New Bond Amounts for North Dakota

Licensing

When Home Equity Investments Become Mortgage Loans: What State Licensing Changes Mean for Providers

As more states bring home equity investment agreements under mortgage lending laws, providers face new licensing requirements and regulatory challenges. Recent developments in Massachusetts, Maine, Illinois, and Connecticut highlight what lenders, fintechs, and investors need to consider when offering these products or expanding into new markets.

Licensing

Planning to Expand in 2027? Start With a Licensing Roadmap

Planning to expand into new states or launch new financial services in 2027? Learn how to build a licensing roadmap, navigate state-specific requirements, and prepare for a smoother, more efficient expansion.

Licensing

7 Business Changes That Could Affect Your Licenses

State licensing agencies rely on current information about the businesses they regulate. This can include ownership, management, physical locations, trade names, and individuals responsible for licensed activities. When that information changes, licensees may be required to notify regulators within a specific timeframe. Some changes must be approved before they take effect.

Compliance

New Jersey: New Data Privacy Law

New Jersey enacts new Data Protection Act, effective Jan 16, 2025, setting comprehensive consumer data privacy standards for businesses.

Compliance

New Minnesota Data Privacy Law: What You Need to Know

Minnesota has taken major steps to protect consumer rights and secure the handling of personal data. New privacy legislation puts a spotlight on the duties of financial services businesses, lenders, and debt collectors. It underscores how important compliance with these new Minnesota laws has become and sets a benchmark for protecting sensitive data.

Licensing

New Money Transmitter Licensing Requirements Under the MTMA

Recent updates under the Uniform Money Transmission Modernization Act (MTMA) mean several states have significantly revised their licensing requirements. If you operate in financial services or virtual currency, note that money transmitter licensing may now be required where it was not before. Many businesses will need to reassess their compliance strategies to meet the new standards.