Cash Services Organizations Call Report Q1 Submission Deadline Approaching Fast

Cash Services Organizations Call Report Q1 Submission Deadline Approaching Fast

The NMLS Money solutions companies (MSB) Call Report, described by the Conference of State Bank Supervisors (CSBS) as “a brand brand new device in the Nationwide Multistate Licensing System (NMLS) that may streamline MSB reporting, enhance conformity by the industry, and produce the only real comprehensive database of nationwide MSB transaction activity,” is now reside in the NMLS, and also the initial report is born.

Since state regulators chose to transition the certification of income solutions businesses onto the NMLS, they’ve been developing an even more consistent report, which standardizes lots of definitions and also the categorization of deals, in which MSBs could report on their money service-related activities through the NMLS.

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