CSBS reported on the enactment of the Money Transmission Modernization Act in 31 states, which streamlines money transmitter licensing.
What changed
Introduced uniform national standards for money transmitters across adopting states.
Compliance perspective
Companies need to adjust their licensing processes in line with the new national standards.
Key date
Effective date: September 3, 2026.
Need help keeping up with these changes?
Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.