DFPI concludes MTA licensure not required for donations to NPOs
A new opinion letter examines whether donations to nonprofit organizations are exempt from the California Money Transmission Act.
Louisiana proposes virtual currency business licensing rules
The Louisiana Office of Financial Institutions (OFI) published the proposed rules in the Louisiana Register to implement the Louisiana Virtual Currency Business Act (VCBA).
Louisiana enacts student loan servicer provisions, establishes requirements for private education lenders
Among other things, the acts prohibit servicers from misleading student loan borrowers and outline provisions related to private education lenders.