Comments on Model State Payments Law
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 states.
The comments received by CSBS are available below.
Activities and Exemptions
|Electronic Transactions Association|
|National Payroll Reporting Consortium|
|Money Services Businesses Association|
|Financial Innovation Now|
|Consumer Reports & National Consumer Law Center|
|The Money Services Round Table|