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.
A new opinion letter examines whether donations to nonprofit organizations are exempt from the California Money Transmission Act.
The Louisiana Office of Financial Institutions (OFI) published the proposed rules in the Louisiana Register to implement the Louisiana Virtual Currency Business Act (VCBA).
Among other things, the acts prohibit servicers from misleading student loan borrowers and outline provisions related to private education lenders.
APPROVED Director Kristie Battershell joined attorneys from Buckley to discuss state supervision, enforcement, and multistate coordination.
Money lender licensees should be prepared to file their quarterly reports with the South Dakota Division of Banking in the next few weeks.
The California Department of Financial Protection and Innovation issued a notice of proposed rulemaking with written comments due by Aug. 8.
The new bills are effective July 1, 2022, and focus on requirements for licensed money transmitters and mortgage loan originators.
Learn more about this topic and others in the NMLS Resource Center.
All current licensees should have already received a communication from the Nevada Financial Institutions Division.
The Office of Consumer Affairs and Business Regulation, Division of Banks announced the final amendments, effective May 27, 2022.
The amendments take effect Jan. 1, 2023, and strike language repealing specified provisions and add, amend, and strike certain definitions, among other things.
Learn more about this topic and others in the NMLS Resource Center.
The three-part series kicked off with a look at state licensing and prudential standards led by Katy Ryan, APPROVED co-founder and Partner at Buckley LLP.
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The new bill also provides requirements for a money transmitter that receives virtual currency, among other things.
Learn more about this topic and others in the NMLS Resource Center.
Learn more about this topic and others in the NMLS Resource Center.
Learn more about this topic and others in the NMLS Resource Center.
The bill, among other things, creates provisions related to consistent licensure, application for licensure, and information requirements for certain individuals.
Among other things, the bill prohibits licensees from charging borrowers a prepayment penalty for paying all or part of a loan’s principle before the payment due date.