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2017 Press Releases
Florida and Arkansas Begin Using Uniform Mortgage Test; 54 State Agencies Now Using the Test
State Regulators Oppose OCC Special Charter For Non-Banks
State Financial Regulators Release BSA/AML Compliance Tool for Industry
CSBS Board Appoints Wyoming’s Albert Forkner as Chairman-Elect
State Regulators Promote “Fintech Friendly” Features of National Registry
College Students Participate in Nationwide Community Bank Competition
Statement on the Illinois Fintech Regulatory Roundtables
CSBS Urges Congress to Weigh in Against OCC Non-Bank Charter
State Regulators Highlight EGRPRA Priorities for Financial Regulatory Relief
Gonzales, Hughes and Jones Re-Appointed to FFIEC State Liaison Committee
State Regulators Announce Changes to Money Services Businesses Reporting
State Regulators Issue Cease-and-Desist Orders to Subsidiaries of Ocwen Financial Corp.
CSBS Files Complaint Against Comptroller of the Currency
Gonzales Elected as State Liaison Committee Chairman
Stork Appointed to FFIEC State Liaison Committee
CSBS Announces Vision 2020 for Fintech and Non-Bank Regulation
CSBS Statement on New York Department of Financial Services Lawsuit Against OCC
CSBS Announces Five Finalist Teams in the 2017 Bank Case Study Competition
CSBS Announces New Leadership
The University of Akron Wins First Place in CSBS Community Bank Competition
Fed Chair Yellen Will Open 2017 Fed/CSBS Community Banking Research Conference;
FFIEC Proposes Additional Revisions to Streamline “Call Report” for Small Institutions
State Regulators Call for an End to One-Size-Fits-All Bank Regulation
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 4/18/2017 

Media Release

Conference of State Bank Supervisors
        1129 20th Street, NW, 9th Floor, Washington, DC, 20036

 State Regulators Announce Changes to Money Services Businesses Reporting   

   Will Reduce Burden, Improve Supervision

Washington, D.C. – The Conference of State Bank Supervisors today announced the release of the Money Services Businesses (MSB) Call Report, a new tool within the Nationwide Multistate Licensing System (NMLS) that will streamline MSB reporting, improve compliance by the industry, and create the only comprehensive database of nationwide MSB transaction activity.

 “We are proud to launch the MSB Call Report and, once again, use the NMLS platform to bring more uniformity to state licensing requirements, increase regulatory collaboration, and bring greater transparency to non-depository supervision,” said Sue Clark, Regulatory & Consumer Affairs Director at the Vermont Department of Financial Regulation.  “The information collected through these call reports will provide complete and meaningful information on MSBs, including fintech companies licensed to do business as money transmitters, and assist state regulators to better analyze risk, monitor compliance, and make more informed and timely decisions when it comes to MSB supervision.”

The enhanced reporting will also provide a unique, detailed snapshot of fintech companies as they mature and evolve.

The MSB Call Report was released in NMLS on April 1 and licensees are required to file by May 15. Currently, 18 state agencies have adopted the report for Q1 2017 and 80 percent of all money transmitters within NMLS will be expected to submit reports. Several additional states are expected to adopt the MSB Call Report in the near future.

The MSB Call Report includes national and state specific MSB activity that is submitted on a quarterly and annual basis.  The report applies to licensees in states that adopt the report and engage in the following activities: 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, issuing or selling prepaid access/stored value products, and virtual currency.

Visit the MSB Call Report webpage for more information.

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