Global Fintech & Digital Assets

DECEMBER 18, 2023

By Jenny Cieplak , Parag Patel , Barrie VanBrackle , and Deric Behar On November 7, 2023, the Consumer Financial Protection Bureau (CFPB) proposed a rule, Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications (the Proposal), to supervise large providers of digital wallets and payment apps.

CFPB 75

CFPB Regulations Consumer Financial Protection Bureau (CFPB) Non-Bank 75

PYMNTS

OCTOBER 26, 2018

In fact, identitii’s own research estimates that as much as 8 percent of SWIFT network messages are held up every day because there is not enough information linked to a payment for an institution to be able to process it (that equates to 2.4 “That’s a big expense for banks,” he noted.

Remittance Data 60

Remittance Data ACH Request for Information RTP 60

PYMNTS

MAY 9, 2016

But these actions have been more to gather information on how the market works and not to crack down on any practices that have emerged thus far. And alternative lenders have been engaging in those requests for information (Lending Club is one of the larger platforms to have revealed its response to the Treasury’s request for information).

Regulations 40

Regulations Request for Information Small Business Federal Reserve 40

Nanonets

SEPTEMBER 22, 2023

The  vendor selection process  consists of establishing business goals, locating and selecting the right vendor, conducting an initial risk assessment, negotiating  contracts ,  supplier onboarding , and  risk mitigation  and management. Establishing Business Goals 2. Locating and Selecting the Right Vendor 3.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Due Diligence 40

Nanonets

JUNE 13, 2024

RFx materials may include requests for information (RFIs), proposals (RFPs), and quotes (RFQs). It then moves to researching suppliers, assessing prices, sending information requests, finalizing supplier selections, creating purchase orders, receiving the products, and fulfilling invoice payments.

Automation 52

Automation Process P2P On-Demand 52

FICO

MAY 31, 2017

On May 10, the Consumer Financial Protection Bureau (CFPB) issued a Request for Information (RFI) seeking to learn more about the small business lending market. As I previously discussed , any final rule issued by the CFPB faces the threat of Republicans in Congress adopting a joint resolution to rescind the regulation.

Small Business 45

Small Business CFPB Consumer Financial Protection Bureau (CFPB) Rules 45