In February 2019, CSBS sought public input on issues related to state money transmission and payments regulation as regulators begin work on model legislation to introduce in all 50 states. The Request for Information (RFI) solicits comments about several areas of law and regulation, including money transmission activities and exemptions, personal vetting requirements for investors, state supervision, and coordination between
Vision 2020 is a state regulator initiative to modernize the regulation of fintech companies and other non-depositories. The goal: an integrated, 50-state system of licensing and supervision.
In this new video, CSBS experts review the basics of capital regulation and explain how the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 (S. 2155) changes capital regulation for community banks.
Technology and banking share a long history. The rapid growth over the past 20 years in adoption of technology for front and back office operations in banks of all sizes is well documented.