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Daily Archives: July 20, 2021

DFPI addresses cryptocurrency MTA licensing exemptions

InsightsBy APPROVED LicensingJuly 20, 2021

A new opinion letter covers aspects of the California Money Transmission Act related to certain cryptocurrency activities.

Vermont rescinds combination license option

InsightsBy APPROVED LicensingJuly 20, 2021

Between July 1 and Sept. 30, companies that hold a combination license must transition back to the appropriate licenses in order to conduct business in the state.

Colorado expands student loan servicer provisions

InsightsBy APPROVED LicensingJuly 20, 2021

The updates to the Student Loan Servicers Act cover private lenders, creditors, and collection agencies connected to postsecondary non-federal student loans.

Colorado enacts Nonbank Mortgage Servicers Act

InsightsBy APPROVED LicensingJuly 20, 2021

The Colorado Nonbank Mortgage Servicers Act provides additional consumer protections through the regulation of mortgage servicers.

Massachusetts allows work from home for some entities

InsightsBy APPROVED LicensingJuly 20, 2021

The guidance replaces any previous guidance issued by the Division of Banks of the Massachusetts Office of Consumer Affairs and Business Regulations regarding telework and will continue, unless modified or withdrawn.

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