States' Model Payments Law May Ease Entry For Fintechs

Law360 (June 14, 2019, 10:38 PM EDT) -- State banking regulators are collaborating on a uniform model payments law that would facilitate compliance with different state rules, and in the absence of federal government action, some attorneys say the effort could benefit fintech companies by providing multistate consistency.

As companies await a decision on the viability of the Office of the Comptroller of the Currency's fintech charter, the Conference of State Banking Supervisors has charged ahead with an initiative to address numerous pain points in state banking regulations. Through its Vision 2020 plan, the group hopes to provide consistency across money services business licensing requirements that vary by state....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!