cover story
FinCEN Proposes Changes to MSB Regulations
Also Inside:
Regulations governing Money Services
Businesses were first proposed more than a decade ago. Since
their creation, the industry’s regulatory environment has
matured well beyond its developmental stage and now the
Financial Crimes Enforcement Network — also known as
FinCEN or the Agency — is proposing changes to the
existing rules.
congress
House Act Threatens Payday Loan Industry
At first glance, the Payday Loan Reform
Act of 2009 may seem favorable to the industry. The bill, which
was introduced in the House in late February, does not limit
loans to a 36 percent cap. Instead, it allows the industry to
charge 15 cents for every dollar loaned.
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covernment
Payments Evolution: A Wake up Call
A vendor claims there’s a lack of
understanding of electronic payments in the payday loan
industry.
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