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The End of Section 1071 as We Know It: CFPB to Reopen Rulemaking

In a recent filing in the U.S. District Court for the Southern District of Florida, the Consumer Financial Protection Bureau (CFPB) disclosed that its new leadership has directed staff to initiate a fresh rulemaking process...more

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

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