CFPB Monitor

AUGUST 29, 2018

The District of Columbia Department of Insurance, Securities, and Banking (DISB) published its final rules under the Student Loan Ombudsman Establishment and Servicing Regulation Amendment Act of 2016. The final rules became effective when published in the D.C. Register on August 10, 2018.

District of Columbia 68

District of Columbia Washington Regulation Security 68

Independent Banker

FEBRUARY 16, 2015

While Washington often moves at a glacial pace, it recently came to life to enact reforms benefiting bank and thrift holding companies. These reforms—one enacted by Congress, another by regulators—are designed to improve access to capital and to even reporting requirements for community bank and thrift holding companies. By Chris Cole.

Washington 70

Washington Community Bank Policies Community 70

Perficient

AUGUST 26, 2022

With the move to electronic trading and increased trade volume, FINRA has been considering ways to provide more timely and detailed data to the marketplace and regulators. Agency debt securities. Asset-backed securities (ABS). Agency pass-through mortgage-backed securities (MBS). Current Time Requirements.

Report 275

Report DC Security System 275

CFPB Monitor

MAY 20, 2019

As recently reported , the Washington, D.C. Department of Insurance, Securities, and Banking (DISB) published a Bulletin in late April reminding those who service student education loans in the District of Columbia of their obligation to file an annual report.

District of Columbia 68

District of Columbia Washington Report Regulation 68

PYMNTS

JANUARY 18, 2019

Regulators in the United States have reportedly met to discuss levying fines against social media giant Facebook , a punishment that could be sizable in scope and which comes in the wake of privacy violations. The government shutdown currently underway has meant that regulators have not as of yet responded to the Friday reports.

Regulation 128

Regulation social media United States Washington 128

CFPB Monitor

MAY 14, 2019

The Washington, D.C. Department of Insurance, Securities, and Banking (DISB) has published a Bulletin reminding those who service student education loans in the District of Columbia of their obligation to file an annual report.

District of Columbia 68

District of Columbia Washington Report Regulation 68

Bank Innovation

APRIL 25, 2019

WASHINGTON, D.C. Both regulators said proving the necessary capital and profitability have been particularly difficult for […].

Fintech 186

Fintech FDIC Washington Conference 186

PYMNTS

NOVEMBER 30, 2017

Privacy regulators of the European Union said Wednesday (Nov. According to a news report in Reuters , European data protection authorities said regulators from France, Italy, Spain, Belgium, the U.K. But it’s not just European regulators who want answers from Uber. Meanwhile, regulators in the U.K., Lawmakers in the U.S.

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Regulation Connecticut Illinois Massachusetts 100

PYMNTS

MARCH 27, 2020

While the advancement of open banking regulations may be seeing a small skip due to the spread of the coronavirus , many countries saw business and typical banking operations halted right after deciding upon new online privacy rules. Around The Data Protection And Security World. Security .

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Data Retail US California 199

PYMNTS

APRIL 14, 2020

The Financial Stability Board (FSB) – the regulatory watchdog of the Group of 20 (G-20) – warned global regulators that possible stablecoin disruptions should be addressed before Facebook’s Libra is released, according to a consultation report released on Tuesday (April 14).

Meeting 181

Meeting Washington Regulation Groups 181

Bank Innovation

FEBRUARY 26, 2020

The parameters around how consumer financial information should be shared with third-party apps and platforms was the subject of debate at an industry forum organized by the Consumer Financial Protection Bureau in Washington, D.C., on Wednesday.

Data 300

Data Washington Industry Customer Experience 300

PYMNTS

AUGUST 9, 2020

A plan by India to regulate what it terms “non-personal” data has roiled the executives of Big Tech companies like Amazon , Facebook and Google and advocates for freedom and competition in business, Reuters reported. The idea is for the companies to share data so as to spur research, national security and policymaking.

Data 168

Data US Washington Regulation 168

PYMNTS

SEPTEMBER 15, 2020

India intends to propose legislation prohibiting digital currency trading, while other economies in Asia have opted to regulate the market, Bloomberg Qint reported. South Korea and Singapore regulate digital currency trades, while China recently let bitcoin be exchanged as virtual property instead of fiat currency.

Bitcoin 167

Bitcoin cryptocurrency blockchain Analytics 167

PYMNTS

SEPTEMBER 25, 2019

1595, known as the Secure And Fair Enforcement (SAFE) Banking Act, on Wednesday (Sept. The bill was sponsored by Congressmen Ed Perlmutter of Colorado, Denny Heck of Washington, Steve Stivers of Ohio and Warren Davidson of Ohio, all members of the House Financial Services Committee. House of Representatives passed H.R.

Ohio 235

Ohio Colorado Washington California 235

CFPB Monitor

AUGUST 4, 2016

Earlier this year, in his appearance before the Senate Banking Committee and in remarks to the Consumer Bankers Association , Director Cordray attempted to defend the CFPB’s “regulation by enforcement” approach that relies on enforcement in place of rulemaking.

Regulation 60

Regulation Washington Industry System 60

Abrigo

FEBRUARY 25, 2022

The year 2021 saw a continuation of pandemic policies and changes, a new administration in Washington , and regulatory reform from the Financial Crimes Enforcement Network ( FinCEN ). As regulators get up to speed with new FFIEC Exam Manual updates, you may need to remind them that not all groups of customers present the same risk.

Regulation 195

Regulation Policies Compliance Washington 195

PYMNTS

JUNE 18, 2020

The American Gaming Association (AGA), the Washington, D.C.-based casinos are moving toward cashless gambling to protect customers and staff from the COVID-19 pandemic. based trade group for the $261 billion sector, has issued “Payments Modernization Policy Principles” that they say will guide the industry into ePayments.

US 166

US Nevada Guidelines Regulation 166

PYMNTS

OCTOBER 8, 2019

New regulation principles to govern digital currencies are in the works by the European Union’s finance commissioner after fears ignited by Facebook’s planned Libra coin launch, Reuters reported on Tuesday (Oct. The EU largely rejected regulations on cryptocurrency until Libra was announced in June.

cryptocurrency 174

cryptocurrency Meeting Washington Regulation 174

PYMNTS

MAY 8, 2019

Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). Chopra spoke at an agency forum in Washington, D.C.,

Lending 152

Lending Regulation Washington California 152

PYMNTS

MARCH 1, 2020

Health tech startup Accolade , with headquarters in Seattle and Philadelphia, filed with the Security and Exchange Commission (SEC) to raise $100 million for an initial public offering (IPO) on Friday (Feb. Lead book-running managers for the IPO included Goldman Sachs, Morgan Stanley and BofA Securities. 28), according to reports. .

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Mobile Philadelphia Seattle Washington 165

PYMNTS

FEBRUARY 5, 2019

“I think it is pretty obvious when you read stories about the payday lending industry – and how it goes wrong for customers – that consumers need a better alternative,” Onward Financial Founder Ronnie Washington said. In an effort to innovate a solution to these cash flow challenges, Washington founded Onward Financial. ”

Washington 178

Washington Kansas City Lending Kansas 178

PYMNTS

MAY 26, 2016

Those services launched into virgin territory in terms of regulation — businesses of this kind had never quite existed before — and so the rules and regs in place did not quite manage to directly address them. But the events of the week indicate that this area is not likely to remain quite so gray forever. The Big Austin Loss .

Regulation 100

Regulation Austin San Antonio United States 100

PYMNTS

SEPTEMBER 11, 2019

Jamal El-Hindi, the deputy director of the Financial Crimes Enforcement Network (FinCEN), spoke at the 2019 Money Transmitter Regulators Association Annual Conference on Wednesday (Sept. 11) about the importance of innovation and the regulation of non-banking financial institutions (NBFI), according to a release.

social media 116

social media Compliance Innovation Regulation 116

PYMNTS

MARCH 30, 2020

California Consumer Privacy Act (CCPA), Washington Privacy Act (WPA) and other new privacy and online transaction standards are changing how businesses interact with consumers’ data in the U.S. states are starting to implement new standards, too, with the CCPA introduced two months ago and WPA on the path to ratification in Washington.

United States 131

United States Retail Customer Experience Data 131

PYMNTS

JANUARY 19, 2021

In today’s top news, LendingClub gets approval to acquire Radius Bancorp, and GDPR fines have escalated as European regulators step up enforcement. Fines levied under the General Data Protection Regulation (GDPR) jumped almost 40 percent in the past 12 months as European Union (EU) regulators stepped up enforcement efforts.

DC 142

DC Payments Fraud Regulation 142

PYMNTS

SEPTEMBER 5, 2019

The social media giant has been facing a lot of scrutiny over Libra, from lawmakers and regulators all around the globe. He used to be the managing director of Credit Suisse Securities, and he has other clients that include Delta Air Lines and the American Financial Services Organization. Hollier used to work for Sen.

Idaho 122

Idaho cryptocurrency social media Washington 122

Chris Skinner

APRIL 11, 2017

I blogged recently about American banks beating up the regulators to stop account access via APIs. Here is his response … Dear Chris I don’t know of any facts to support the assertion that “In the USA, there is a move by the big banks to get Washington to outlaw access to bank data based on security.

US 299

US Policies Washington New York 299

PYMNTS

JULY 23, 2019

The social media giant is now compelled to address a growing number of fabricated exchanges associated with its digital asset, The Washington Post reported on Tuesday (July 23). It also introduces a new programming language, Move, designed to make it more efficient and secure.

social media 135

social media blockchain Washington cryptocurrency 135

CFPB Monitor

JANUARY 25, 2019

The Pennsylvania Department of Banking and Securities (“DoBS”) just released Guidance declaring that virtual currency, “including Bitcoin,” is not considered “money” under the Pennsylvania Money Transmission Business Licensing Law , otherwise known as the Money Transmitter Act (“MTA”).

Pennsylvania 60

Pennsylvania Security New Hampshire Texas 60

PYMNTS

NOVEMBER 30, 2020

He said people are talking more and more about the digital dollar, whether it’s on an individual level, in Washington or among U.S. or European central bankers and regulators. “I Privacy And Security. I think that changes the game when the government accepts [crypto],” he said.

Bitcoin 292

Bitcoin cryptocurrency Washington Security 292

PYMNTS

DECEMBER 26, 2018

According to one security expert, the answer is, unfortunately, yes. founder and managing director of cybersecurity venture firm AllegisCyber , and co-founder of DataTribe , a cybersecurity startup in Washington, D.C., Will the New Year bring an increase in cyberattacks? According to Robert Ackerman, Jr., ”

National 192

National Washington Data Security 192

PYMNTS

JULY 11, 2019

In a first-ever congressional hearing on marijuana law reform, the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security convened July 10 to debate altering federal law around cannabis, CNBC reports. Lawmakers went on the assumption that reforming federal marijuana laws is a given and used the hearing to discuss regulation.

Policies 199

Policies Washington America Meeting 199

PYMNTS

JUNE 19, 2020

Big News Of The Week: Mr. Bezos Is Going To Washington . Security Save Of The Week: Blocking The Biggest DDoS Attack Attempt Ever . antitrust regulators’ crosshairs over how it treats third-party sellers , Walmart and Shopify might have found a way to combine their powers to steal a bit more of Amazon’s territory.

Security 141

Security Georgia Branding Course 141

PYMNTS

NOVEMBER 2, 2020

In 2018, the Postal Service piloted the FBI partership program at two post offices in Washington, D.C. As facial recognition advances, tech companies are trying to get ahead of regulations. Department of Homeland Security (DHS). It has grown since then and served more than 30,000 customers.

US 191

US Washington Report Policies 191

PYMNTS

SEPTEMBER 28, 2017

Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) requirements. Overstock has a license for an alternative trading system through its acquisition of Pro Securities two years ago, according to CNBC. We can start moving these ICOs in and provide good, regulated trading,” Byrne said.

cryptocurrency 101

cryptocurrency Regulation System Security 101

PYMNTS

JANUARY 9, 2020

The company has also seen pressure from Washington over the security of its technology, as all large companies in China are government-regulated. Huawei Technologies has been especially successful in the country, and in Q3 of last year, it accounted for 43 percent of all phone shipments.

Apple 130

Apple Washington Regulation Report 130

PYMNTS

DECEMBER 14, 2020

The Commission Nationale de l’Informatique et des Libertés (CNIL), the French data protection watchdog, has hit Amazon and Google with significant financial penalties for allegedly contravening regulations on the digital advertising trackers known as “cookies,” CNBC reported. Amazon was told to pay 35 million euros (approximately $42.5

Google 132

Google social media Compliance Regulation 132