BankNXT

MAY 2, 2017

In March, the OCC issued a white paper that described the application process to get a national bank charter in the US. What happened after that? Story by Chris Skinner. America’s troubled regulatory regime laid bare by the OCC on BankNXT.

National 57

National US Regulation Fintech 57

CFPB Monitor

APRIL 7, 2020

Roddy discussed the emergency debt collection regulation issued by the Massachusetts AG and the possibility of state UDAP claims based on collection activities during the crisis. All of the speakers stressed the need for companies to identify potential sources of risk in their operations and attempt to address those risks in advance.

Massachusetts 78

Massachusetts Compliance Regulation Operations 78

Jeff For Banks

JUNE 20, 2017

The banking system is stable, which is critical to national and state economies. They have to find out later, after a bureaucrat in Washington does a white paper. I got news for our lawmakers and regulators. And because deposit insurance is a national program, so should they. All have benefited. Also critical.

Data 60

Data FDIC Regulation Washington 60

PYMNTS

OCTOBER 25, 2019

Marketplace facilitator laws have been particularly murky, as many are written in broad terms that have complicated compliance for eCommerce platforms, according to Rachelle Bernstein, vice president of government relations and tax counsel for the National Retail Federation (NRF), a Washington, D.C.-based

Taxes 100

Taxes South Dakota Policies Compliance 100

PYMNTS

MAY 10, 2019

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless. New NACHA Rule.

Payments 178

Payments Fraud Security Customer Experience 178

CFPB Monitor

JULY 13, 2016

The forum follows up on the OCC’s white paper with a similar name. First, the OCC seems to recognize that many consumers and small businesses have difficulty obtaining credit, and that efforts to protect borrowers through regulation can actually harm borrowers by reducing credit availability.

Innovation 60

Innovation Fintech Customer Experience Policies 60

CFPB Monitor

JULY 28, 2022

Because the issuance of such an interpretation would represent a significant change in the application of EFTA/Regulation E liability protections, we believe such a change should be the subject of notice-and-comment rulemaking procedures, either as an amendment to Regulation E or to the Official Staff Commentary, or both. .

Regulation 78

Regulation Lending Fraud Payments 78

FICO

NOVEMBER 22, 2017

According to the United Nations Office on Drugs and Crime, the estimated amount of money laundered globally in one year is as much as 5% of global GDP, or $2 trillion. To tackle this menace, regulators have slapped fines on banks who fail to stop money laundering. This is almost the size of the UK’s annual GDP.

Analytics 78

Analytics Training Regulation System 78

Gonzobanker

DECEMBER 14, 2023

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. The Bank Regulator Working for Merchants Award! Seems like maybe this has been forgotten when it comes to these regulations.

Fintech 190

Fintech Community Regional Technology 190

FICO

AUGUST 22, 2018

Business outages and regulations like GDPR make companies realize they’re operating in an interconnected ecosystem with their business partners, and that is changing the dynamics of risk. Whether it’s nation-state attacks, hacktivism, or new threats on the horizon, the variables keep changing.”.

How To 53

How To Michigan System Resources 53

FICO

JUNE 22, 2017

Increasingly in today’s age, terrorist organizations and dangerous criminals finance their operations by laundering money in global financial institutions, presenting a huge public policy problem for regulators and policymakers. Regulations to detect and report suspicious activity through SARs have become more strictly enforced.

Tools 55

Tools Compliance Innovation social media 55

CFPB Monitor

APRIL 29, 2015

” Key sections of the report include the following: The section on supervisory activities indicates that in August 2014, the CFPB created a National Fair Lending Examination Team made up of examiners from across the CFPB. ”).

Lending 60

Lending Report Policies Compliance 60

Tomorrow's Transactions

APRIL 7, 2015

The UK’s new Payment Systems Regulator is now open for business. From Consultation on a new payments regulator for the UK ]. In the report, the regulator outlines three key areas of concern: governance, innovation and access. The Chancellor’s decision to go down this route clearly re-frames payments as a utility.

Regulation 30

Regulation System Operations Payments 30

FICO

JANUARY 10, 2017

These criteria are necessary because credit scores need to reflect a person’s true creditworthiness to a sufficient degree that lenders, regulators and consumers, themselves, can rely on them. Read our white paper Can Alternative Data Expand Credit Access? So far, so good.

Meeting 40

Meeting Data Report Risk Management 40

FICO

JANUARY 15, 2021

For example, during the Great Recession, the average national FICO® Score didn’t hit its lowest point until late 2009, well after the recession was underway. “In

Report 59

Report Payments Cards Data 59

CFPB Monitor

JULY 1, 2015

A recent American Banker article written by officials of three community groups urges President Obama to publicly denounce Director Cordray for failing to issue regulations implementing the small business lending data requirements of Dodd-Frank Section 1071.

Community 60

Community Lending Groups Data 60

CFPB Monitor

JULY 2, 2019

In April 2011, the CFPB issued guidance indicating that it would not enforce Section 1071 until it issued implementing regulations. In May 2017, the CFPB issued a RFI and a white paper on small business lending in conjunction with a field hearing on small business lending.

California 60

California Resources Community Lending 60

Gonzobanker

DECEMBER 22, 2015

We don’t know what Los Alamos National Bank’s marketing department was drinking when it designed the customized water bottle labels, but we’re giving them big points for creativity. Regulator Award. Driving real results instead of theoretical internal PowerPoint presentations will be a priority for all these newly promoted leaders.

Community Bank 60

Community Bank Apple Community Technology 60

CB Insights

SEPTEMBER 4, 2018

In 2016, the company came out with a white paper detailing how mobile network operators could prove valuable in the connected cars space. The company has also faced waves of negative press on sexual harassment and poor culture, in addition to deceiving authorities and ignoring autonomous testing regulations.

System 78

System Technology Michigan California 78

Chris Skinner

MARCH 17, 2017

On Wednesday the American Office of the Comptroller of the Currency (OCC)* followed up on its promise last December to introduce a national bank charter for Fintech bank startups by issuing a white paper on how to apply for a licence, the evaluation process and what will be involved.

Apple 307

Apple Innovation Fintech United States 307

William Mills

SEPTEMBER 9, 2016

I believe SEC regulations require a company to go public if they have more than 500 shareholders. Customers want self-service capabilities but regulation and risk is top of mind that get in the way of digital interactions. Regulated Financial Institution. Download: 10 Reasons Why Fintech Startups Fail White Paper.

social media 40

social media ATM Mobile Customer Experience 40

Chris Skinner

JANUARY 17, 2017

For those who weren’t looking, you might have missed the release of the Framework for FinTechh white paper released by the White House last Friday. It’s the output of the work performed by the National Economic Council’s Adrienne Harris and her team, who I’ve been delighted to support.

Fintech 150

Fintech Policies National Technology 150

CFPB Monitor

AUGUST 31, 2015

In their letter to Director Cordray, the House members urge the CFPB “to move forward this year” with Regulation B rulemaking to implement Section 1071. Regulation B is essential for facilitating the enforcement of fair lending laws. Such data includes the race, sex, and ethnicity of the principal owners of the business.

Lending 60

Lending Data Groups Regulation 60