Industry News

CSI provides insights for MSB's on how to fend off ransomware attacks with greater effectiveness. The new ransomware is more sophisticated. Safeguarding your organization and your data is a critical part of doing business these days.

Read about the proven methods tailored to MSB's to assist your organization in its fight against cyberattacks.

CSI is a proud member of the MSBA.

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MSBA submits comment letter to the CFPB on the Remittance Rule

MSBA submits comment letter to the CFPB on the Remittance Rule

The MSBA submitted a comment letter to the CFPB to explain that  the obligations imposed on RTP’s through the Remittance Rule are in many ways redundant to rules already in place at the state level. Additionally, any consumer protection benefits they do afford are outweighed by the burdens imposed upon RTPs which are already sufficiently regulated by other federal agencies and the individual states. We therefore provide several recommendations for modifications to the Remittance Rule which will greatly reduce the burden and costs imposed on RTPs without sacrificing the Rule’s intended purpose of protecting consumers in the United States.

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finder.com announces inaugural Money Transfer Awards

finder.com announces inaugural Money Transfer Awards

Finder.com announced its Money Transfer Awards. They announced based on a study, which formed the foundation of the inaugural finder Money Transfer Awards, assessed over 35 providers across 45 factors. Over 1,500+ data p ...

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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