PYMNTS

MAY 19, 2020

This means that CEOs and executives should be required to periodically conduct due diligence to ensure that they still meet the relevant eligibility criteria. Warren said she still hoped that “the Fed will impose stronger conditions attached to these funds, as I have previously requested.”. Elizabeth Warren (D-Mass.)

Federal Reserve 78

Federal Reserve Due Diligence Fed Procedures 78

PYMNTS

MARCH 22, 2016

This internal document that was reportedly seen by Bloomberg’s team gives some insight into the Fed’s plan to recover the stolen funds and what action it can take on the legal side. It also appears to show communication between the Fed and the central bank, which includes heightened security measures following the hacking.

Fed 40

Fed Federal Reserve FRB Money Laundering 40

PYMNTS

MAY 12, 2020

Due Diligence Shortcomings. But the unprecedented nature of the PPP program meant less time for Know Your Customer (KYC) and other due diligence checks that are so important for financiers. “The idea was, presumably, that they didn’t have time for their normal due diligence,” he said.

Due Diligence 61

Due Diligence Small Business Payroll Account Takeovers 61

The Fintech Times

NOVEMBER 20, 2024

“Regulators across the globe have become more familiar and encouraging of technology, and this has been fed into the broader regulatory environment. It is important to understand that not everyone has the expertise to conduct due diligence on every company they want to work with.

Regulations 72

Regulations Security Accreditation Rules 72

Finovate

APRIL 10, 2024

In addition to two consent orders issued this month to Sutton Bank and Piermont Bank; Lineage Bank, Blue Ridge Bank, Cross River Bank, Green Dot, and First Fed Bank have all been hit with consent orders in recent months. Since late 2023, the FDIC and CFPB have issued seven consent orders because of BaaS-related issues.

Due Diligence 52

Due Diligence Privacy FDIC Compliance 52

PYMNTS

OCTOBER 26, 2018

But even as regulators like the Fed in the U.S., The tool integrates with existing Legal Entity Identifier (LEI) databases to support due diligence, KYC and AML compliance, and enables banks to send — and corporates to respond to — requests for information initiated by the identitii platform.

Remittance Data 60

Remittance Data ACH Request for Information RTP 60

Faster Payments Council

SEPTEMBER 23, 2023

Speakers: Matt Brazda, Cross River; Mayank Singhal, Circle; Scarlett Heinbuch, Atlanta Fed; Marcia Klingensmith, FinTech Consulting 3:10pm-3:20pmCT: Networking Break (Foyer) 3:20pm-4:25pmCT: Panel Session – Accelerate the Pace of Faster Payments Implementation in the U.S.

FPC 88

FPC Federal Reserve RFP Faster Payments 88