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MSB Fact Sheet - Q2

As of June 30, 2017, 37 states, the District of Columbia, and Puerto Rico are managing Money Services Business (MSB) licenses on NMLS.

The financial services categorized as MSB activities in NMLS include: money transmission, check cashing, issuing or selling travelers checks, issuing or selling drafts, foreign currency dealing and exchange, issuing or selling money orders, bill paying, transporting currency, and issuing or selling prepaid access/stored value products.

There are 1,935 companies in NMLS who hold a total of 5,177 approved MSB licenses. The following table lists the number of approved MSB company licenses by state regulatory agency.

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