Category: Legislation and Regulation

MSBA submits comment letter to the OCC

MSBA submits comment letter to the OCC

The MSBA submitted a letter to the OCC noting our questions and comments regarding their proposed National FinTech Charter. We commended the OCC for exploring new and innovative ways to increase payment innovation and reduce duplicative regulatory burdens. The concept of a Special Purpose National Bank Charter for Fintechs (to be referred to herein as the “Fintech Charter”) is one that has garnered a lot of attention and inquiries over the last few weeks.

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CFPB issues monthly consumer complaint report

CFPB issues monthly consumer complaint report

Every year, tens of billions of dollars are sent both domestically and abroad through money transfer services. Consumers send funds in order to make payments, and to help family and friends pay for important needs such a ...

Important Update from the Central Bank of Nigeria

Important Update from the Central Bank of Nigeria

Central Bank of Nigeria has issue a new directive that applies to all money transfer operators working in Nigeria. IAMTN  is in contact with the Central Bank of Nigeria in order to facilitate communication with the indus ...

Joint Fact Sheet on Foreign Correspondent Banking

Joint Fact Sheet on Foreign Correspondent Banking

The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency and U.S. Department of the Treasury issued a Jo ...

Commonwealth Secretariat Meeting on De-Risking

Commonwealth Secretariat Meeting on De-Risking

Judith Rinearson, Partner at K&L Gates, represented the MSBA at the Commonwealth Secretariat meeting on De-risking, which focused on the recently issued report, Disconnecting from Global Finance, The Report demonstra ...

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