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News State Regulators Take First Step to Standardize Licensing Practices for Fintech Payments

  • Division of Banks
Conference of State Bank Supervisors

The Conference of State Bank Supervisors (CSBS) issued a press release today about seven states, including Massachusetts agreeing to standardize licensing practices for fintech payments.

Link to CSBS press release

Division of Banks 

The Division of Banks (DOB) is the chartering authority and primary regulator for financial service providers in Massachusetts. DOB's primary mission is to ensure a sound, competitive, and accessible financial services environment throughout the Commonwealth.