CSBS

Crypto Firm Abra Settles States’ Charges of Operating Without Licenses
Crypto Firm Abra Settles States’ Charges of Operating Without Licenses
June 26, 2024  |  Cryptocurrency

Cryptocurrency firm Abra and its CEO and largest equity owner Bill Barhydt have reached a settlement with 25 state regulators. The settlement follows the states’...

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Sigue Halts Money Transmission Activity Following Financial Regulators’ Consent Order
Sigue Halts Money Transmission Activity Following Financial Regulators’ Consent Order
March 22, 2024  |  Regulation

Sigue Corp. has stopped its money transmission activities after being ordered to do so by financial regulatory agencies from 39 states, Puerto Rico and the District...

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NY Financial Services Superintendent Adrienne Harris Named to FSOC
NY Financial Services Superintendent Adrienne Harris Named to FSOC
December 13, 2022  |  Personnel

A new state banking representative will be serving on the Financial Stability Oversight Council (FSOC).  Adrienne A. Harris, superintendent of the New York State Department...

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US State Banking Regulators Drop Lawsuit Over FinTech Charters
US State Banking Regulators Drop Lawsuit Over FinTech Charters
January 14, 2022  |  Regulation

A group of U.S. banking regulators withdrew their lawsuit that sought to block the federal government from granting bank charters to FinTech companies.  The Conference of...

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Court Rules Only ‘Depository Institutions’ Eligible For OCC’s Bank Charters
Court Rules Only ‘Depository Institutions’ Eligible For OCC’s Bank Charters
October 24, 2019  |  Legal

Lights out for the FinTech charter idea? The Office of the Comptroller of the Currency (OCC) debuted a special purpose charter in 2016 that would...

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State Regulators Sue To Block FinTech Charters
State Regulators Sue To Block FinTech Charters
October 30, 2018  |  Bank Regulation

In the latest salvo over awarding national bank charters to FinTechs spanning tech upstarts across online lending and various payments functions, the Conference of State...

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Lawsuit Filed Over OCC FinTech Charter Plans
Lawsuit Filed Over OCC FinTech Charter Plans
April 27, 2017  |  Legal

The Conference of Bank State Supervisors (CSBS), an organization and advocate for the legislative and regulatory interests of state banking, has just filed suit against...

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