Regulatory

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5 Ways Banks and Credit Unions Misread Consumers Today

Financial marketers can easily tick off the A-list issues theyre wrestling with. But whats out there that many bank and credit union leaders arent discussing? We asked attendees of The Financial Brand Forum what subjects arent getting enough attention.

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On the Money: How New Rules for Debt Collectors Affect You

NEW YORK-The next text message you receive may not be a funny picture from your mom, or an update on how late your friend will be to brunch. It could be a debt collector. The Consumer Financial Protection Bureau has proposed new rules to govern how third-party debt collectors contact borrowers.

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Samsung Furthers on Its Positive Stance on the Cryptocurrencies

Samsung Pay accounts for nearly 80 percent of the market payments in South Korea. Cryptocurrency integration is considered to be an essential strategy for Samsung to expand on its user base. A significant percentage of the South Korean population is keen on cryptocurrencies.

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Facebook Could Fix the News Industry With Micropayments—Unless Kik Does It First

Josh Edelson—AFP/Getty Images It’s a problem that’s long flummoxed media outlets, and also one that’s increasingly frustrating consumers: The inability to pay a small sum, such as 25 cents or $1, to read an article online.

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Banking Unicorn N26 Rapped by German Regulator in Money Laundering Probe

Digital banking startup N26 has been ordered by the German banking regulator to step up its anti-money laundering policies, after a probe found the fintech firm was deficient in several areas.

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How to Win the Disruption Wars

CHICAGO – As Gray Taylor prepared for his presentation at the NACS State of the Industry Summit, he noticed a buzzard-or was it a wild turkey?-sitting outside his hotel room window. He considered it an omen, and not a good one. It’s not as if the disruptors of the world are circling convenience stores specifically.

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New U.S. House Committee Task Forces on Fintech and AI to Investigate Identification Tech

The U.S. House Committee on Financial Services is creating a pair of task forces, one to investigate financial technology and another to investigate artificial intelligence, Committee Chairwoman Maxine Waters (D-CA) has announced.

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Jim Flynn: New Rules on Way for Debt Collectors

Debt collection is big business. The Consumer Financial Protection Bureau estimates debt collection is now an 11.5 billion industry employing 118,500 people at 7,700 agencies. The New York Times recently reported more than 70 million Americans now have a debt in collection.

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Like It or Not, Debt Collectors May Be Texting and Emailing You Under New Rules

The Consumer Financial Protection Bureau, under President Donald Trump, already has moved to make life easier for payday lenders. It’s expected any day now to do the same for debt collectors.

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High Court Deals Apple a Sharp Setback

in a major legal setback for apple the US Supreme Court on Monday gave the green light for a sweeping anti trust lawsuit against the tech giant to move ahead apple shares fell about five percent after the High Court in a five four ruling upheld the lower court’s decision allowing the class action suit […]

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Apple’s SCOTUS Setback Jeopardizes Apple Pay’s Momentum

Apple’s aggressive posture when it makes moves in retail and payments has drawn a lot of pushback and controversy, but its setback in the Supreme Court could be the most dire threat yet to the growth of Apple Pay.

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CFPB Opens Door to Rewrite of 2009 Overdraft Rule

The Consumer Financial Protection Bureau is conducting a review of the Federal Reserve’s 2009 overdraft protection rule to determine the effects on small banks and credit unions. The CFPB said Monday it is seeking public comment on whether the overdraft rule should be amended or rescinded to minimize any significant economic impact.

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