According to the CFPB’s latest rulemaking agenda, the agency is pushing back to “this summer” release of the final rule on prepaid accounts. The release had previously been expected this May or June, after it was pushed back from a March expected release.
The Bureau issues the proposed role in November 2014. Generally, it…
Next Thursday, April 15, 2016, David Beam will present at the ACI Blockchain & Distributed Ledger Technology conference in New York City. David will participate on a panel titled “Consumer Protection on the Blockchain.”
FinCEN itself says that there’s not much new in the guidance to money services businesses that the agency released last Friday (March 11, 2016) on agent monitoring (the Guidance).1 But MSBs that rely on agents should still review the Guidance carefully. The fact that FinCEN has decided to release this Guidance now shows that…
