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Insights / events

Presentation

Compliance Discussion Forum: Global Compliance Trends and Future Regulatory Outlook for Cross-Border Fintech

May 23, 2024

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Member Amy Greenwood-Field (Washington, DC) will participate in a panel at CrossTech FinTech Payments 2024 entitled “Compliance Discussion Forum: Global Compliance Trends and Future Regulatory Outlook for Cross-Border FinTech,” in New York City on May 23, 2024. Amy and her co-panelists will review global compliance trends and discuss key topics that those looking to operate international FinTechs should be aware of.

The CrossTech Fintech Payments Conference 2024 provides unique opportunities for companies in the B2B, financial technology, and international payments industries to network, discover new partnerships, and discuss the most relevant topics in the B2B payments industry. The conference’s goal is to continue fostering growth and innovation in the international payments space and help companies stay ahead of the curve in an ever-changing market.

Amy was a former state regulator for 15 years and is a nationally recognized leader in Nationwide Multistate Licensing System & Registry (NMLS) compliance. She counsels financial institutions on a national basis in a wide range of matters related to residential and commercial mortgage lending, consumer finance lending, debt collection, and money services, and offers particular capabilities for FinTech and money services clients in transactions involving cryptocurrency, virtual currency, and digital assets.

Insights

Alert

TIGTA Reports: Virtual Currency Tax Compliance Enforcement Can Be Improved

July 18, 2024

TIGTA investigated virtual currency tax compliance enforcement by the Internal Revenue Service (IRS), and released its findings in a report dated July 10, 2024.

Published Article

New York Department of Financial Services Issues Guidance on Customer Service Requirements for Virtual Currency

July 1, 2024

On May 30, 2024, the New York Department of Financial Services (“DFS”) published a press release and issued guidance to Virtual Currency Entities (“VCEs”) concerning the DFS’s expectations for the resolution of customer service requests and complaints (“Guidance”), which expands upon the current requirements found in 23 NYCCR 200.20.

Alert

Pennsylvania Quietly Reinterprets Current Law to Regulate Virtual Currency as “Money” Under the Money Transmitter Act

May 8, 2024

Recently, the Pennsylvania Department of Banking and Securities, without a triggering law change or promulgated regulation, quietly issued a statement of policy that reverses the previous interpretation of the term “money” to be inclusive of virtual currency.

Presentation

The State of Regulated Money Transmission

May 6, 2024

Member Amy Greenwood-Field (Washington, DC) will join a panel presentation, "The State of Regulated Money Transmission," at the Conference of State Bank Supervisors on May 5, 2024, in Washington, DC.

Presentation

Savoie and Greenwood-Field to Present at the 2024 NMLS Conference

February 15, 2024

Members of the Financial Institutions Compliance team will participate in multiple sessions during the Nationwide Mortgage Licensing System (NMLS) Conference in San Antonio, Texas.

Presentation

Looking West to the U.S.: Launching a Regulated Business in the U.S.

February 6, 2024

Cleveland Members Aaron Kouhoupt and Robert Savoie will present "Looking West to the US: Launching a Regulated Business in the US" at Osborne Clarke's Future of Financial Services Week 2024 on February 6, 2024, in London, United Kingdom.

Deep Dive into Consumer Finance

Podcast: Deep Dive Into Payments: Impacts of Money Transmission Laws

August 25, 2023

Today we're going to be talking about money transmission and how money transmission laws can impact people that are in the payments space and find themselves in the flow of funds or providing any kind of payment services to third parties.

Presentation

Coming to America: Regulatory Considerations and Solutions

June 7, 2023

Member Aaron Kouhoupt (Cleveland) will present "Coming to America: Regulatory Considerations and Solutions" at the Money 20/20 Conference on June 7, 2023, in Amsterdam.