NYDFS reminds institutions to seek prior approval before engaging in virtual currency activities
The New York agency noted that this requirement also applies in situations where any portion of the activity will be handled by a third party.
DFPI issues reminder to debt collection licensing applicants
Starting January 1, 2023, the California agency will begin approving applications under the Debt Collection Licensing Act.
Collection firm to pay $100,000 for operating without a license
The Connecticut Department of Banking also ordered the firm to cease and desist from collection activity for operating without a valid license.