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Massachusetts Adopts the Model Money Transmission Modernization Act, Joining 25 Other States

With the passage of H.B. 4840 (the Act), the Commonwealth of Massachusetts becomes the 49th state to regulate domestic money transmission and repeals the existing money transmission law, which solely regulated foreign...more

Wisconsin Adopts Model Money Transmission Modernization Act, Joining 19 Other States

On April 4, 2024, the State of Wisconsin enacted S.B. 668 (the Act), repealing the state’s existing Seller of Checks Act, which solely regulated money transmitters with a physical presence in Wisconsin, and replacing the...more

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