The Guiding and Establishing National Innovation for U.S. Stablecoins Act (the “GENIUS Act”), which would comprehensively regulate stablecoins in the United States, was adopted by the U.S. Senate on June 17 by a bipartisan...more
6/24/2025
/ Commodities ,
Cryptocurrency ,
Custodians ,
Depository Institutions ,
Digital Assets ,
FDIC ,
Financial Services Industry ,
OCC ,
Payment Processors ,
Payment Systems ,
Pending Legislation ,
Regulatory Requirements ,
Securities ,
Stablecoins ,
U.S. Treasury
On January 1, 2025, Massachusetts Gov. Maura Healey approved House Bill No. 4840, which repeals and replaces Massachusetts’ money transmission law with a revised law (MTL Law), which is based in part on the model Money...more
1/17/2025
/ Amended Legislation ,
Banking Sector ,
Compliance ,
CSBS ,
Financial Services Industry ,
Licensing Rules ,
Money Transmission Act ,
Payment Systems ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements
The end of October marked the conclusion of another successful year of Money20/20, the premier event for the payments, banking, fintech, and financial services industries. If you missed the conference, fear not. Below is a...more
11/22/2024
/ Artificial Intelligence ,
Banking Sector ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
Data Privacy ,
Data Security ,
Financial Services Industry ,
FinTech ,
Innovative Technology ,
Open Banking ,
Payment Processors ,
Payment Systems ,
Popular
The sale of adult-use cannabis has been legalized in 24 states in the United States. But this does not mean there are no other legal impediments to the cannabis industry in those jurisdictions. For example, cannabis...more
3/6/2024
/ ATMs ,
Bank Secrecy Act ,
Cannabidiol (CBD) oil ,
Cannabis-Related Businesses (CRBs) ,
Cole Memorandum ,
Controlled Substances Act ,
Credit Cards ,
Department of Labor (DOL) ,
Dispensaries ,
Enforcement Priorities ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
Marijuana ,
Marijuana Related Businesses ,
Market Participants ,
MasterCard ,
Money Transmitter ,
Payment Processors ,
Payment Systems ,
Risk Mitigation ,
Visa Inc
With more fintech’s looking to expand their businesses internationally, it can be daunting to navigate varying regulations across borders. This article focuses on regulations in the United States. For those also focused on...more
5/1/2023
/ Banks ,
Cross-Border Transactions ,
Cryptocurrency ,
FDIC ,
Financial Regulatory Agencies ,
Financial Services Industry ,
FinCEN ,
FinTech ,
Payment Systems ,
Regulatory Oversight ,
Regulatory Requirements