California enacted its own version of New York’s “BitLicense” law, the Digital Financial Assets Law (DFAL), becoming one of the first US states to implement a virtual currency-specific regulatory regime. ...more
The sale of adult-use cannabis has been legalized in 24 states in the United States. But this does not mean there are no other legal impediments to the cannabis industry in those jurisdictions. For example, cannabis...more
3/6/2024
/ ATMs ,
Bank Secrecy Act ,
Cannabidiol (CBD) oil ,
Cannabis-Related Businesses (CRBs) ,
Cole Memorandum ,
Controlled Substances Act ,
Credit Cards ,
Department of Labor (DOL) ,
Dispensaries ,
Enforcement Priorities ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
Marijuana ,
Marijuana Related Businesses ,
Market Participants ,
MasterCard ,
Money Transmitter ,
Payment Processors ,
Payment Systems ,
Risk Mitigation ,
Visa Inc
This edition of Fintech Flash identifies key issues we anticipate will impact the payments industry in 2024. First, the payments regulatory landscape continues to evolve, with a number of proposed rulemakings published by the...more
2/14/2024
/ Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Dodd-Frank ,
Enforcement ,
Federal Reserve ,
Fees ,
FinTech ,
Interchange Fees ,
NPRM ,
Open Banking ,
Overdraft Fees ,
Payment Systems ,
Unfair or Deceptive Trade Practices