Wisconsin enacts update to licensing and regulation of non-bank financial services providers
The amendments are modeled on the MTMA and allow Wisconsin to administer licensing needs for various non-bank entities through NMLS.
Arizona enacts new money transmission requirements
Effective July 7, the amended requirements mandate consumer warnings and training for money transmission licensees.
Kentucky enacts bills on mortgage liens and unlawful trade practices
The bills address mortgage recordings and affidavits and trade practices in financial services and residential property agreements, respectively.