American Banker

SEPTEMBER 16, 2020

The company, which left New York in 2015 to avoid its regulations on virtual currencies, has found a more welcoming state.

Wyoming 98

Wyoming New York Regulation Company 98

CFPB Monitor

JUNE 5, 2019

Earlier this year, Wyoming became the second state to create a financial technology (fintech) sandbox by enacting the “ Financial Technology Sandbox Act ” (Sandbox Act). The provisions requiring Wyoming’s Banking Commissioner and Secretary of State to adopt implementing regulations became effective on February 19, 2019.

Wyoming 60

Wyoming Fintech Arizona Financial Technology 60

PYMNTS

JANUARY 7, 2019

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Closer to home, in Wyoming, a bill has debuted in the state legislature to create a FinTech sandbox. Late last week, the U.S.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

OCTOBER 25, 2019

financial regulators represent the interests and needs of the nation and its financial services stakeholders,” according to a statement. The possible law is expected to be similar to the Special Purpose Depository Institutions (SPDI) law passed in Wyoming. “By promoting knowledge-sharing on innovation in financial services, U.S.

Colorado 102

Colorado Regulation Innovation Wyoming 102

American Banker

APRIL 4, 2024

The Federal Reserve issued an enforcement action against Mode Eleven Bancorp, the holding company for Summit National Bank, which engages in banking-as-a-service.

Wyoming 74

Wyoming Community Bank Community Fintech 74

PYMNTS

MARCH 8, 2018

And Wyoming recently passed a law that would make some digital coins exempt from regulation, TechCrunch reported. 0070, the state said that “open blockchain tokens” are not subject to regulation or legislation on money sending. As a result, digital currencies can be regulated by the U.S.

Bitcoin 101

Bitcoin Wyoming cryptocurrency social media 101

American Banker

APRIL 11, 2023

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Wyoming 78

Wyoming Policies Compliance Regulation 78

American Banker

APRIL 18, 2021

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Wyoming 53

Wyoming Regulation Innovation Bitcoin 53

CFPB Monitor

NOVEMBER 16, 2020

ACFIN is a network of federal and state regulators that may include state attorneys general, state financial regulators, and federal financial regulators. The CFPB’s announcement invites innovators to request a meeting and describe the topic(s) they would like to discuss during their virtual session.

Colorado 78

Colorado South Carolina Tennessee Utah 78

CFPB Monitor

JANUARY 9, 2020

ACFIN is a network of federal and state regulators that may include state attorneys general, state financial regulators, and federal financial regulators.

Utah 78

Utah South Carolina Tennessee Arizona 78

American Banker

OCTOBER 3, 2024

The Federal Reserve issued two enforcement actions, one against a bank in Montana, the other against a former information technology employee in Wyoming.

Montana 68

Montana Wyoming Technology Compliance 68

PYMNTS

JANUARY 7, 2019

Indian regulation requires all payments data be processed in-nation — instead of on Facebook’s servers. But the system has not yet managed its long-touted national expansion — and the issue at hand seems to be data processing.

Data 139

Data Wyoming Idaho Mobile 139

Independent Banker

FEBRUARY 24, 2016

Talk about your captive regulator! Even more obviously absurd, one provision would allow community credit unions in seven states—Montana, Alaska, Delaware, North Dakota, South Dakota, Vermont and Wyoming—to serve their entire state. When credit unions say “jump,” the NCUA says, “how high?”.

South Dakota 70

South Dakota North Dakota Montana Wyoming 70

Payments Source

JULY 3, 2019

Utah this week became the third state to let companies test cutting-edge financial products without fear of violating licensing and other regulations.

Utah 89

Utah Regulation Company Wyoming 89

American Banker

MAY 22, 2023

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Wyoming 36

Wyoming cryptocurrency Compliance Regulation 36

Independent Banker

DECEMBER 29, 2015

ICBA also is pressing regulators to use their oversight discretion to exempt community banks without legislation. Kim DeVore, chief financial officer for Jonah Bank of Wyoming, in Casper, Wyo., There are a lot of opportunities we are essentially prohibited from offering because of regulation,” Zaback says. “So

Community Bank 70

Community Bank Community Capital Lending 70

Lex Sokolin

JANUARY 14, 2021

American financial regulation is an alphabet soup, and has grown out of politics and crises. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e., You can see that the overall share of regulated banking entities at the federal level is hovering around 20% to 30%.

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

American financial regulation is an alphabet soup, and has grown out of politics and crises. Targeting banks and money services businesses allows for jurisdiction and regulation of the choke points (i.e., You can see that the overall share of regulated banking entities at the federal level is hovering around 20% to 30%.

America 52

America Wyoming National Capital 52

CFPB Monitor

JUNE 11, 2019

This bill created the nation’s third regulatory sandbox program for fintechs, after Arizona , which enacted sandbox legislation in March 2018, and Wyoming , which enacted sandbox legislation in February of this year. The size of transactions involving money transmission are similarly regulated on a case-by-case basis.

Utah 60

Utah Arizona Innovation Regulation 60

MyBankTracker

MARCH 3, 2021

Lemonade is a fully licensed and regulated insurance company that serves customers in both the U.S. In some states, there are regulations that prevent them from replacing an active term policy: Florida. What is Lemonade? and select locations in Europe. They are reinsured by companies like Swiss Re, Munich Re, and Hannover Re.

Policies 52

Policies CA Apple Wyoming 52

Lex Sokolin

SEPTEMBER 23, 2020

This generated a good $6 billion of revenue in 2016, though that number is likely further compressed given attempts at regulating this sector. It doesn’t have an ILC charter from Utah, or a crypto bank charter from Wyoming, or a straight-up bank charter like Varo, nor has it acquired any banks like Lending Club or Jiko. No shenanigans.

Capital 52

Capital Software Lending Apple 52

PYMNTS

MAY 24, 2018

The publication said Wednesday (May 23) that Senator Ben Cardin of Maryland and Senator Mike Enzi of Wyoming introduced their bill earlier in the week that would require the DoD to pay small business contractors, as well as large contractors with small subcontractors, within 15 days of receiving an invoice whenever possible.

Wyoming 100

Wyoming Payments CA Maryland 100

Abrigo

JULY 22, 2022

Cryptocurrency regulation is on the horizon The ups and downs of the cryptocurrency scene have illuminated a need for guidance for traditional financial institutions. The future of traditional bank involvement and regulations. You might also like this whitepaper, "Understanding Cryptocurrency." DOWNLOAD WHITEPAPER. What's next.

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195