Posts Tagged ‘CSBS’
CSBS Launches Streamlined State Exams for Nationwide Payments Companies
The Conference of State Bank Supervisors (CSBS) announced last week that it was launching what it called a “state-initiated” program that would enable money transmitters operating in 40 or more states to undergo a single exam to satisfy all state exam requirements in 2021.
Read MoreOCC’s Attempts to Create National Regulations for Fintech Meet Continued Opposition
Recent comments from acting Comptroller of the Currency Brian Brooks regarding a “payments charter 1.0” did not go unnoticed by the financial services community.
Read MoreWhat is a Money Transmitter?
Improving the merchant experience is a rallying cry for payment facilitators. Streamlining the underwriting and onboarding process is often a first step, but many PFs go further in search of solutions for the unique needs of their industries.
Read MoreCSBS Launches SES for Bird’s Eye View on Fintechs
In an effort to streamline the examination of fintech and other non-bank platforms with a broad-picture perspective, the Conference of State Bank Supervisors (CSBS) has announced the nation-wide rollout of the State Examination System (SES).
Read MoreFiserv Piloting PIN on Mobile; RunSignup Reaches $1 Billion in Processing: News Roundup
PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
Read MoreCSBS Regulatory Toolbox: New Upgrades for Streamlined Compliance and Data Protection
The CSBS has launched new fintech tools to enable a more manageable navigation process when it comes to promoting compliance and protecting customer data, including a portal, interactive map and updated resource center
Read MoreVision 2020: Favorable for PFs with 23 States Signing on For Licensing Agreement
The Conference of State Bank Supervisors (CSBS) and its Fintech Industry Advisory Panel created a plan back in 2017 to develop a consistent framework for regulating non-bank entities across states. They called it Vision 2020. And as 2020 starts to sneak up on us at what seems to be a rapid pace, the momentum continues towards this common goal.
Read MoreCSBS Moves the Ball Forward in Effort to Streamline State Fintech Regulations
The effort to drive some uniformity within the patchwork of state regulations faced by fintech companies – including many payment facilitators – has taken another small step forward.
Read MoreCSBS and OCC Gear Up for Round 2
The Conference State Bank of Supervisors (CSBS) has filed another complaint in the U.S. District Court for the District of Columbia against the Office of the Comptroller of Currency (OCC) – potentially impacting fintechs significantly.
Read MoreOCC Charter Moves Forward, Questions Remain
Last week, the Office of the Comptroller of the Currency (OCC) announced it would begin accepting applications from fintech companies for a special purpose national bank charter.
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