Is Over Regulation Killing the Industry? Money Service Businesses (MSBs) are one of the most regulated entities in the financial services vertical. In the United States the regulations are even more stringent. Yet, today, most MSBs are being denied banking access, as they are deemed risky. The industry term used by banking institutions is to …
Bank De-Risking MSBs In my previous posts [Can’t find MSB Friendly Banks? Go ahead, scream. No one is listening -and- The Sandstorm that is blanketing the operations of money transfer companies] I discussed on how the whole paradigm shift that is happening in banking with respect to de-risking is sending ripples in the money transfer …
Banking De-Risking: The Domino Effect Is Now In Full Force. Read More »
