On February 19, 2018 the UK's Financial Conduct Authority (FCA) announced that it had signed a cooperation arrangement on fintech innovation with its US counterpart, the Commodity Futures Trading...
On February 15, 2018, the Financial Crimes Enforcement Network (FinCEN), together with the Office of the Controller of Currency and the U.S. Department of Justice, imposed a civil money penalty of ...
U.S. data protection laws should take their cue from European regulations, industry experts said at a recent hearing in Congress.
On February 13, 2018, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury released a notice of proposed rulemaking (NPRM) which pronounced ABLV Bank of Latvia to be...
Seven influential U.S. state authorities have aligned their licensing processes for money services businesses (MSBs), paving a way out of the current fractured approval process.
On February 7, 2018 the New York State Department of Financial Services (NYDFS) published guidance for virtual currency business entities that are either licensed under 23 NYCRR Part 200 or...
The near future of U.S. virtual currency enforcement is likely to involve greater cooperation between existing agencies before any new laws are proposed, financial regulators have told lawmakers.
On February 2, 2018, Assembly member Clyde Vanel introduced Assembly Bill A9685 to establish a task force to study the impact of a state-issued cryptocurrency on the state of New York....
The U.S. Consumer Financial Protection Bureau (CFPB) has pulled back on enforcement activity after President Trump appointed a new director, but attorneys and regulators say many states have...
The Consumer Finance Protection Bureau's decision to delay, by one year, the implementation of new rules for prepaid cards was met with uncertainty by industry executives and attorneys concerned...
U.S. financial regulatory experts have appealed to lawmakers to create a federal money transmission license, warning that the current patchwork of state regimes has stunted the growth of the...
The U.S.’ fearsome consumer protection regulator has long divided opinion over its unapologetically tough approach to the payments industry, but the appointment of Mick Mulvaney as director —...
On January 25, 2018, the Consumer Financial Protection Bureau (CFPB) released the final version of its prepaid account rule, which was originally drafted in 2016, making changes based on feedback...
On January 24, 2018, the Commodity Futures Trading Commission (CFTC) announced the filing of an enforcement action before federal court against Randall Crater of East Hampton, New York; Mark...
As members of the Senate Banking, Housing and Urban Affairs Committee consider reforms to the nation’s anti-money laundering rules, Democratic Senator Mark Warner reiterated his concern about the...
The U.S. Congress began a series of hearings on Tuesday to consider ways to reform money laundering and illicit finance regulations, as a president of a payments company argued the current system...

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