The National Money Transmitters Association
A Rich Resource for Intelligence on the Money Transfer Industry

Today's Daily News Clippings!

Friday - February 16, 2018 - Ful Edition

State Regulators: Money Services Businesses Do Not Deserve De-Risking

Feb 15, 2018 - CSBS.Org - State regulators are committed to the responsible oversight of money service business (MSBs) and creating new solutions to keep pace with emerging and evolving risks that may impact the industry. ... Read More ...

House Hearing
"Examining De-risking and its Effect on Access to Financial Services"
Feb 15, 2018 - Financial Services.House.Gov, 9:30 AM, 2128 Rayburn HOB
Financial Institutions and Consumer Credit - Read More ...
[Session video begins at 16:40]
Click here for the Committee Memorandum.
Witness List
Mr. Bryan A. Schneider, Secretary, Illinois Dept of FPR, CSBS
Mr. Tim Baxter, President, SwypCo ATM Solutions, National ATM Council
Mr. Jason D. Oxman, CEO, The Electronic Transactions Association
Dr. Manuel Orozco, Director, Migration, Remittances and Development, Inter-American Dialogue (TTF)

De-Risking A 'Competitive Maneuver', U.S. Lawmakers Told
[Correspondent Banking, Subscription Required] - Feb 16, 2018 - Payments Compliance.Com - U.S. banks are shutting accounts of payment companies as a competitive tactic, not only for compliance concerns ... Read More ...

Money Service Business Banks & Regulators Enter Multi-State Contract
Feb 14, 2018 - Nat CNC.Com - National Check & Currency - At National Check and Currency, we dedicate 100% of our time, energy, and efforts offering MSB financial services, exclusively. Our commitment to providing the best MSB financial ... Read More ...

Wyoming Welcomes Bitcoin Industry with Blockchain-Friendly Bills
Feb 15, 2018 - Bitcoinist.Com - Adam James - While governments worldwide drag their feet and argue over cryptocurrency legislation, various states in the US are vying to become the blockchain capitol of the country. Arizona aims to allow ... Read More ...

US Treasury Official Pushes for Worldwide Cryptocurrency Regulation Against ...
[Opinion] - Feb 15, 2018 - AI-CIO.Com - According to Coindesk, Mandelker addressed how terrorists and other criminals have utilized cryptocurrency to "exploit the financial system," "hide their ill-gotten gains," and "finance their illicit activities."... Read More ...

Virtual currencies under heightened scrutiny from EU regulators
Feb 16, 2018 - The Paypers.Com - Three European regulators have warned consumers and investors about the risks associated with dealing with virtual currencies. The European Securities and Markets Authority has joined the EBA ... Read More ...

States, Feds Struggle to Regulate Crypto
Feb 15, 2018 - Markets Media.Com - Rob Daly - The constant tug-of-war between the US Federal government and those of the states has defined most of American history, and this is no different regarding the regulation of cryptocurrencies ... Read More ...

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