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Nevada Bill Adopts Uniform Money Transmission Modernization Act

USA - September 19 2022 On September 16, the Nevada Financial Institutions Division (NFID) introduced a bill draft request to the Nevada Legislature for the 2023 legislative…

Keith J. Barnett

FedNow Set for 2023 Summer Launch

USA - September 6 2022 On August 29, the Federal Reserve Board (Fed) announced that its real-time payments system, FedNow, will launch sometime between May and July of 2023…

Keith J. Barnett, Kalama M. Lui-Kwan, Ethan G. Ostroff

FDIC Takes Action to Stop Cryptocurrency Companies from Making False or Misleading Representations About Deposit Insurance

USA - August 24 2022 On August 19, the Federal Deposit Insurance Corporation (FDIC) issued cease and desist letters to five cryptocurrency companies, demanding they…

Keith J. Barnett, Kalama M. Lui-Kwan, Addison J. Morgan, Ethan G. Ostroff, James W. Stevens

Senators Urge CFPB to Increase Consumer Protection Against Payment App Scams

USA - August 23 2022 In this Episode of The Crypto Exchange, Troutman Pepper Consumer Financial Services Partner Kalama Lui-Kwan welcomes back Keith Barnett and Carlin…

Keith J. Barnett, Kalama M. Lui-Kwan

Under the Fed’s Tiered System, Requests for Master Account Access by Cryptocurrency Companies Will Be Subject to the Strictest Scrutiny

USA - August 19 2022 On August 15, the Federal Reserve Board (Fed) issued final guidelines, outlining the tiered approach it will use when evaluating the growing requests…

Keith J. Barnett, Ethan G. Ostroff, James W. Stevens