Bryan Cave Leighton Paisner (Bryan Cave) | USA | 7 Dec 2016
The fintech industry has justifiably greeted the OCC’s announcement of a national fintech charter with optimism. But one area where we have seen…
Bryan Cave Leighton Paisner (Bryan Cave) | USA | 6 Jun 2016
On June 2, 2016, the CFPB released its long-awaited proposed regulations for payday loans, vehicle title and certain high-cost installment loans…
Bryan Cave Leighton Paisner (Bryan Cave) | USA | 11 Apr 2016
New and existing money services businesses frequently ask when or if the CFPB will "examine" them. All consumer financial services businesses…
Bryan Cave Leighton Paisner (Bryan Cave) | USA | 24 Mar 2016
On March 21, 2016, FinCEN and the federal bank regulatory agencies published Guidance to issuing banks on the CIP requirements applicable to prepaid…
Bryan Cave Leighton Paisner (Bryan Cave) | USA | 21 Mar 2016
On March 11, 2016, FinCEN issued Guidance reminding MSBs and their agents of their respective AML obligations and, most importantly, reminding MSBs…
Bryan Cave Leighton Paisner (Bryan Cave) | USA | 28 Feb 2016
The CFPB has always said that one of its key missions is to level the playing field for bank and non-bank consumer financial services providers. CFPB…
Bryan Cave Leighton Paisner (Bryan Cave) | USA | 31 Dec 2015
On October 30, 2015, the Department of Education issued regulations to impose requirements on the marketing and terms of deposit and prepaid accounts…
Bryan Cave Leighton Paisner (Bryan Cave) | USA | 30 Nov 2015
On November 23, 2015, the CFPB issued a Bulletin alerting companies that they must obtain proper authorization from consumers before automatically…
Bryan Cave Leighton Paisner (Bryan Cave) | USA | 19 Oct 2015
On October 8, 2015, the CFPB announced new "Guidance About Marketing Services Agreements," publishing a Compliance Bulletin on the subject of RESPA…
Bryan Cave Leighton Paisner (Bryan Cave) | USA | 31 Aug 2015
As part of its continuing but slow expansion of the types of financial institutions that are subject to anti-money laundering (AML) obligations under…