Bobsguide

OCTOBER 24, 2018

Chris Larson, executive chairman and co-founder of Ripple, said mistakes have been made in the ways in which regulators have dealt with cryptocurrencies. “Washington is in a learning phase,” he told an audience at Money20/20. “I have to say there was a debacle with the industry.

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Washington cryptocurrency Regulation Industry 141

PYMNTS

MARCH 31, 2019

Facebook CEO Mark Zuckerberg wrote an opinion piece in The Washington Post calling on regulators to take a “more active role” in making rules for how to police the internet, according to reports. “By

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Perficient

AUGUST 5, 2021

Background: On June 11, 2021, the Federal Reserve published in the Federal Register a proposal to amend Regulation J to govern funds transfers through the Federal Reserve Bank’s new FedNow Service by establishing a new subpart C. Interbank wires will now move funds faster than Venmo. Comments must reference Docket No.

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PYMNTS

MARCH 31, 2020

The necessity of such regulations is undeniable, however, as lagging data standards leave businesses and consumers open to fraud and boost frustration regarding the speed of digital transactions. Discussions can be further complicated by world events that change the way FIs, businesses and consumers interact. Sixty-three percent of U.S.

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PYMNTS

JULY 6, 2020

Lawmakers are expected to release a report on their antitrust investigation within a few weeks, and the outcome of that investigation is expected to come with new legislation that will reform and regulate the digital landscape. tech scene and he wants to change that.

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Washington Google Apple Tools 186

Gonzobanker

NOVEMBER 22, 2022

Well, Gonzobankers, the smart, idealist and self-declared revolutionary crypto kids just bought themselves a future of regulation — intricate, overbearing, and frustrating regulation, and regulation that the market will now demand. Welcome to adulthood, y’all. What’s Next? But please, don’t get cocky.

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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.

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Data Washington Industry Customer Experience 300

CFPB Monitor

DECEMBER 21, 2022

The Washington Department of Financial Institutions has adopted regulations effective December 31, 2022 to implement amendments to the Consumer Loan Act permitting licensed companies to allow licensed mortgage loan originators to work from their residence without licensing the residence as.

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Washington Regulation Company 78

Finer Points

MAY 29, 2014

Department of Justice-led joint effort with federal regulators designed to choke off access to banking services by businesses engaged in fraudulent or otherwise illegal activities. Washington' The public policy end was to protect Americans by driving seedy, fraud-laden businesses out of business.

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PYMNTS

JULY 7, 2019

regulators and politicians increase their focus on Big Tech and associated areas, with recent hearings targeting Facebook and Google. The newspaper said that “crypto’s backers in Washington say regulatory clarity is vital to the sector’s growth. Even so, “regulation remains a stumbling block to cryptocurrency’s wider adoption.

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Regulation cryptocurrency Bitcoin Washington 128

Abrigo

JULY 19, 2019

The conference brought together regulators, bankers, economists, and others to discuss the most important annual check on the stability of the banking system. Although most bankers and regulators will find the results to be good news for the industry, conference attendees’ sentiment towards future tests were divided.

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Finer Points

OCTOBER 6, 2014

A new report exposing the New York Fed’s coddling of Wall Street megabanks—particularly Goldman Sachs—is making waves in Washington. The ProPublica report exposes the New York Fed’s culture of deference to the megabanks it is charged with regulating as well as its marginalization of the few examiners who have spoken out. […].

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Bank Innovation

APRIL 25, 2019

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

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Fintech FDIC Washington Conference 186

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.

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PYMNTS

AUGUST 1, 2019

Investigators from the Federal Reserve carried out an inspection of Amazon ’s cloud in April as Washington looks into ways to regulate companies that provide the service. People familiar with the matter said the regulators were most interested in looking at Amazon’s resiliency and backup systems.

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PYMNTS

JANUARY 11, 2019

banking regulators asked lenders to help workers who couldn’t pay their bills or needed credit in the meantime, according to a report from Reuters. 10) at a luncheon in Washington, D.C., As Friday (Jan. 11) came and went and government workers affected by the 21-day shutdown didn’t receive paychecks, U.S. On Thursday (Jan.

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Regulation social media Washington Conference 139

PYMNTS

DECEMBER 6, 2019

As suspicions surrounding the app’s ties to China continue to increase, TikTok chief Alex Zhu will meet with legislators in Washington, D.C. TikTok is facing mounting pressure from lawmakers as well as regulators in the U.S., Marsha Blackburn (R-Tenn.), and the firm has reportedly been having meetings about whether to rebrand.

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Washington social media National Meeting 100

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. Well, they don’t.

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PYMNTS

JUNE 19, 2019

Sandberg also said the company is seeking some regulation and noted that the General Data Protection Regulation (GDPR) in Europe is a “good blueprint” for lawmaking in the U.S. “We The company, for instance, rolled out a fact-checker verification program and increased government engagement, The Wall Street Journal reported.

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Regulation social media Washington Report 116

BankInovation

OCTOBER 11, 2021

Chief Executive Officer Jamie Dimon said that cryptocurrencies are going to be regulated as anxiety around stablecoins and the asset class more broadly has been growing in Washington. JPMorgan Chase & Co.

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Regulation Washington cryptocurrency blockchain 97

PYMNTS

SEPTEMBER 25, 2019

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. The legislation aims to ensure that state-authorized and regulated cannabis businesses are not forced to operate with cash only.

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Chris Skinner

JUNE 19, 2016

This week’s news was a summary of the White House Fintech Summit that took place in Washington on June 10.

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Washington Regulation Digital Banking Innovation 150

PYMNTS

JULY 1, 2019

The Internet Association , which is based in Washington and includes Google, Facebook, Microsoft and Twitter , said the rules are too broad, don’t protect privacy and will “produce a chilling effect on freedom of speech.”. So, it has to be an independent regulator, with partial government oversight,” Shepherd said. “We

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South State Correspondent

JUNE 28, 2016

We attended a full day session at the OCC in Washington D.C. We give the OCC props for organizing this first class workshop that brought lawyers, fintech, banks, community activists, consultants and regulators together to exchange ideas. last week about responsible innovation.

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PYMNTS

DECEMBER 9, 2020

We look forward to engaging with local policymakers to increase understanding of the impact pricing regulations have, and solutions that better serve customers, Dashers, and restaurants,” a representative for DoorDash said in a statement, per Reuters. Multiple states have put caps on the fees that apps and platforms can charge on eateries.

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American Banker

JULY 2, 2023

How regulators shore up banks without driving their customers away is the source of a spirited philosophical debate in Washington. Higher capital requirements tend to drive certain lending activities away from banking and toward so-called shadow banks.

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Capital Regulation Washington Lending 87

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. Considering t he global nature of COVID-19, regulators outside of the U.S. Security .

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PYMNTS

OCTOBER 3, 2019

Representatives from all 28 Libra backers were set to meet in Washington on Thursday (Oct. It doesn’t seem that there was a lot of pre-work done with regulators,” the source of the information told the times. The currency has been criticized by regulators around the world.

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Meeting Regulation Washington cryptocurrency 172

CFPB Monitor

JANUARY 9, 2024

1874), denominated the “predatory loan prevention act”, was pre-filed for introduction in the Washington state legislature December 5, 2023, and referred to the House Committee on Consumer Protection and Business on January 8, 2024. House Bill 1874 (H.B.

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Washington Regulation 78

Perficient

DECEMBER 21, 2023

Regulators to Bank Boards: “Debt is Good” Crucial Update: Extension of the Comment Period Since Perficient’s Risk and Regulatory Compliance Center of Excellence (CoE) analyzed this decision in September, a significant development has occurred. Learn More: U.S.

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DC FDIC Washington Compliance 221

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. ”

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American Banker

MAY 20, 2020

Four federal agencies offered guidance Wednesday on how to offer products that compete against payday loans without incurring Washington's wrath. The announcement could spark the rebirth of deposit advances, which were regulated out of existence during the Obama administration.

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Regulation Washington How To FDIC 83

PYMNTS

SEPTEMBER 18, 2019

Zuckerberg is scheduled “to meet with policymakers and talk about future internet regulation” on Thursday (Sept. Maria Cantwell of Washington confirmed she met with Zuckerberg on Wednesday evening, according to CNBC. Facebook CEO Mark Zuckerberg is set to testify on Capitol Hill once again. A spokesperson for Sen.

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DC Puerto Rico District of Columbia Regulation 100

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).

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Meeting Washington Regulation Groups 181

PYMNTS

MAY 11, 2020

As it stands, one exchange based in Washington state touted approximately $300 million of cover for offline accounts with another two companies promoting coverage of $200 million and higher. Digital currency insurance, for its part, has been challenging during the last couple of years, including for large exchanges.

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blockchain Retail Bitcoin Regulation 168

PYMNTS

MARCH 25, 2019

as these devices multiply in number, with the Internet of Things Cybersecurity Improvement Act of 2019 currently making the rounds in Washington, D.C. The bipartisan bill proposes several changes to how connected devices are treated, including general recommendations, standards and regulations for greater user protections.

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CFPB Monitor

AUGUST 10, 2023

We then look at the role of banks in crypto-related activities, the response of federal and state bank regulators, and the role of crypto in recent bank failures. . Continue Reading

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cryptocurrency Washington Regulation System 143