On March 12, the Wyoming governor signed SF 26, which amends the preexisting licensing law to authorize the state’s collection agency board to use information from, and furnish information to, the nationwide multistate licensing system (NMLS) to assist in the regulation of the debt collection industry. In addition, among other things, SF 26 allows the board…
John Kromer was quoted in Katie Rucke’s PennRecord article, “Commonwealth Court Rules Against Florida Online Lenders,” on March 21, 2016. A recent Commonwealth Court decision against Florida-based companies should serve as a warning to lenders that do business over the Internet, a Washington, D.C., attorney says. The Commonwealth Court earlier this year upheld a cease-and-desist order first…
WASHINGTON, DC (March 7, 2018) – Buckley Sandler LLP today formally announced the launch of APPROVED, a new approach to licensing for financial services companies. Buckley Sandler is building upon years of financial services experience and licensing know-how to offer APPROVED, a technology-enabled, fixed-fee service that will help regulated businesses — mortgage companies, payments companies, consumer…
WASHINGTON, DC (December 4, 2017) – Buckley Sandler LLP announced today that Tim Lange has joined the firm’s Washington, DC office as Director of Licensing. He will be a member of the firm’s Licensing & Chartering practice, which advises mortgage companies, payments companies, online lenders, fintech companies, debt collectors, banks, and other financial services institutions on meeting licensing requirements and understanding…
On March 15, 2017, the Office of the Comptroller of the Currency (OCC) issued further guidance regarding how it will evaluate applications by fintech companies to become Special Purpose National Banks (SPNBs). In its release, the OCC summarized the more than 100 comments it received in response to its December 2016 white paper and provided…