Finovate

SEPTEMBER 18, 2024

The purpose of this stipulation is to ensure consumers are able to access their funds without delays and to increase the reliability of custodial funds arrangements. Consumer protection and transparency Consumer protection is the underlying reason behind the new proposed rule.

Rules 52

Rules FDIC Non-Bank Money Laundering 52

Neopay

APRIL 8, 2024

Under the forthcoming legislation, PSPs will have the authority to delay outbound payments for up to four business days if there are reasonable grounds to suspect fraud or dishonesty. This extends the current requirement, which mandates crediting the transaction amount to the payee’s account by the end of the next business day.

Service Provider 52

Service Provider Due Diligence Fraud Prevention Payments 52

The Fintech Times

JULY 31, 2024

But I’m not so sure that these organisations are fully aware of the IRS regulations that have already begun to come into effect about additional reporting requirements for collecting over only $600 on these apps. “Adhering to stringent data protection laws is a primary challenge.

Compliance 63

Compliance AML Regulations Due Diligence 63

Finovate

JUNE 20, 2024

The newer regulations are more complex and reporting on them is more frequent. Compliance platforms of the past are not able to cope with these new kind of reporting requirements. As a private SaaS platform, our proprietary AI software addresses the newer compliance requirements with ease.

Compliance 52

Compliance Regulatory Compliance Regulations AI 52

PYMNTS

APRIL 28, 2016

The agency, she said, is using the rules on the biggest market participants “to really expand its supervisory authority, including over emerging lenders, and the statute allows for that.”. As of right now, marketplace lenders have no direct federal supervisor, though they are still subject to FTC and CFPB consumer protection laws.

CFPB 40

CFPB Consumer Protection Regulatory Compliance FTC 40

The Payments Association

OCTOBER 11, 2024

The Financial Conduct Authority’s (FCA) proposed reforms to strengthen consumer fund safeguarding in the payments and e-money sectors. The reforms aim to address weaknesses in safeguarding practices, reduce consumer fund risks, and enhance regulatory compliance, particularly in preventing fund shortfalls.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

FICO

DECEMBER 15, 2020

For the past several years, industry has been anxiously waiting for the FCC to clarify one of the most unsettled areas of the now antiquated, nearly three decades old Telephone Consumer Protection Act. In short, I believe the new debt collection rules will largely remain intact, at least for the foreseeable future.

BSA 52

BSA Suspicious Activity Report (SAR) Financial Inclusion AML 52