PYMNTS

NOVEMBER 2, 2020

Regulation. The Digital Services Act will be one of the regulations, which Vestager said will revise the eCommerce Directive and will make digital services take additional responsibility for contending with “illegal content and dangerous products.”. The Digital Markets Act is a second set of regulations. and Facebook Inc.

Taxes 212

Taxes National Regulation Google 212

Accenture: Banking

JUNE 22, 2022

They’ll soon have to comply with sweeping sustainability rules drafted by national governments and financial services regulators. Banks in Europe need to prepare for the biggest set of regulatory changes since the aftermath of the 2008 global financial crisis.

National 470

National Regulation Trends 470

Payments Dive

OCTOBER 11, 2023

“Instead of state-by-state regulation, federal government guidance must be updated and clarified,” authors of a recent working paper on earned wage access write.

National 259

National Regulation 259

Perficient

APRIL 2, 2021

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. Office of the Comptroller of the Currency (OCC). Cybersecurity.

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

OCTOBER 16, 2020

The banks have been asked to perform [a] national service,” CreditSights Research Analyst Jason Tan told Squawk Box Asia on (Aug. Furthermore, the Beijing government has requested that banks forfeit 1.5 trillion yuan ($219 billion) in profit by cutting lending rates and deferring loan repayments in an effort to assist firms.

Regulation 280

Regulation Lending National Marketing 280

PYMNTS

NOVEMBER 23, 2020

As for easing the path toward financial innovation, there’d always been some consideration of seeking a national banking charter, noted Cagney, especially as the company began building blockchain and blockchain applications over the past few years. “As But a national charter would allow for a uniformity of presence and market scope.

National 215

National blockchain Lending Montana 215

Chris Skinner

JULY 11, 2019

A lot of discussion at the United Nations, where I’ve been all week (blogging about that next week), has raised the question of Libra, the Facebook digital currency.

cryptocurrency 357

cryptocurrency National Regulation blockchain 357

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.

Regulation 349

Regulation National System Industry 349

Payments Dive

OCTOBER 16, 2023

In a recent web post, the National Consumer Law Center issued a number of policy recommendations for states seeking to regulate earned wage access companies.

Groups 293

Groups Policies National Regulation 293

Abrigo

MARCH 18, 2025

Traditional & emerging payment systems Payment system vs. payment platform Regulations related to payment systems The growing risk of payment fraud What is a payment system? Regulations for payment systems Financial institutions must comply with a complex web of regulations to ensure the security and legality of payment processing.

System 195

System Payments Fraud Regulation 195

PYMNTS

NOVEMBER 9, 2020

Regulation. EU Gears Up To Propose New Big Tech Regulations. Australian Regulator Looks Into Merger Law Changes. The regulation enables authorities in Turkey to take content off of platforms instead of restricting access as they had done previously. Facebook’s WhatsApp To Grow Payments Service Following NPCI Go-Ahead.

Regulation 211

Regulation social media Compliance California 211

PYMNTS

DECEMBER 18, 2020

The new regulations, if adopted after a comment period, would require banks and some other institutions to obtain and report the identities of parties engaging in certain digital transactions, including payments involving what are called "unhosted wallets" – effectively secret bank accounts that hold cryptocurrency.

Bitcoin 354

Bitcoin US Regulation cryptocurrency 354

Payments Dive

JANUARY 12, 2024

State lawmakers and regulators are out-running their national peers in giving direction to the fast-evolving payments industry.

US 273

US Payments National Regulation 273

Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs.

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

Abrigo

APRIL 24, 2025

Learn more Regulator comments on overseeing concentration risk Concentrations often arise naturally for community banks and credit unions due to the types of businesses and industries that they serve in their communities. Effective loan review is a key element of managing concentration risk in loan portfolios.

Management 195

Management St. Louis Risk Management Analysis 195

Perficient

DECEMBER 6, 2021

So, you’re the CEO of a national banking corporation or a national savings bank. Therefore, your primary federal bank regulator is the Office of the Controller of the Currency (OCC). The OCC conducts frequent on-site examinations as they investigate, prepare, and then issue its reports of examination.

National 294

National Examples Regulation Report 294

Perficient

MAY 19, 2021

National Credit Union Administration (NCUA). That original blog can be accessed here: Bank Regulators Seeking Comments on the Use of AI and ML in the Industry – Perficient Blogs. Federal Deposit Insurance Corporation (FDIC. Office of the Comptroller of the Currency (OCC).

FDIC 365

FDIC National Regulation System 365

PYMNTS

SEPTEMBER 22, 2020

The regulator of the nation’s banks has issued its first guidance on stablecoins , the cryptocurrency backed by traditional currency. . 21) clarified the authority for national banks and federal savings associations to hold reserves on behalf of customers who issue stablecoins.

cryptocurrency 345

cryptocurrency Regulation Financial Technology Meeting 345

PYMNTS

NOVEMBER 23, 2020

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from regulators around the world. EU Auditors: European Commission Needs To ‘Scale Up’ Regulation. New Digital Regulations Could Let EU Ban Tech Firms. 34 States Unveil $113M Settlement Against Apple For Alleged iPhone ‘Throttling’ .

Apple 193

Apple Regulation social media Compliance 193

Abrigo

FEBRUARY 6, 2025

bank and credit union regulators expect financial institutions to implement robust internal controls for managing the credit, market, liquidity, and operational and legal risks associated with investment holdings. banking regulations. You might also like this on-demand webinar, "Winning the deposit game."

Compliance 195

Compliance Technology Operations Risk Management 195

PYMNTS

DECEMBER 20, 2020

Alibaba billionaire Jack Ma told Chinese regulators in November that he would give portions of Ant Group , the FinTech he founded, to the country's government in what so far has appeared to be an unsuccessful effort to make peace with authorities in the country, The Wall Street Journal (WSJ) reported.

Groups 278

Groups Report Regulation Meeting 278

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. Regulatory alignment: Regulators, including FinCEN, increasingly emphasize fraud prevention as a critical component of financial crime risk management.

Fraud 195

Fraud Training Risk Management Compliance 195

Accenture: Banking

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

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept. This in the wake of the OCC’s Sept. The Pandemic Pop.

cryptocurrency 323

cryptocurrency Regulation Trends Bitcoin 323

PYMNTS

APRIL 1, 2020

This legislation represents a significant breakthrough – the first time a state or nation has passed a new law devoted exclusively to putting guardrails in place for the use of facial recognition technology,” Smith said in the post. Many states don’t have any laws regulating the use of facial recognition technology.

Washington 304

Washington Policies San Francisco Oakland 304

PYMNTS

OCTOBER 21, 2020

The EBF represents the vast majority of the European banking sector through its membership, spanning 32 national banking associations from across Europe, which in turn encompass more than 3,500 banks.

Data 317

Data Regulation National Examples 317

PYMNTS

JANUARY 20, 2021

When the European Commission decides to investigate a matter, European law says that national competition authorities cannot investigate the same topic. Amazon asked the General Court in Luxembourg — the second-highest court in Europe — to annul the EU’s move to allow Italy its own investigation, according to a court filing, per Reuters.

Regulation 195

Regulation Apple National Online 195

PYMNTS

NOVEMBER 23, 2020

A recent report released by the United Nations found that 132 out of 194 countries have now introduced data protection regulations of some kind, all varying in terms of what type of information they protect and the severity of their restrictions. Around The Data Protection World.

Industry 298

Industry Regulation Data Study 298

Abrigo

FEBRUARY 20, 2025

Regulators expect financial institutions to demonstrate human oversight in fraud detection and suspicious activity monitoring. Why AI wont replace compliance professionals Despite its advancements, AI cannot replace human judgment in financial crime investigations.

Compliance 195

Compliance Fraud Tools Texas 195

PYMNTS

JANUARY 25, 2021

Lastly, while cryptocurrencies might never replace fiat currencies as a medium of exchange, they could replace gold as a store of value, according to research from the Bank of Singapore , The National reported. Governments are very wary of any technology that could potentially displace national currencies,” Mohi-uddin said, per the report.

Bitcoin 261

Bitcoin cryptocurrency Data National 261

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. Takeaway 1 FinCEN’s proposed new AML/CFT program rule is intended to redirect AML/CFT programs to focus on the highest-risk areas, using innovative techniques and a goal-oriented approach.

Compliance 221

Compliance Fraud Regulation National 221

Bank Innovation

OCTOBER 29, 2019

Digital banking brand Varo has 1 million customers, and is pushing ahead with plans to become a nationally-chartered bank early next year, CEO Colin Walsh told Bank Innovation Tuesday.

National 284

National Innovation Digital Banking Branding 284

PYMNTS

DECEMBER 3, 2020

Like all regulations, the new Digital Services Act brewing in the European Union has its detractors (those who will be regulated) and its fans (those who are writing the regulations). Yet the DCP still sees the need for regulations. Somewhere in between are consumers. The DSA, now scheduled for a Dec.

Regulation 204

Regulation Google National Marketing 204

Abrigo

DECEMBER 26, 2024

Regulators are paying attention to whether or not financial institutions are properly staffed on a risk basis," said Abrigo Senior Financial Crime Investigator Joann Millard. Financial crime fighters also often describe a struggle to find and retain experienced employees who truly understand AML and compliance.

Fraud 195

Fraud Compliance South Dakota Resources 195

PYMNTS

JUNE 8, 2020

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports. He said the regulators would need to have total control over a cryptocurrency-fueled system that replaced traditional banking.

blockchain 338

blockchain cryptocurrency Maine National 338

Perficient

JULY 12, 2023

Perficient provides risk management to more than 500 financial services organizations, many of whom have multiple bank regulators. Often an organization will have a state-charted non-member bank, which has the FDIC as its primary federal regulator.

Management 221

Management Risk Management Regulation Compliance 221

Perficient

MARCH 3, 2022

Federal bank regulators work together to design Comprehensive Capital Analysis and Review (“CCAR”) stress tests that are designed to ensure that even in the case of a severe recession, significant banks can lend to households and businesses. As repeated by federal bank regulators, the required economic scenarios are not forecasts.

Capital 294

Capital Regulation United States Exercises 294