PYMNTS

JANUARY 21, 2019

21) by a French regulator, in what the Wall Street Journal reported is the largest penalty under the new European General Data Protection Regulation (GDPR) privacy law. It’s also one of the highest-profile regulator actions coming from GDPR which went into effect last year.

Google 190

Google Regulation National Data 190

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

As it aims to bolster methods of market exit and risk disposal for institutions that loan money, the central bank of China introduced a draft of updates to legislation applicable to commercial banks, Reuters reported. Runs on small financial institutions (FIs) in China have been on the uptick as of last year.

Regulation 280

Regulation Lending National Marketing 280

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

PYMNTS

NOVEMBER 16, 2018

The shift could possibly cause payments to move underground and particularly impact nations that are dependent on remittances, Reuters reported. But the checks by banks help to quell these kinds of violations, so the situation has caused frustration for regulators. 16) that the practice still fell in popularity in 2017.

Regulation 190

Regulation National Survey Regional 190

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.

Regulation 202

Regulation Groups Policies Big Data 202

PYMNTS

NOVEMBER 6, 2020

has sought a national bank charter from the Office of the Controller of the Currency (OCC), which will let it meet “promises of efficiency, affordability and financial inclusion,” according to a Friday (Nov. Financial services firm Figure Technologies, Inc. 6) announcement.

National 163

National blockchain Lending Regulation 163

PYMNTS

DECEMBER 26, 2018

A 2017 Annual Cybersecurity Report (ACR) from Cisco found companies that suffer a data breach could have customer, opportunity and revenue losses exceeding 20 percent. Ackerman added that a number of states will adopt some version of Europe’s strict General Data Protection Regulation ( GDPR ). According to Robert Ackerman, Jr.,

National 192

National Washington Data Security 192

PYMNTS

JULY 31, 2020

On Friday (July 31), the Office of the Comptroller of the Currency (OCC) announced Varo Bank has been granted its full-service national bank charter. Department of the Treasury that charters and regulates financial institutions. Varo is the first consumer FinTech to receive a new national bank charter from the U.S.

National 172

National Fintech San Francisco Connecticut 172

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

PYMNTS

MARCH 30, 2020

Bank regulators have rolled back the Jan. 1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster loans in the wake of the coronavirus, the Wall Street Journal reported on Friday (March 27). National bank regulators — The Federal Reserve, Federal Deposit Insurance Corp.

Report 166

Report US FDIC National 166

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. Drink in the hand?

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

PYMNTS

MARCH 5, 2020

In a new digital real estate game called Upland, players can buy virtual versions of properties in San Francisco, Cointelegraph reported. And, according to the report, Cryptovoxels calls itself a “virtual world powered by the Ethereum blockchain” that is owned by users. And, the Financial Conduct Authority (FCA) in the U.K.

Regulation 192

Regulation San Francisco Bitcoin blockchain 192

CFPB Monitor

MAY 24, 2021

We are pleased to announce that Ballard Spahr’s Consumer Financial Services Group has once again received the highest national ranking from Chambers USA: America’s Leading Lawyers for Business. This year, Chambers USA added Enforcement & Investigations as a new category for Financial Services Regulation: Consumer Finance.

National 148

National Groups Regulation Compliance 148

PYMNTS

JULY 17, 2020

Chinese regulators have seized control of nine financial institutions (FIs) alleging they violated rules and jeopardized the country’s financial system. Only through a regulator takeover can the problems be forcibly dealt with through administrative measures.”. The regulators insist the takeovers will ensure stability of the firms.

Regulation 151

Regulation Security Regional System 151

PYMNTS

JANUARY 25, 2021

Russia’s Ministry of Labor has banned federal and local governmental officials — and their spouses and underage children — from holding digital currencies, CoinDesk reported. In other news, in an attack on Indian cryptocurrency exchange BuyUCoin , hacker group ShinyHunters leaked the private information of over 325,000 users, Inc42 reported.

Bitcoin 261

Bitcoin cryptocurrency Data National 261

PYMNTS

MARCH 9, 2020

The Investigative Committee of the Republic of Belarus is reportedly intending to support a legal initiative that would allow them to seize digital currency from criminals, Cointelegraph reported. The legislator is introducing the bill alone sans co-sponsor, per the report.

Bitcoin 172

Bitcoin Regulation Arizona cryptocurrency 172

PYMNTS

JANUARY 18, 2022

18) that it plans to regulate cryptocurrency advertising like other financial products and ensure that promotions are “fair, clear and not misleading,” according to a Bloomberg report. That includes the crypto billboards that have recently been spotted along the London subway system, the report says. Treasury said Tuesday (Jan.

cryptocurrency 147

cryptocurrency Regulation social media Guidelines 147

PYMNTS

SEPTEMBER 23, 2020

A study from the Cifas National Fraud Database found that identity theft against consumers over the age of 61 rose by 22 percent in 2019, contributing to an 18 percent increase in identity theft overall. British banks spend upward of £6.7 billion ($8.9 For more on these and other financial crime news items, download this month’s Playbook.

Technology 208

Technology Report Fraud Study 208

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

Abrigo

MARCH 27, 2025

They require a mix of judgment, data, and defensibilitywithout clear instructions from regulators on exactly how to apply them. Step 3: Align Q factors with risk categories To keep things structured, organize your qualitative factors into key categories: Economic environment National, regional, and local economic trends.

How To 195

How To Data Lending Comparison 195

PYMNTS

OCTOBER 12, 2018

Amid the headlines detailing the billions of dollars in money laundering done through conduits like Danske Bank and Deutsche Bank, among others, a report shows that the problem is a global one — and that it is getting worse. The Basel report notes that there is no country with a “zero” risk of such illegal activities.

Report 188

Report Course Trends Data 188

PYMNTS

JULY 22, 2020

The governmental body said that thrifts, along with state and national banks, have a lengthy history of offering custody and safekeeping for digital assets as well as tangible property. In other news, South Korea intends to levy a two-tenths tax on income made via digital currency transactions, The Block reported. 1 of next year.

Taxes 159

Taxes National Bitcoin US 159

PYMNTS

NOVEMBER 19, 2020

Securities and Exchange Commission (SEC) Chairman Jay Clayton thinks inefficiencies in traditional payments are boosting favorability for bitcoin, a report from Coindesk says. Those inefficiencies are the things that are driving the rise of bitcoin," he said, according to the report.

Bitcoin 263

Bitcoin System Payments cryptocurrency 263

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

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

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

Abrigo

APRIL 2, 2025

The Federal Trade Commission (FTC) reported that in 2024, U.S. Regulators expect financial institutions to employ adequate technology and human resources to manage evolving fraud scams and risks. For example, no checks or cards means less opportunity for criminals to steal valuable customer information from these physical items.

Fraud 195

Fraud System Payments Training 195

PYMNTS

JULY 24, 2020

The July Payments Powering the Platform Economy Report examines how international eCommerce platforms work to create transaction experiences that are compelling and secure for users in each market they serve. Find more about these stories and the rest of the latest headlines in the Report. Get the full story in the Report.

Compliance 152

Compliance Report Payments Security 152

PYMNTS

NOVEMBER 10, 2020

The central bank and several other commercial banks collaborated on a cross-border bank account offering that Pakistanis overseas can use to store rupees and foreign currencies as well as to pay bills and make other transactions in the nation.

Report 216

Report Fintech United States Meeting 216

PYMNTS

SEPTEMBER 21, 2020

To that end, and as reported by BuzzFeed , documents submitted by banks to the U.S. The documents, officially known as suspicious activity reports (SARs for short) show that the banks had filed more than 2,000 reports across the past 17 years. In one example, reported on Monday (Sept. billion in fines.

Fraud 347

Fraud Report System FDIC 347

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

Bank Innovation

OCTOBER 12, 2017

The People’s Republic of China will likely re-legalize cryptocurrency trading, ending its nation-wide ban on crypto exchanges from early September, as reported by cnLedger, a well-known source on cryptocurrency news in China.

cryptocurrency 268

cryptocurrency National Report Bitcoin 268

PYMNTS

FEBRUARY 7, 2020

The National Payments Corporation of India (NPCI) provided the firm with permission to put WhatsApp Pay into operation in a phased manner, The Business Standard reported. . According to the report, the phased WhatsApp launch is connected to its expansive user base.

Mobile 267

Mobile Compliance Payments National 267

PYMNTS

MARCH 20, 2020

A police department in California is going to use drones equipped with loudspeakers to help enforce the state lockdown orders imposed due to the coronavirus, according to a report by the Financial Times. 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

PYMNTS

OCTOBER 22, 2020

Fifty-one percent of SMBs in a recent study reported that they had persuaded business customers to switch over to digital payments, for example. This may be a widespread problem, too, with 94 percent of financial teams reporting in a recent survey that they use some manual methods to prepare invoices and billing details.

Report 159

Report Tools Examples Meeting 159

PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. In the report from the U.S. The terrorist threat, in particular, represents what the report termed “the first raindrops of an oncoming storm.” That’s according to the U.S.

cryptocurrency 206

cryptocurrency United States social media Regulation 206