Action required licensing · FL · Aug 3, 2026
Florida Money Transmitter Rules Active as of July 1, 2026
Florida Administrative Rules showed Rule 69V-560. 102, Rule 69V-560.
Regulatory Updates
Tracked Changes From State and Federal Regulators
Updates the regulatory team is monitoring across the verticals we file in. Effective dates, severity, and impact in one feed.
-
- Action required licensing · IL · Aug 3, 2026
Illinois IDFPR July 2026 Regulatory Agenda, Planned Financial Services Rulemakings
IDFPR's July 2026 Regulatory Agenda, published July 6, 2026, listed several planned financial services rulemakings with anticipated First Notice in November 2026. No new IDFPR financial proposed or adopted rule was identified in Illinois Register Issue 31 during the July 20 to August 3, 2026 window.
- Action required licensing · GA · Aug 3, 2026
Georgia Department of Banking and Finance 2026 Rule Amendments and New Rule 80-3-1-.07
Georgia adopted multiple Department of Banking and Finance rule amendments and adopted Rule 80-3-1-. 07, with filing on June 16, 2026 and effectiveness on July 6, 2026.
- Action required licensing · Federal · Aug 3, 2026
NMLS 2026 Individual and Company Enhancements, August 31 Update Target
CSBS described 2026 NMLS changes on May 6, 2026, including revised disclosure questions and improved employment relationship management. The notice also said affected individuals should complete updates by August 31, 2026 in preparation for the 2027 NMLS annual renewal period.
- Watch licensing · Federal · Aug 3, 2026
NMLS Modernization Phase Three Scheduled for August 2026
CSBS's NMLS modernization roadmap showed Phase Three as coming in August 2026, with no major feature release yet confirmed between July 20 and August 3, 2026. The planned changes include state agency task management for individual licensing and improved two-way communications for review items.
- Action required licensing · Federal · Aug 3, 2026
CSBS MTMA Adoption Tracker Updated, 31 States Enacted in Full or Part
CSBS updated its Money Transmission Modernization Act tracker in August 2026 and reported that 31 states had enacted the law in full or in part. The tracker is not a binding rule, but it is a useful current map of where state money transmitter standards are changing.
- Action required licensing · VA · Aug 3, 2026
Virginia Full MTMA Implementation Effective
Virginia's full implementation of the Money Transmission Modernization Act became effective on July 1, 2026, according to the CSBS legislative update. That made Virginia one of the newly operating MTMA jurisdictions during the July 20 to August 3, 2026 window.
- Action required licensing · LA · Aug 3, 2026
Louisiana Money Transmission Act Licensing Regime Active Through NMLS
Louisiana began licensing, regulating, and supervising money transmission licensees under the Louisiana Money Transmission Act on July 1, 2026. The July 20 to August 3, 2026 period fell within the first month of the new regime being active, with licensing handled through NMLS.
- Action required licensing · Federal · Aug 3, 2026
Student Loan Forgiveness Scam Order, Debt Relief and Telemarketing Ban
On July 21, 2026, the FTC announced a proposed order against Dennise Merdjanian over an alleged student loan forgiveness scam. The order would permanently ban her from the debt relief industry and telemarketing, and it includes a monetary judgment of more than $45.
- Action required licensing · Federal · Aug 3, 2026
Statement of Enforcement Policy in Support of Venezuela Recovery and Earthquake Relief
On July 31, 2026, the OCC issued Bulletin 2026-36, a notification on a statement of enforcement policy tied to Venezuela's economic recovery and earthquake relief efforts. The item was identified as an official OCC issuance, but not a core prudential rulemaking.
- Watch licensing · Federal · Aug 2, 2026
NMLS MU2 and MU4 Record Updates Recommended Before Renewal Season
Following NMLS changes that went live on April 18, 2026, CSBS and NMLS materials recommend updating affected MU2 and MU4 records by August 31, 2026 ahead of renewals. The changes include revised disclosure questions, redesigned employment reporting, employment gap entries, and company-managed work contact fields.
- Watch licensing · Federal · Aug 2, 2026
CSBS Money Transmission Modernization Act Status Update
CSBS published an August 2026 update to its Money Transmission Modernization Act tracker, showing current introductions and enactments and stating that 31 states have enacted the law in full or in part. This is not a rule change by itself, but it is a useful marker for multistate licensing planning.
- Action required licensing · MA · Aug 2, 2026
Massachusetts Chapter 312 Money Transmission Transition Deadline Passed
Massachusetts stated that firms needing the new money transmitter license under Chapter 312 of the Acts of 2024 had to file on or before July 1, 2026 to continue operating without interruption. By July 19 to August 2, 2026, that transition deadline had passed and the new licensing framework was fully operative.
- Action required licensing · NE · Aug 2, 2026
Nebraska LB 717 Added Payroll Processor Exemption from Money Transmitter Licensure
Nebraska changes under LB 717 became effective July 18, 2026, just before the target window. For money transmission, the official notice highlights a new exemption from money transmitter licensure for certain payroll processors.
- Action required licensing · VA · Aug 2, 2026
Virginia Money Transmitters Chapter 19.1 Replaced Prior Framework
Virginia's new Chapter 19. 1, Money Transmitters, became effective July 1, 2026 and replaced the prior Chapter 19 framework.
- Action required licensing · FL · Aug 2, 2026
Florida OFR Money Services and Legal Tender Rules in Chapter 69V-560 Took Effect
Florida OFR money services and legal tender rules in Chapter 69V-560 were effective July 1, 2026 and remained active throughout July 19 to August 2, 2026. The rule package includes provisions such as Rules 69V-560.
- Action required licensing · Federal · Aug 2, 2026
NMLS July 2026 Release Overview and Industry Enhancements
The NMLS Release Notes history page lists a July 18, 2026 release overview and related industry enhancements. No additional official NMLS public release was identified between July 19 and August 2, 2026, but the July 18 changes were active during that period.
- Action required licensing · Federal · Aug 2, 2026
FinCEN Statement of Enforcement Policy Supporting Venezuela Economic Recovery
On July 27, 2026, FinCEN issued a statement of enforcement policy in support of Venezuela's economic recovery and earthquake relief efforts. The item appears targeted to corridor-specific activity rather than a broad AML program change.
- Action required licensing · Federal · Aug 2, 2026
FinCEN Alert on Fraud Schemes Targeting Federal Student Aid
On July 24, 2026, FinCEN issued an alert urging financial institutions to detect, prevent, and report suspicious activity tied to fraud schemes involving federal student aid programs. The release page specifically tags the alert as relevant to money services businesses.
- Action required licensing · Federal · Aug 2, 2026
OCC Bulletin 2026-36, Enforcement Policy for Venezuela Recovery and Earthquake Relief
On July 31, 2026, the OCC issued Bulletin 2026-36, a notification on a statement of enforcement policy in support of Venezuela's economic recovery and earthquake relief efforts. The item appears targeted and operational rather than a broad prudential rule change.
- Watch licensing · Federal · Aug 2, 2026
OCC Bulletin 2026-35, Interagency Community Reinvestment Act Notice of Proposed Rulemaking
On July 31, 2026, the OCC issued Bulletin 2026-35 announcing an interagency notice of proposed rulemaking under the Community Reinvestment Act. This was the clearest formal OCC rulemaking development identified in the July 19 to August 2, 2026 period.
- Action required licensing · Federal · Aug 2, 2026
OCC Bulletin 2026-34, Updated Community Bank use Ratio Compliance Guide
On July 30, 2026, the OCC issued Bulletin 2026-34, Community Bank use Ratio: Updated Community Bank Compliance Guide. The bulletin updates supervisory guidance tied to the community bank use ratio framework.
- Watch licensing · Federal · Aug 2, 2026
CFPB Request for Information on Access to Mortgage Credit
On July 9, 2026, the CFPB issued a request for information on promoting access to mortgage credit. The Bureau said it is considering regulatory changes involving TRID disclosures, rescission, and reverse mortgage disclosures, which kept this item active during July 19 to August 2, 2026.
- Action required licensing · Federal · Aug 1, 2026
RAB Performance Recoveries CFPB settlement cited unlicensed debt collection activity in multiple states
The CFPB's settlement with RAB Performance Recoveries remains a key federal precedent for treating unlicensed state debt collection activity as a deceptive practice issue. The Bureau said the company pursued collections and judgments in states where it lacked required licenses, and the order barred collection on affected judgments and payment agreements while imposing a civil money penalty.
- Action required licensing · CA · Aug 1, 2026
California DFPI debt collection licensing regulations remain in force, including annual report and net proceeds requirements
California's Debt Collection Licensing Act regulations remained in force during the July 18 to August 1, 2026 period, including additional annual report and net proceeds requirements that became effective July 1, 2025. The framework continues to govern application, operational, and reporting requirements for debt collectors in California.
- Action required licensing · Federal · Aug 1, 2026
OCC Interpretive Letter 1192 on state money transmitter licensing preemption for national banks
OCC Interpretive Letter 1192, dated May 12, 2026, states that national banks are not required to comply with state money transmitter licensing requirements where those requirements would condition the exercise of federally authorized banking powers. The letter remained an important federal-state boundary issue during the July 18 to August 1, 2026 period.
- Action required licensing · Federal · Aug 1, 2026
FDIC, Federal Reserve, and OCC interagency guidance on third-party relationships remains baseline framework
The June 6, 2023 Interagency Guidance on Third-Party Relationships: Risk Management remained the controlling federal third-party risk framework during the July 18 to August 1, 2026 period. The guidance rescinded and replaced the FDIC's 2008 third-party risk guidance and sets expectations for planning, due diligence, contract negotiation, ongoing monitoring, and termination.
- Action required licensing · Federal · Aug 1, 2026
OCC Bulletin 2026-33 revises Allowances for Credit Losses handbook booklet
On July 16, 2026, the OCC issued Bulletin 2026-33 announcing a revised Comptroller's Handbook booklet on Allowances for Credit Losses and related rescissions. This was the other clear OCC supervisory update immediately preceding the July 18 to August 1, 2026 period.
- Action required licensing · Federal · Aug 1, 2026
OCC Bulletin 2026-32 on handling highly sensitive information during examinations
On July 16, 2026, the OCC issued Bulletin 2026-32 containing a joint statement on identifying and handling highly sensitive information during examinations. It fell just before the requested window, but it was the most recent clear OCC supervisory issuance in force during that period.
- Watch licensing · Federal · Aug 1, 2026
FinCEN proposed rule to reform AML/CFT program requirements for financial institutions including MSBs
In April 2026, FinCEN proposed a major rule to reform AML/CFT program requirements for financial institutions covered by the Bank Secrecy Act, including money services businesses. The proposal was still the central unresolved federal MSB regulatory development during the July 18 to August 1, 2026 period.
- Action required licensing · IA · Aug 1, 2026
Iowa Insurance Commissioner revokes nonresident producer license and orders restitution
On July 20, 2026, the Iowa Insurance Commissioner revoked a nonresident insurance producer license, prohibited the respondent from conducting insurance business in Iowa, and permanently barred the person from participation or employment in Iowa's securities industry. The action also included restitution tied to predatory financial practices targeting retired federal employees.
- Watch licensing · NY · Aug 1, 2026
New York DFS pre-proposed regulation on issuance of payment stablecoins
New York DFS posted a pre-proposed regulation on Issuance of Payment Stablecoins on June 9, 2026. The item was not new in the July 18 to August 1 window, but it remained one of the closest and most concrete state financial services rulemaking developments around that period.
- Action required licensing · IL · Aug 1, 2026
Illinois amendment to Part 345 Bank Community Reinvestment became effective
Illinois amended Part 345 Bank Community Reinvestment, with the amendment effective June 29, 2026. While outside the exact July 18 to August 1 window, it was a confirmed effective state banking rule change in force during that period.
- Watch licensing · IL · Aug 1, 2026
Illinois proposed rules for Uniform Money Transmission Modernization Act
IDFPR proposed rules for 38 IAC 207 to implement the Uniform Money Transmission Modernization Act. The proposal was published in Illinois Register Issue 20 on May 15, 2026 and was still pending during the July 18 to August 1, 2026 timeframe.
- Watch licensing · IL · Aug 1, 2026
Illinois proposed rules for Digital Asset and Consumer Protection Act
IDFPR listed proposed rules for 38 IAC 1031 implementing the Digital Asset and Consumer Protection Act. The proposal appeared in Illinois Register Issue 20 dated May 15, 2026 and remained one of the key unresolved financial regulation items heading into late July 2026.
- Watch licensing · MD · Aug 1, 2026
Maryland narrows money transmitter definition for certain payroll processing agents
Maryland enacted S. B.
- Action required licensing · VA · Aug 1, 2026
Virginia MTMA-based money transmitter law took effect
Virginia's MTMA-based money transmitter law, identified by CSBS as H. B.
- Action required licensing · Federal · Aug 1, 2026
CSBS Chair outlines supervisory and preemption priorities
On July 31, 2026, CSBS published an interview with incoming Chair Rhoshunda Kelly that set out supervisory priorities for state regulators. The post highlighted preservation of the dual banking system, resistance to broad federal preemption, closer supervision of large mortgage servicers, and continued investment in supervisory technology and examiner training.
- Action required licensing · Federal · Aug 1, 2026
CSBS blog on one year of GENIUS Act implementation
On July 20, 2026, CSBS published a policy update on one year of GENIUS Act implementation. CSBS said the statutory deadline for most implementing regulations had passed without full agency completion and used the post to press for stronger capital, consumer protection, and state coordination in stablecoin oversight.
- Action required licensing · Federal · Aug 1, 2026
FTC proposed order would permanently ban operator of student loan debt relief scheme
On July 21, 2026, the FTC announced a proposed order against Dennise Merdjanian, described by the agency as an operator of a student loan debt forgiveness scheme. The proposed order would permanently ban her from the debt relief industry and from telemarketing, which makes this a concrete federal enforcement development in the July 18 to August 1, 2026 window.
- Watch licensing · Federal · Jul 31, 2026
FinCEN proposed broad AML/CFT program reforms would modernize MSB requirements
In April 2026, FinCEN proposed a broad rewrite of AML and CFT program rules across financial institutions. The proposal would modernize requirements for money services businesses as part of a wider BSA and AML framework update.
- Action required licensing · Federal · Jul 31, 2026
FinCEN guidance on 314(b) information sharing for fraud applies to MSBs
On June 12, 2026, FinCEN issued guidance on using 314(b) information sharing to help financial institutions combat fraud. The release expressly includes Money Services Businesses among the covered institution types, and it remained one of the most recent MSB-relevant federal AML items in force during late July 2026.
Why Teams Choose Us
Want Updates Routed to Your Team?
We publish a curated feed scoped to the verticals and states each client operates in. It rolls into your Atlas workspace alongside renewals.
-
Filtered by your verticals and states
-
Severity and effective-date highlighted
-
Linked to the source ruling or notice
Regulatory Updates
Talk to an Expert
An expert will respond within one business day.