Global Fintech & Digital Assets

JANUARY 12, 2024

Endnotes [1] The FFIEC members are the Board of Governors of the Federal Reserve System (FRB), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Consumer Financial Protection Bureau (CFPB), the National Credit Union Administration (NCUA), and the State Liaison Committee. [2]

FFIEC 52

FFIEC Process FRB Consumer Financial Protection Bureau (CFPB) 52

PYMNTS

MARCH 2, 2020

The February 2020 The Credit Union Tracker ® notes that many CUs already utilize the Automated Cybersecurity Examination Tool provided by the National Credit Union Administration ( NCUA ). That program is detailed in the February Tracker, as are efforts including the California Consumer Privacy Act (CCPA).

Credit Union 52

Credit Union Credit Union Service Organization NCUA CCPA 52

PYMNTS

DECEMBER 27, 2019

There is a sense, however, that CUs themselves bear responsibility for falling behind the digital banking trends that first took hold with consumers. The National Credit Union Administration (NCUA) trade group reported that net income for credit unions fell by 1.1 Digital Unison.

Credit Union 52

Credit Union Credit Union Service Organization NCUA Instant Payments 52

Innovative Payments Association

FEBRUARY 24, 2025

As evidence of this, Rodney Hood, the former chairman of the National Credit Union Administration Board (NCUA) , was appointed to be the acting comptroller on Feb. The pieces on the regulatory chess board are lining up as the Administration nominates new heads for the regulatory agencies.

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency FDIC CFPB 40

PYMNTS

AUGUST 27, 2019

The change will allow CUs to serve as alternatives to payday lenders, which is a benefit to consumers as the institutions can only charge a maximum annual percentage rate of 42.6 percent in the U.K. Payday loans can have interest rates as high as 5,000 percent, however. CUs are facing more scrutiny in the U.S.,

Credit Union 49

Credit Union NCUA Non-Bank Money Laundering 49

PYMNTS

MARCH 20, 2018

Earlier this month, Senate lawmakers advanced the Economic Growth, Regulatory Relief and Consumer Protection Act, which would exempt credit unions and small banks from regulations implemented under the Dodd-Frank Act, to a vote on the chamber floor. Mark McWatters , head of the National Credit Union Administration (NCUA).

Credit Union 44

Credit Union NCUA Community Banks P2P 44

PYMNTS

OCTOBER 12, 2016

The Consumer Finance Protection Bureau suffered a major blow in Federal Appeals Court yesterday when a three judge panel ruled that parts of its leadership structure are unconstitutional. Although the FRB, ITC, SEC, FDIC, FCC, NCUA, etc., This decision was taken as part of mortgage lender’s PHH Corp. Bush appointee.

CFPB 60

CFPB Rules FRB NCUA 60

PYMNTS

AUGUST 3, 2020

Google’s banking services strategy is an effort to reinvent the banking experience for consumers by enabling them to connect commerce to their customers underlying bank accounts via Google Pay. Financial institutions will be able to reduce their servicing costs, fight fraud and enhance their consumer offerings.

Accounts 95

Accounts Credit Union NCUA Community Banks 95

PYMNTS

JUNE 21, 2019

This means financial institutions must evaluate their existing offerings and ensure they are meeting consumer demand,” said Gabe Krajicek, CEO at Kasasa. Roosevelt in 1934, gave the National Credit Union Administration (NCUA) the authority to set maximum credit union interest rates. Otherwise, they will lose out to megabanks.”.

Credit Cards 40

Credit Cards Credit Union Caps Laws 40

The Fintech Times

NOVEMBER 4, 2024

US government agency, the Consumer Financial Protection Bureau (CFPB) has fined Florida-headquartered VyStar Credit Union $1.5million for failing to protect consumers during its ‘botched’ rollout of a new online banking system. The CFPB and the NCUA worked to contain the fallout from VyStar’s misconduct.

Credit Union 59

Credit Union CFPB Consumer Financial Protection Bureau (CFPB) NCUA 59

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. With strong momentum building, 2021 has the promise of realizing significant progress in this area.

BSA 52

BSA Suspicious Activity Report (SAR) Financial Inclusion AML 52

The Payments Association

JANUARY 31, 2025

the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), or the National Credit Union Administration (NCUA)) are not included in the Working Group, especially given the allegations of an ‘Operation Choke Point 2.0.,’

Stablecoins 88

Stablecoins Office of the Comptroller of the Currency Treasury Regulations 88