Members Only
Upcoming Member Events & Trainings
All sessions occur at 2:00 pm Eastern Time
- Industry Best Practices in Payment Processing: TPPPA CMS Control Framework - January 29th
- February 2025 TPPPA Monthly Member Meeting - February 10th
- Third-Party Risk Management and Its Role in the TPPPA CMS – February 12th
- Understanding the Nature of Global Cooperation to Confront the Growth and Spread of Money Laundering, Terrorism and Proliferation Financing. – February 20th
- 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 AML/CFT/OFAC Responsibilities of Banks Serving Payment Processors and MSBs – March 20th
- Developing, Testing and Maintaining Internal Controls Framework – March 26th
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:
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- By the end of January, 44 states will have kicked off their sessions.
- Monday, January 13 — Arizona, Arkansas, Georgia, Iowa, Kansas, and Washington
- Tuesday, January 14 — Delaware, Minnesota, New Jersey, South Carolina, South Dakota, Tennessee, Texas, and Wyoming
- Wednesday, January 15 — Hawaii
- Massachusetts Expands Money Transmitter Law to Include Domestic Transactions
- Financial Services Legislation Is in the Spotlight as the 119th Congress Settles In
- California Increases the Pressure on Alleged “Junk Fees”: New Law Targets ATM Charges
- Navigating Consumer Protection: The CFPB’s Expanding Reach - Payments Pros - The Payment Law Podcast
- CFPB Signals Rulemaking Push for Nonbank Personal Loans, Including BNPL
- CFPB details BNPL, EWA supervision for first time
- Payments plays gather momentum in 2025: 6 industry trends to watch
- 90% of Banks Say Customers Would Benefit From Instant Payments
- Instant payments are a 2025 priority for financial institutions
- ‘Debanking’ Debate Resurfaces Amid Trump’s Return to Office
- Fed’s Barr to resign early from regulatory job to avoid legal fight with Trump
- Credit Card Defaults Surge to 14-Year High
Legislative News:
- After AI’s busy 2024, expect more of the same next year
- After 2 years of shortfalls, California governor proposes $322B budget with no deficit
- Maryland lawmakers convene with $3B deficit and uncertainties over incoming Trump administration
- New York state government to monitor its use of AI under a new law
- New social media regulation proposals are on tap in states
- Virginia’s first full day of legislative session delayed by water issues from winter storm
- Ohio has new GOP Speaker Matt Huffman
- Maine lawmakers get 61% pay increase
Election News:
- Virginia Democrats keep control of Statehouse in first elections after Trump win
- GOP sues over timing of special election crucial to Minnesota House power balance
- Minnesota spice: House power agreement turns into battle
- Last North Carolina legislative races get finalized, confirming GOP loss of veto-proof control
- North Carolina justices block certification of election outcome in race for one of its own seats
- Ohio Lt. Gov. Jon Husted emerges as frontrunner for JD Vance’s Senate seat
- Evers’ plan to let Wisconsin voters repeal and create state laws meets GOP resistance
Legislation
Introduced Legislation:
Colorado – H.B. 25-1020 – Earned-Wage Access Service Provider
- Bill author: Rep. Sean Camacho (D)
- Last timeline action: Referred to House Committee on Business Affairs and Labor (01/08/2025)
- Bill text
- Bill website
- Bill summary: Mandates licensing for earned-wage access services in Colorado, introduces consumer protections, and clarifies that these services are not loans. Prohibits tips. Effective November 1, 2025.
Illinois – H.B. 62 – Consumer Fraud-Fee Disclosure
- Bill author: Rep. Bob Morgan (D)
- Last timeline action: Filed (01/08/2025)
- Bill text
- Bill website
- Bill summary: Requires clear disclosure of total prices in consumer transactions, prohibits misleading fee practices, and enforces compliance through the Consumer Fraud and Deceptive Business Practices Act, while preempting local regulation.
Indiana – H.B. 1125 – Earned wage access services
- Author: Rep. Jake Teshka (R)
- Last timeline action: First reading in House Committee on Financial Institutions (01/08/2025)
- Bill text
- Bill website
- Bill summary: Regulates services for accessing earned but unpaid income, requiring provider licensing, ensuring consumer protection, and establishing enforcement mechanisms. Effective July 1, 2025.
Massachusetts – H. 4840 – An Act Relative To The Regulation Of Money Transmission By The Division Of Banks
- Author: House Committee on Ways and Means
- Last timeline action: Signed by the Governor (01/01/2025)
- Bill text
- Bill website
- Bill summary: Establishes a comprehensive framework for regulating money transmission in Massachusetts, including licensing requirements, exemptions, reporting obligations, and the authority of the Commissioner of Banks to conduct examinations and investigations, while also repealing and replacing existing laws and setting specific fees and deadlines for compliance. Effective date varies by section.
New Mexico – H.B. 59 – Earned Wage Access Services Act
- Bill author: Rep. Tara Lujan (D)
- Last timeline action: Prefiled (01/08/2025)
- Bill text
- Bill website
- Bill summary: Regulates providers offering access to earned but unpaid wages in New Mexico, requiring licensure, transparency in fees, and prohibiting certain practices, with enforcement beginning October 15, 2025.
New York – A. 391 – Requires certain disclosures in advertisements involving virtual tokens
- Author: Assemb. Clyde Vanel (D)
- Last timeline action: Referred to Assembly Committee on Science and Technology (01/08/2025)
- Bill text
- Bill website
- Bill summary: Mandates that any advertisement concerning virtual tokens must disclose the amount and nature of any consideration involved, whether it is past, prospective, direct, or indirect. Prohibits any false, misleading, or deceptive statements in advertisements related to virtual tokens or other financial products and services. Effective immediately.
New York – A. 682 – Relates to the regulation and licensing of on-demand pay providers
- Author: Assemb. Andrew Hevesi (D)
- Last timeline action: Referred to Assembly Committee on Banks (01/08/2025)
- Bill text
- Bill website
- Bill summary: Amends New York banking law to regulate on-demand pay providers, requiring registration and compliance with specific standards for employer-integrated providers, while treating non-verified services as loans with capped interest rates, and imposing penalties for violations. Effective 90 days after enactment.
North Dakota – H.B. 1127 – A BILL for an Act to create and enact chapter 13-01.2 of the North Dakota Century Code, relating to the financial institution data security program; and to amend and reenact sections 6-01-04.1 and 6-01-04.2, subsection 7 of section 6-03-02, sections 13-04.1-01.1, 13-04.1-11.1, 13-05-07.1, 13-08-10, 13-08-11.1, and 13-09.1-14, subsection 3 of section 13-09.1-17, sections 13-09.1-38 and 13-10-05, subsection 1 of section 13-11-10, section 13-12-19, subsections 6, 21, and 22 of section 13-13-01, and sections 13-13-04 and 13-13-18 of the North Dakota Century Code, relating to the department of financial institutions, financial institutions, response to department requests, renewal of licenses, orders to cease and desist, issuance of licenses, revocation of licenses, and exemptions from licenses
- Author: House Committee on Industry, Business, and Labor
- Last timeline action: Prefiled (01/03/2025)
- Bill text
- Bill website
- Bill summary: Establishes a comprehensive data security program for financial corporations in North Dakota, requiring risk assessments, regular testing, and incident response plans, while amending existing laws to enhance oversight and compliance, including license issuance and revocation processes. Effective August 1, 2025.
Virginia – H.B. 1942 – Financial institutions; regulation of money transmitters; penalty
- Author: Del. Joshua Cole (D)
- Last timeline action: Prefiled (01/06/2025)
- Bill text
- Bill website
- Bill summary: Strengthens Virginia's regulatory framework for money order sellers and money transmitters by requiring licensing, financial security, and compliance with reporting standards to protect consumers and ensure financial stability, while promoting multistate regulatory cooperation and setting penalties for non-compliance. Effective January 1, 2026.
Hearings:
- Nothing new to report
Legislative Session Dates
25 States in Session:
- Colorado, Connecticut, D.C., Idaho, Illinois, Indiana, Kentucky, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New York, North Carolina, North Dakota, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, and Wisconsin
Upcoming 2025 Session Start Dates:Tuesday, January 21 — Alaska, New Mexico, Oregon, and Utah
The TPPPA thanks the government relations experts at Catalyst!
Regulatory Update Subscriptions
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