NYDFS to impose supervision fees on virtual currency licensees
NYDFS announced the adoption of a final regulation establishing how certain licensed virtual currency businesses will be assessed for supervision and examination costs.
DFPI says escrow trust accounts are not stored value under MTA
The California Department of Financial Protection and Innovation recently released a new opinion letter covering aspects of the California Money Transmission Act (MTA) and the Escrow Act.
North Dakota establishes requirements for residential mortgage servicers
The new legislation provides that a person may not engage in residential mortgage loan servicing in the state without being licensed.