of the Small Business & Entrepreneurship Council. The small businesses that drive the U.S.

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Policies National Regulation Capital 92

Abrigo

JULY 21, 2021

Key Priority: Foreign and Domestic Terrorist Financing Among FinCEN's first list of key priorities for AML/CFT policy is detecting, reporting, and preventing foreign and domestic terrorism. You may find their 2020 publication of the National Strategy for Combating Terrorist and Other Illicit Financing 2 to be quite informative.

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Training National Strategy Regulation 195

PYMNTS

DECEMBER 12, 2016

9), Michigan became the first state in the union to pass statewide, comprehensive self-driving vehicle regulations that allow autonomous vehicles to drive … well, autonomously. Additionally, these companies can also have vehicle prototypes approved by the National Highway Traffic Safety Administration (NHTSA).

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Michigan Regulation Florida Apple 100

CFPB Monitor

NOVEMBER 22, 2022

Department of Housing Urban Development (HUD) recently issued a final rule permitting the use of private flood insurance policies with FHA-insured mortgage loans. Prior to the HUD final rule, HUD only accepted flood insurance policies issued under the National Flood Insurance Program (NFIP).

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Policies Meeting Exercises Regulation 148