Donald J Mosher

2 weeks ago | mondaq.com | Donald J Mosher |Kara Kuchar |Melissa Goldstein |Jessica Romano

In an article that explores how the fintech sector continues toreshape how consumers and businesses access, manage and move money,Donald Mosher, head of Schulte's Bank Regulatory Group, withpartners Kara Kuchar and Melissa Goldstein and special counselJessica Romano and Adam Barazanidiscuss the advancements inintegrative technologies and the evolving regulatory landscape.

2 months ago | mondaq.com | Donald J Mosher |Kara Kuchar |Betty Santangelo |Melissa Goldstein

On Feb. 5, 2025, the Federal Deposit Insurance Corporation("FDIC") released a set of 175 documents1related to the FDIC's supervision of banks that engaged in, orsought to engage in activities related to cryptocurrency or digitalassets (broadly, "crypto"). In an accompanying statement,Acting FDIC Chairman Travis Hill stated, "The documents thatwe are releasing today show that requests [to pursue "crypto-or blockchain-related activities"] from ...

Jan 23, 2025 | mondaq.com | Donald J Mosher |Kara Kuchar |Betty Santangelo |Melissa Goldstein

On Jan. 10, 2025, the Consumer Financial Protection Bureau["CFPB") issued a proposed interpretive rule designed toclarify how the Electronic Fund Transfer Act ["EFTA") andits implementing regulation, Regulation E, apply to modern digitalpayment systems [the "Proposed Rule").1 TheProposed Rule aims to ensure that the protective measures ofRegulation E extend to consumers using digital wallets, paymentapps, gaming platforms, and digital assets such as stablecoins.

Jan 22, 2025 | mondaq.com | Donald J Mosher |Kara Kuchar |Betty Santangelo |Melissa Goldstein

On Jan.

Jan 16, 2025 | mondaq.com | Donald J Mosher |Kara Kuchar |Betty Santangelo |Melissa Goldstein

On Jan. 1, 2025, Massachusetts Governor Maura Healey signedH4840,1 also known as theMassachusetts Money Transmission Act ("MTA"), into law.2 The MTA, closelymodeled on the Money Transmission Modernization Act ("ModelLaw"), replaces the state's previous laws governing thesale of checks and money transmission by non-banks.