Consumer Finance Monitor Podcast Episode: A Debate About The Need, If Any, For a Federal Charter for Non-Banks Engaged in the Payments Business
Understanding the DFPI's Proposed Rules: A Deep Dive Into California's Digital Financial Assets Law — The Crypto Exchange Podcast
2024 State Legislative Review: Key Payment Laws and Their Impacts — Payments Pros – The Payments Law Podcast
Navigating New Compliance Challenges: The Impact of the Money Transmitter Modernization Act on Payroll Processing - Payments Pros – The Payments Law Podcast
Ad Law Tool Kit Show – Episode 7 – Payment Processing
Convenience Fees: Why You Need to Pay Attention? - Payments Pros: The Payments Law Podcast
A Conversation with Third Party Payment Processors Association President Marsha Jones - The Crypto Exchange Podcast
Convenience Fees: Why You Need to Pay Attention? - The Crypto Exchange Podcast
Understanding NFTs and Their Legal Implications
On May 19, South Carolina Governor Henry McMaster signed into law S. 163, establishing a regulatory framework for digital assets and cryptocurrency in the state. The law prohibits any state governing authority from accepting...more
Citing federal cutbacks in consumer protection and an increase in consumer complaints, the Illinois Department of Financial and Professional Regulation (IDFPR) has launched a new online submission option intended to modernize...more
Recently, the Texas Department of Banking (DOB) issued two separate consent orders against companies for alleged unlicensed money transmission under Texas Finance Code Chapter 152, assessing a $75,000 penalty against a...more
The federal-state confrontation over Commodity Futures Trading Commission (CFTC or Commission)-registered prediction markets escalated on multiple fronts in the first half of May. On May 12, the CFTC filed an amicus brief in...more
This week's Weekly Sweep highlights key enforcement actions and regulatory developments from across the Northeast. These updates reflect continued focus on consumer protection, licensing compliance, and multistate...more
On April 8, Wisconsin enacted Assembly Bill 968 (Act 226), establishing a regulatory framework for virtual currency kiosks. The law, which took effect April 10, defines virtual currency kiosks as electronic terminals or...more
On April 14, Maryland enacted HB 118, which, effective October 1, amends the Maryland Money Transmission Act to exclude from the definition of “money transmitter” a person designated as an agent of a payor for the purpose of...more
As artificial intelligence continues its rapid evolution, 2026 is shaping up to be a pivotal year for agentic payments: payment transactions initiated, managed, and executed by adaptive AI systems that can act autonomously,...more
The Financial Crimes Enforcement Network (FinCEN) and the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration (collectively, the "Banking...more
On April 8, 2026, Mississippi Governor Tate Reeves signed House Bill 1596 (“HB 1596” or the “Act”) into law, creating the “Data Security for Money Transmitters Act” (“DSMTA”), a new freestanding law imposing data security...more
The Conference of State Bank Supervisors (CSBS) recently issued interpretive guidance addressing the accounting treatment of stablecoins in the tangible net worth (TNW) calculation under its Model Money Transmission...more
On March 9, the Connecticut Department of Banking summarily suspended a virtual currency kiosk operator’s money transmission license and issued a temporary cease and desist order after an investigation found purported...more
On March 11, South Dakota Governor Larry Rhoden signed Senate Bill 98, a new law that brings virtual currency kiosk operators within the state’s money transmission licensing framework and imposes a series of anti-fraud and...more
On March 13, 2026, the Florida Office of Financial Regulation entered a final order adopting a stipulation and consent agreement with a software company over allegations that it engaged in unlicensed money transmission in...more
Minnesota AG Keith Ellison’s lawsuit against TikTok Inc. will proceed after a state court denied TikTok’s motion to dismiss claims alleging the platform violated Minnesota consumer-protection and money-transmission laws by...more
Regulators and industry participants gathered at the 2026 Nationwide Multistate Licensing System (NMLS) Annual Conference & Training in Orlando to discuss emerging supervisory priorities and regulatory developments affecting...more
Florida is advancing legislation that would formally bring operators of cryptocurrency kiosks within the state’s money transmitter licensing framework. House Bill 505 has passed both chambers of the Florida Legislature and,...more
On March 6, the governor of Wyoming signed into law House Enrolled Act No. 19, establishing new statutory provisions for the regulation of virtual currency kiosks in the state. The law defines a virtual currency kiosk as a...more
On March 3, Maine enacted Public Law Chapter 542, authorizing the registration of certain cash-dispensing machines through the NMLS and adding an express prohibition on operating such machines as virtual currency kiosks...more
On February 24, the Texas Department of Banking issued a consent order against a virtual currency kiosk and website operator after determining the company conducted unlicensed money transmission involving stablecoins with...more
On February 9, the state of Washington’s Department of Financial Institutions (DFI) issued a consent order requiring a digital assets-focused money transmitter to cease and desist from violating the state’s Uniform Money...more
The cryptocurrency enforcement landscape is undergoing a fundamental realignment. While Federal agencies that historically dominated digital asset oversight have shifted enforcement priorities away from licensing and...more
In December, the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a $3,500,000 civil penalty against Paxful, Inc. and Paxful USA, Inc. (“Paxful”), pursuant to a consent order. Paxful is an...more
On January 5, the Maine Bureau of Consumer Credit Protection (BCCP) announced it has entered into a consent agreement with a virtual currency kiosk operator, resolving its dispute over alleged unlicensed money transmission...more
On December 22, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a multifaceted data-driven operation to address potential money laundering, focused on more than 100 U.S....more