DFPI addresses MTA licensure requirements in new letters
The opinion letters cover aspects of the California MTA related to bitcoin ATMs and kiosks and the Agent of Payee exemption.
Texas adopts numerous mortgage-related provisions
It is recommended Mortgage Company, Mortgage Banker, and MLO licensees in Texas review the amendments to these new rules.
FATF updates virtual assets and service provider guidance
The Financial Action Task Force updated pre-existing guidance on its risk-based approach to VAs and VASPs originally released in 2019.
NYDFS issues proposed amendments to debt collection rules
The agency issued draft proposed amendments to 23 NYCRR 1, which regulates third-party debt collectors and debt buyers.
Connecticut Department of Banking to adopt electronic surety bonds [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
West Virginia NMLS renewal submissions [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
Update: NMLS intermittent issues [nmls.org]
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APPROVED Checkpoint: Key takeaways from latest NMLS Ombudsman meeting
The virtual meeting focused on the NMLS modernization effort, the SES, the pandemic and remote work, and the CSBS Money Transmitter Model Law.
NMLS seeks comments on changes to Money Services Businesses Call Report
CSBS issued a request for public comments on behalf of NMLS-participating state regulatory agencies. Comments are due December 17.
Creditor must pay fine for collecting debts under a different name
A North Carolina-based company allegedly used a name other than its legal name when collecting unpaid debts without a Connecticut consumer collection agency license.
State regulators urge early NMLS renewals amid increase in eligible licensees [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
2022 annual renewal period begins Nov. 1 [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
NMLS online support request option available starting Nov. 1 [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
Upcoming deadlines: California and New Jersey license annual assessments
First up is California, with Department of Financial Protection and Innovation invoices for California Financing Law licensees due in full by October 31, 2021.
North Carolina creates regulatory sandbox
Participants will have 24 months to test an innovative product or service on consumers in the state without being subject to state laws and regulations that normally would regulate such products or services.
You have license renewal questions, we have answers [Webcast Archive]
In this webcast, we answered audience questions, discussed key renewal items, and shared some tips on how to make the process more manageable.
Hawaii enacts installment loan provisions
The bill amends certain provisions related to small dollar lending requirements and specifies various consumer protection requirements.
CA governor signs legislation on money transmission website requirements
Licensees must provide a toll-free telephone number to contact for customer service issues and to receive live customer assistance.
Get ready – The 2022 annual renewal period starts soon [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
Connecticut to adopt electronic surety bonds [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.