Ohio Division of Financial Institutions issues cryptocurrency guidance [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
DFPI proposal would consider ISAs as student loans
Proposed rulemaking would adopt new regulations and amend current regulations implementing the Student Loan Servicing Act.
Tips for state licensees on preparing for NMLS annual renewal [nmls.org]
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California broadens DFPI commissioner’s enforcement authority
A new bill broadens unlawful practices oversight and enforcement power over any person currently engaging, or having engaged in the past, in unlicensed activity.
California issues remote work guidance to CFL licensees
Remote work is permitted if licensee take certain actions, including the protection of consumers’ personal information.
D.C. says certain Bitcoin activity subject to money transmission laws
The District of Columbia’s Department of Insurance, Securities and Banking issued a bulletin bulletin noting that it considers Bitcoin to be money for money transmission purposes.
Connecticut fines collection agency $100,000 and revokes license
The Connecticut Banking Commissioner revoked the consumer collection agency’s license after finding that it failed to provide requested information during an examination.
Alabama State Banking Department adds ESB to NMLS [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
Utah Dept. of Financial Institutions adds new registration type to NMLS [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
Illinois advises licensees about phishing scam [nmls.org]
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Katy Ryan to discuss state licensing, remote work, and NMLS challenges
The panel discussion on Tuesday, Sept. 20 is part of the Mortgage Bankers Association’s Regulatory Compliance Conference 2022 in Washington, DC.
DFPI enters into settlement with unlicensed point-of-sale lender
The Florida-based point-of-sale lender allegedly engaged in finance lending in California without obtaining a license.
Maryland Court of Appeals says law firm collecting HOA debt is not engaged in the business of making loans
Class members claimed that promissory notes drafted and negotiated by the firm for its clients are subject to the Maryland Consumer Loan Law.
Colorado issues remote work guidance to collection agencies
Among other things, supervised lender licensees may permit employees to work from remote locations, so long as the licensee complies with certain requirements.
Reminder: Complete continuing education for 2022 [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
NMLS disclosure questions comment period open through Aug. 22
The proposed changes would generally streamline questions asked of companies and individuals as part of the license application process.
Connecticut issues money transmitter advisory
The Connecticut Department of Banking issued an advisory providing general guidance on what types of activities and entities must be licensed.
Illinois Department of Financial & Professional Regulation adds ESB [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
Nevada Financial Institution Division adds new registration types to NMLS [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.
Kentucky Department of Financial Institutions adds new license types to NMLS [nmls.org]
Learn more about this topic and others in the NMLS Resource Center.