Members Only
Upcoming Member Events & Trainings
All sessions occur at 2:00 pm Eastern Time
- Understanding the Purpose and Function of PROGRAM Risk Assessments in Compliance Management Programs – February 26th
- March 2025 Monthly Member Meeting – March 10th
- How to Build Your Unique Program Risk Assessment – March 12th
- Understanding the Nature of Global Cooperation to Confront the Growth and Spread of Money Laundering, Terrorism and Proliferation Financing. – March 20th
- Developing, Testing and Maintaining Internal Controls Framework – March 26th
- Understanding the AML/CFT/OFAC Responsibilities of Banks Serving Payment Processors and MSBs – April 17th
Member Only Trainings & Recordings
Click on the button below to access the current training schedule which includes links to register for upcoming trainings and recordings of the past trainings we have held this year.
Online State Bill Tracker & Government Relations News Updates
As a member of the TPPPA, your organization has access to the Online State Bill Tracker & Government Relations News Updates. Click on the links below to access these Member Only resources.
NEWS
Industry News:
- Lawmakers consider bill to increase payday loan borrowing limits in Indiana
- Opinion: CT lawmakers should stop tech companies’ predatory lending
- What’s at stake for consumers as Trump officials target the CFPB
- Democrats call stop work order at CFPB ‘illegal’
- Financial Services trade groups call on CFPB to abandon its data broker proposed rule
- CFPB Disarray Puts Future Fintech, Bank Oversight Into Question
- Trump Administration Weakens Consumer Protection, Impacting Credit and Banking
- Trump Names New CFPB Head Amid Regulatory ‘Limbo’
- What to Watch for as CFPB Stops Rulemaking in its Tracks
- Hawley, Sanders push for 10 percent cap on credit card interest
- Understanding the downside of ‘buy now, pay later’ options
- Consumers With Cash Flow Gaps Are 3.5x More Likely to Use BNPL
- FICO Announces Plan to Add BNPL to Credit Score Calculations
- Consumer Borrowing Jumps By Record $40.8 Billion
- New Data: Financially Strapped Consumers Move to Credit Card Alternatives
Legislative News:
- Opposition to AI regulation is getting louder
- Mississippi Senate passes DEI ban, setting up negotiation with House
- Amid DOGE push, states wrestle with defining ‘government efficiency’
- Taxing digital ads opened Maryland up to litigation. McKee wants Rhode Island to do it anyway.
- Despite Slowing Revenues, Property Tax Cuts Are All the Rage
- States absorb big increases in Medicaid for sicker-than-expected enrollees after COVID-19 pandemic
- Year-round standard time, daylight saving time bills both advance from Nebraska committee
- As fire season grows, California senators push for more year-round firefighters
- Ohio Gov. Mike DeWine picks former OSU coach Jim Tressel to serve as Lt. governor
Election News:
- Deb Haaland officially launches campaign for New Mexico governor
- Casey DeSantis considers running for Florida governor amid push from top donors
LEGISLATION
Introduced Legislation:
Alaska – H.B. 99 – MONEY TRANSMISSION; VIRTUAL CURRENCY
· Author: Rep. Zack Fields (D)
· Last timeline action: Referred to House Committee on Labor and Commerce (02/12/2025)
· Bill summary: Amends Alaska's money transmission laws to include virtual currency regulations; requires licenses and detailed compliance processes; effective January 1, 2026.
Arkansas – H.B. 1467 – to Amend the Uniform Money Services Act
· Author: Rep. Brandon Achor (R)
· Last timeline action: Referred to House Committee on Insurance and Commerce (02/12/2025)
· Bill summary: Mandates money transmission licensees provide training to each authorized delegate on how to recognize and respond to financial abuse and exploitation of an elder adult; mandates licensure of virtual currency kiosks; effective 90 days following the legislatures adjournment sine die.
Arizona – H.B 2906 – financial technology; digital assets program
· Author: Rep. Jeff Weninger (R)
· Last timeline action: Introduced (02/10/2025)
· Bill summary: Amends the regulatory sandbox program to be the financial technology, digital assets and blockchain sandbox program; allows temporary testing innovation on a limited basis without otherwise being licensed or authorized to act under the laws of the state; effective 90 days after the legislature adjourns sine die.
Colorado – HB25-1201 – Model Money Transmission Modernization Act
· Author: Rep. Bob Marshall (D)
· Last timeline action: Referred to House Committee on Finance (02/10/2025)
· Bill summary: Establishes the Money Transmission Modernization Act; clarifies “control” over a licensee, facilitates participation in multistate licensing initiatives, and expands enforcement actions in case of nonperformance by a money transmitter; effective 91 days following the legislature’s adjournment and expires September 1, 2030.
Illinois – H.B. 3455 – Consumer & Predatory Loans
· Author: Rep. Justin Slaughter (D)
· Last timeline action: Filed (02/07/2025)
· Bill summary: Adjusts the annual percentage rate to be calculated using the federal Truth in Lending Act rather than a military annual percentage rate; expands the rate cap from 36% to 36% plus the federal funds rate; authorizes an administrative fee of up to $75 on loans up to $5,000, but limits collection for once a year; provides that a licensee shall not impose a penalty for prepayment; mandates that a credit education program is offered prior to disbursing loan proceeds; effective upon enactment.
Illinois – H.B. 3467 – Banking-Various
· Author: Rep. Dagmara "Dee" Avelar (D)
· Last timeline action: Filed (02/07/2025)
· Bill summary: Prohibits discrimination against financial services provided to cannabis-related legitimate businesses; authorizes a bank to provide data processing services to a person for profit; authorizes certain banking investment practices; effective upon enactment.
Illinois – H.B. 3477 – Business Truth in Lending Act
· Author: Rep. Dagmara "Dee" Avelar (D)
· Last timeline action: Filed (02/07/2025)
· Bill summary: Establishes disclosure requirements for commercial financing including sales-based, closed-ended, open-ended, and factoring transactions; effective upon enactment with registration and compliance required no sooner than January 1, 2026.
Illinois – S.B. 1797 – Digital Assets & Cons Prot Act
· Author: Sen. Mark Walker (D)
· Last timeline action: Referred to Senate Committee on Assignments (02/06/2025)
· Bill summary: Establishes the Digital Assets and Consumer Protection Act requiring registration of digital asset businesses that exchange, transfer, or store a digital asset or engage in digital asset administration; mandates applicants provide the Department of Financial and Professional Regulation comprehensive information about their business activities, financial condition, legal or regulatory issues, and a nonrefundable application fee; effective January 1, 2027.
Illinois – S.B. 1853 – Consumer & Predatory Loans
· Author: Sen. Willie Preston (D)
· Last timeline action: Referred to Senate Committee on Assignments (02/06/2025)
· Bill summary: Adjusts the annual percentage rate to be calculated using the federal Truth in Lending Act rather than a military annual percentage rate; expands the rate cap from 36% to 36% plus the federal funds rate; authorizes an administrative fee of up to $75 on loans up to $5,000, but limits collection for once a year; provides that a licensee shall not impose a penalty for prepayment; mandates that a credit education program is offered prior to disbursing loan proceeds; effective upon enactment.
Illinois – S.B. 2319 – Virtual Currency Consum Prot
· Author: Sen. Laura Ellman (D)
· Last timeline action: Referred to Senate Committee on Assignments (02/07/2025)
· Bill summary: Regulates virtual currency kiosks requiring operators to provide specific disclosures, to issue a receipt, and maintain live customer service; requires operators to be licensed, report kiosk locations annually and to obtain a money transmitter license; effective January 1, 2026.
Kansas – H.B. 2337 – Imposing a fee on each international transaction by a money transmitter by wire, allowing the state bank commissioner to assess penalties for the nonpayment of such fee, providing for the distribution of such fee and penalty moneys, establishing the criminal litigation fund, wire transfer fee fund and prosecutor and law enforcement grant fund and creating a misdemeanor crime of unlawful transmission of a wire transfer and providing criminal penalties therefor
· Author: House Committee on Financial Institutions and Pensions
· Last timeline action: Introduced (02/07/2025)
· Bill summary: Requires money transmitters to collect a fee on international money transfers; fees include $7.50 for transactions of $500 or less and 1.5% for those exceeding $500; provides an income tax credit for fees; establishes a criminal litigation fund, wire transfer fee fund, and prosecutor and law enforcement grant fund; directs fee revenues to the funds; effective July 1, 2025.
Kentucky – H.B. 377 – AN ACT relating to digital assets
· Author: Rep. T.J. Roberts (R)
· Last timeline action: Referred to House Committee on Committees (02/06/2025)
· Bill summary: Establishes a regulatory framework for digital assets in Kentucky, prohibiting the use of central bank digital currencies for state and local payments, defining digital asset classifications, and setting guidelines for financial institutions offering custodial services; implementation October 1, 2025.
Montana – L.C. 2665 – Create a Montana blockchain and digital innovation task force
· Author: Sen. Gayle Lammers (R)
· Last timeline action: Filed (02/07/2025)
· Bill summary: Create a Montana blockchain and digital innovation task force.
New York – S. 4570 – Enacts the New York state money transmission disclosure act
· Author: Sen. James Sanders (D)
· Last timeline action: Referred to Senate Committee on Banks (02/07/2025)
· Bill summary: Mandates a written disclosure is provided to a customer involved in a currency exchange prior to the transaction; the disclosure must include the exchange rate, commissions charged, fees charged, and the total amount of currency to be delivered; effective 90 days after becoming law.
New York – S. 4728 – Establishes the New York state cryptocurrency and blockchain study task force
· Author: Sen. James Sanders (D)
· Last timeline action: Referred to Senate Committee on Banks (02/12/2025)
· Bill summary: Creates a task force to study the impact of cryptocurrencies and blockchain in New York, with a report due by December 15, 2027, and the act expiring on that date.
West Virginia – S.B. 64 – Prohibiting financial institutions from discriminating against firearms businesses
· Author: Sen. Rupie Phillips (R)
· Last timeline action: Referred to Senate Committee on Banking and Insurance (02/12/2025)
· Bill summary: Prohibits financial institutions from refusing to engage in business with firearm entities unless there is a legitimate business or financial reason, or if directed by a state banking authority; effective July 1, 2025.
West Virginia – S.B. 272 – Prohibiting discriminatory practices by financial institution or government entity against firearms manufacturers
· Author: Sen. Patrick Martin (R)
· Last timeline action: Referred to Senate Committee on Banking and Insurance (02/12/2025)
· Bill summary: Prohibits discriminatory practices by financial institutions and government entities against those involved in the lawful firearms industry, providing civil remedies and empowering the Attorney General to take action against violators; effective 90 days after passing the legislature.
Hearings:
New Hampshire – H.B. 639 – Relative to the Use of and Disputes Over Blockchain and Digital Currencies
· Hearing: February 11 at 1:15 PM EST in House Committee on Commerce and Consumer Affairs
Washington – H.B. 1268 – Concerning Virtual Currency Transaction Kiosks
· Hearing: February 14 at 8:00 AM PST in House Committee on Consumer Protection and Business
Kansas – H.B. 2337 – Imposing a fee on each international transaction by a money transmitter by wire, allowing the state bank commissioner to assess penalties for the nonpayment of such fee, providing for the distribution of such fee and penalty moneys, establishing the criminal litigation fund, wire transfer fee fund and prosecutor and law enforcement grant fund and creating a misdemeanor crime of unlawful transmission of a wire transfer and providing criminal penalties therefor
· Hearing: February 17 at 9:00 AM CST in House Committee on Financial Institutions and Pensions
Illinois - H.B. 62 - Consumer Fraud-Fee Disclosure
· Hearing: February 18 at 4:00 PM CST in House Committee on Consumer Protection
Maryland – H.B. 1294 – Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization
· Hearing: March 4 at 1:00 PM EST in House Committee on Economic Matters
LEGISLATIVE SESSION DATES
48 States in Session:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming
Upcoming 2025 Session Start Dates:
· March 4 - Florida
· April 14 - Louisiana
The TPPPA thanks the government relations experts at Catalyst!
Regulatory Update Subscriptions
Click on the button below to access the links to subscribe to the current regulatory updates.
If you wish to share any of the material found on the Members Only section of the website outside of your organization, please request to do so in writing to [email protected].