Banking Exchange

FEBRUARY 3, 2020

The Rhode Island-based bank says legal action from the consumer regulator is “unwarranted” and ignores previous remedial work Consumer Credit Compliance Customers Cards CFPB Compliance/Regulatory Consumer Compliance Community Banking Feature3 Feature.

Rhode Island 78

Rhode Island Cards Compliance Community Bank 78

Payments Source

AUGUST 9, 2019

Today: Commerz pilots M2M; Postmates deploys robots; Libra encourages new technology; State Farm suffers a breach; Rhode Island issues crypto regulations. The information you need to start your day, from PaymentsSource and around the Web.

Rhode Island 73

Rhode Island Regulation Technology 73

CFPB Monitor

DECEMBER 29, 2020

According to the Bureau, RAB threatened to sue, sued, and demanded payment from consumers in Connecticut, New Jersey, and Rhode Island even though RAB did not hold the licenses that those states required to sue to collect debts. After obtaining the default judgments, RAB used judgment-enforcement mechanisms to collect on the judgments.

New Jersey 137

New Jersey Rhode Island Connecticut Compliance 137

PYMNTS

SEPTEMBER 9, 2019

David Cicilline of Rhode Island, who serves as subcommittee chairman. We certainly would not want to regulate technology the same way we regulate municipal water.”. This is the third hearing in a series focused on larger tech firms and economic power that has been held by Rep.

Rhode Island 189

Rhode Island District of Columbia Google North Carolina 189

PYMNTS

JANUARY 31, 2020

District Court for the District of Rhode Island. For several years, the bank also violated TILA and Regulation Z by not providing credit card counseling referrals to customers who called and asked for that service on Citizens’ toll-free number. It filed the complaint in the U.S.

Rhode Island 116

Rhode Island Lending Cards New York 116

PYMNTS

JULY 22, 2020

The outcome of that investigation is expected to produce legislation that would reform and regulate the online world. David Cicilline of Rhode Island, chairman of the House antitrust panel, has said there is not enough competition in the U.S. Department of Justice (DOJ). tech scene and he wants to change that.

Rhode Island 130

Rhode Island social media Apple Google 130

American Banker

SEPTEMBER 27, 2023

The Department of Justice reached a $9 million settlement Wednesday with Westerly, R.I.-based based Washington Trust over race-based lending discrimination and redlining in the state, saying the bank denied lending services to Black and Hispanic neighborhoods from 2016 to 2021.

Rhode Island 68

Rhode Island Washington Lending Compliance 68

CFPB Monitor

NOVEMBER 6, 2023

On November 2, 2023, the Consumer Financial Protection Bureau issued a report on the community reinvestment laws of seven states (Connecticut, Illinois, Massachusetts, New York, Rhode Island, Washington, West Virginia), and the District of Columbia that evaluate the record of state-chartered financial institutions and other lenders in meeting the credit (..)

Rhode Island 78

Rhode Island District of Columbia West Virginia Community 78

PYMNTS

AUGUST 26, 2019

“Institutions supervised by FINMA are only permitted to send cryptocurrencies or other tokens to external wallets belonging to their own customers whose identity has already been verified and are only allowed to receive cryptocurrencies or tokens from such customers,” the regulators wrote, according to CoinDesk.

Rhode Island 109

Rhode Island blockchain Bitcoin Montana 109

PYMNTS

FEBRUARY 3, 2020

On the basis of this fact-finding, the Commission will consider how best to address more systemic issues, including by ex ante regulation, if appropriate, to ensure that markets stay open and fair,” the paper noted. By way of example, the regulations would require a company such as Google to explain its search result processes.

Data 130

Data Marketing Rhode Island Google 130

CFPB Monitor

MARCH 4, 2024

Rhode Island, Minnesota, and Nevada have joined the list of jurisdictions considering proposals to legislatively opt out of federal interest rate preemption established under the federal Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA).

Rhode Island 78

Rhode Island Nevada Minnesota Regulation 78

PYMNTS

JUNE 11, 2019

And separately, House Speaker Nancy Pelosi has said that for big tech firms “the era of self regulation is over.”. David Cicilline of Rhode Island, who serves on the antitrust subcommittee, have co-sponsored legislation where local news organizations can negotiate with larger platform companies over issues such as access.

Rhode Island 108

Rhode Island Marketing New York Georgia 108

PYMNTS

OCTOBER 1, 2019

Big tech companies Facebook , Google and Amazon are going to be the subject of a new congressional hearing, in addition to the series of investigations ongoing from regulators and lawmakers already in motion, according to a report by Bloomberg. David Cicilline of Rhode Island. That probe is being led by Rep.

Rhode Island 100

Rhode Island Google New York Maine 100

PYMNTS

DECEMBER 3, 2018

Sheldon Whitehouse (D-Rhode Island), would introduce incentives for small business owners that want to maintain ownership of their companies. According to The Wall Street Journal ( WSJ ) on Friday (Nov. 30), two U.S. million or less in debt. The Small Business Reorganization Act of 2018, introduced Thursday (Nov. 29) by Sen.

Rhode Island 124

Rhode Island North Carolina US Iowa 124

PYMNTS

JULY 16, 2019

Across a trio of hearings , Facebook was grilled about Libra , the cryptocurrency program that has been increasingly drawing scrutiny from regulators. Cicilline noted there have not been challenges from antitrust regulators. There was a separate panel on Google and censorship. In commentary, Rep.

Rhode Island 100

Rhode Island Google Apple Regulation 100

PYMNTS

DECEMBER 2, 2019

The move, according to the publication, would subject the digital coin to “a set of extensive and well established regulations.”. However, we believe that it is important to regulate activities and not technologies, allowing for responsible innovation to flourish.”. Apple Gets a Look Too. Citigroup Fined.

Rhode Island 108

Rhode Island United States Texas Washington 108

American Banker

OCTOBER 18, 2023

The Rhode Island-based bank is bolstering its cash position in the face of worries about office loans, stricter capital requirements for regional lenders and the possibility of economic shock from overseas conflicts.

Rhode Island 48

Rhode Island Regulation Regional Capital 48

American Banker

MARCH 4, 2025

Liquidation would close out a five-year drama that began when regulators cited the bank for SBA lending irregularities. Independence Bank can cease operations once it satisfies the conditions in an FDIC consent order.

Rhode Island 36

Rhode Island FDIC Lending Regulation 36

PYMNTS

JUNE 11, 2019

David Cicilline, Democrat of Rhode Island and antitrust committee chairman, said the Tuesday panel marks “the first significant antitrust investigation undertaken by Congress in decades.”.

Industry 128

Industry Rhode Island Google Georgia 128

PYMNTS

JULY 15, 2016

Santander is a national bank based in Wilmington, Delaware, and operates a network of close to 700 retail branch offices in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania and Rhode Island.

Rhode Island 100

Rhode Island Delaware New Hampshire New Jersey 100

PYMNTS

FEBRUARY 14, 2018

Coinsource , the world’s largest bitcoin ATM network, has rolled out 10 new machines in Rhode Island, New Hampshire and Massachusetts. And while some want more cryptocurrency regulation, it may not come from the European Central Bank (ECB), Reuters reported.

Bitcoin 100

Bitcoin Rhode Island cryptocurrency New Hampshire 100

PYMNTS

SEPTEMBER 13, 2019

“Today’s document requests are an important milestone in this investigation as we work to obtain the information that our Members need to make this determination,” Congressman David Cicilline of Rhode Island, who chairs the subcommittee and is leading the antitrust investigation, said in a statement.

Rhode Island 100

Rhode Island Google Apple Regulation 100

PYMNTS

JUNE 12, 2019

David Cicilline, Democrat of Rhode Island and antitrust committee chairman, said the Tuesday panel marks “the first significant antitrust investigation undertaken by Congress in decades.”.

Industry 108

Industry Rhode Island Google Georgia 108

PYMNTS

FEBRUARY 4, 2020

Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.”. And New Hampshire is far from unique: According to the Monitor’s reports, both Connecticut and Rhode Island have seen similar results with their online gambling platforms.

Online 134

Online New Hampshire Rhode Island District of Columbia 134

PYMNTS

SEPTEMBER 11, 2018

Three other states are ready to do so, according to one analysis : Pennsylvania, New York and Rhode Island — all of which have some form of pre-fabricated legislation paving the way for sports betting. The state allows both online and offline sports betting, with regulation oversight provided by the West Virginia Lottery Commission.

West Virginia 100

West Virginia Kentucky Rhode Island Mississippi 100

PYMNTS

JULY 30, 2020

Well, subcommittee Chairman David Cicilline of Rhode Island ended the hearing by saying that all firms “have monopoly power.”. Some need to be broken up; all need to be properly regulated and held accountable.”. How did Big Tech do in defending itself?

Google 150

Google Rhode Island Apple Data 150

MyBankTracker

JANUARY 13, 2021

Rhode Island $11,774 $5,388. Rhode Island $10,023 $4,603. There are also specific regulations that apply depending on where in the state you live. Louisiana $12,702 $6,044. Connecticut $11,471 $5,611. Kentucky $10,711 $3,775. Nevada $9,996 $4,903. Florida $9,456 $5,452. DC $9,383 $3,816. Delaware $9,165 $3,570.

Rhode Island 52

Rhode Island Policies Michigan National 52

CB Insights

MARCH 27, 2019

into cybersecurity startups globally — especially as tech companies have been largely at the center of privacy regulation issues. Currently, the company is involved in a class action lawsuit with Rhode Island’s Pension Fund related to the data breaches. Collectively, FAMGA has poured nearly $2.5B

Google 76

Google Apple Security Data 76

Abrigo

MAY 15, 2020

The Department of Justice (DOJ) recently charged two businessmen in Rhode Island with fraudulently seeking PPP loans, the first in the country linked to the loan program. In the case of the two men in Rhode Island, there were several red flags pointing to fraud. Industry officials warn it won’t be the last.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

PYMNTS

JULY 22, 2019

David Cicilline of Rhode Island got into a spirited debate with Amazon ’s associate general counsel Nat Sutton at a hearing this week over whether or not Amazon’s access to third-party data through its marketplace in its creation and promotion of private label brands.

Washington 144

Washington Rhode Island Missouri New York 144

CFPB Monitor

SEPTEMBER 13, 2018

Referencing the language in Regulation B and Regulation B Commentary regarding the “effects test,” the AGs argue in their letter that the regulations implementing the ECOA have continuously interpreted the statute as providing for disparate impact liability.

Rhode Island 60

Rhode Island District of Columbia North Carolina Vermont 60

CB Insights

NOVEMBER 9, 2017

The company also found itself confronted by conflicting energy program mandates and regulations. Select VC Investors: Rhode Island Economic Development Corporation. Add it all up, including interest, and already-cash-strapped Rhode Island could be out as much as $110 million on the loans. via GreenTech Media.

Capital 78

Capital Company San Francisco Operations 78