Money Transmitter Model Law Poised to Change Regulatory Landscape | Wilson Sonsini Goodrich & Rosati

Money Transmitter Model Law Poised to Change Regulatory Landscape | Wilson Sonsini Goodrich & Rosati

The Conference of State Bank Supervisors (CSBS) released its Money Transmission Modernization Act (Money Transmitter Model Law) (Model Law) to create a single money transmitter regulatory regime across the country and “streamline regulation for an evolving payments space.” As it currently stands, 49 states and Washington, D.C. regulate money transmitters and have their own sets … Read more