Daily Archives: February 24, 2023

Montana amends mortgage servicing laws

InsightsBy APPROVED Licensing February 24, 2023

Among other things, the new act outlines provisions related to financial condition requirements, model state regulatory prudential standards for nonbank mortgage servicers, risk assessments, and licensee reporting requirements.

Illinois announces new consumer protections for digital assets, proposes new money transmitter licensing provisions

InsightsBy APPROVED Licensing February 24, 2023

The Department of Financial and Professional Regulation announced several legislative initiatives to establish consumer protections for cryptocurrencies and other digital assets and provide regulatory oversight of the broader digital asset marketplace.