NEWS on Payments

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Large payments companies move to single exam

Mar 24, 2021

The Conference of State Bank Supervisors said 13 nationwide payments firms have undergone or are undergoing their single comprehensive exams during the first quarter as part of the "One Company, One Exam" program.

Background: The program for money service businesses that operate in 40 or more states aims to satisfy all state exam requirements. Each exam is led by one state overseeing a multistate group of examiners.