State & Federal Developments

State Issues

This week the Department of Financial Services (DFS) released guidance for State-licensed virtual currency businesses and limited purpose trust companies 

Federal Issues

The CFPB is conducting a review of the Credit Card Accountability Responsibility and Disclosure Act (CARD Act) and is seeking public comment on agreement terms, fees, disclosures, and more to determine whether regulatory adjustments are needed. Comments are due April 24.



 


Questions? Contact govtrelations@nyba.com