The California Department of Financial Protection and Innovation (DFPI) is set to become a pioneer in implementing the new Mortgage Compliance Dataset (MCD) for residential mortgage origination compliance examinations.

It started with a phone call, $15,000, and a shoe box. 

When the elderly aunt of West Virginia Division of Financial Institutions Commissioner Dawn Holstein was targeted by a scammer, only luck kept her money from being lost. Holstein turned that close call into a low-tech fix: a refrigerator magnet that reminds people to Stop. Verify. Protect your money.

The U.S. Department of the Treasury’s proposed rule to implement the GENIUS Act’s safe harbor provision threatens parity between state and federal stablecoin issuers, the Conference of State Bank Supervisors (CSBS), the National Conference of State Legislatures, the National Association of State Credit Union Supervisors, and the Money Transmitter Regulators Association said in a comment letter.

Thirty-four state financial regulatory agencies have reached a $2.5 million settlement with Coinme Inc., (NMLS ID 1185542) a Seattle-based cryptocurrency money transmitter and kiosk operator, for violations of Bank Secrecy Act (BSA) and anti-money laundering (AML) laws that safeguard the financial system from illicit use. 

In this episode of In the Loop, hosts Kareeme Tucker and Derek Storms sit down with Misty Reeder, Director of Regulatory Exams at MoneyGram. Misty leads the company's global examination program and serves as a primary point of contact for regulators across the country. She walks through what a state exam looks like from inside a money services business. Misty also gets specific about where NMLS and SES already work well for her team, and what she would change about the way an exam scope is set.

Registration is open for the 2027 NMLS Annual Conference & Training. Join regulators and industry professionals Feb. 9-12 in San Diego for four days of connection, collaboration, and conversation about what’s happening within the NMLS and SES community.

Register by Nov. 13 and get the early bird rate of $1,470 — a $200 savings!