Skip to main content

CFI Committee Newsletter | April 2023

April 13, 2023

NCSL Legislative Summit

Registration Now Open for NCSL’s 2023 Legislative Summit

Join lawmakers and staff from across the country Aug. 14-16 in Indianapolis to network, exchange ideas and learn what’s working in other states. Get up to speed on today’s most pressing policy issues, with more than 80 sessions on topics including health care, workforce, civility, rail safety, artificial intelligence, state budgets, the economy, education, elections and more.

Conference of State Bank Supervisors

The Money Transmission Modernization Act in the States

A collaborative initiative between industry and state financial regulators creating a streamlined state licensing system of money transmitters through the Money Transmission Modernization Act (MTMA) is being considered in state legislatures. The MTMA is a set of nationwide standards and requirements designed to protect consumers and enable local innovation.

National Association of State Chief Information Officers

State Use of the Metaverse

In a new report, Navigating the Metaverse: Potential Applications and Implications for State Government, NASCIO highlights some use cases for how states are using virtual and augmented reality and other metaverse adjacent technologies. It also explores some potential steps to consider before applying the metaverse to state government.

Consumer Financial Protection Bureau

CFPB Finalizes Rule to Create a New Data Set on Small Business Lending
At the end of March, the CFPB issued a new rule implementing Section 1071 of the Dodd-Frank Act that requires the collection and reporting of credit application data for small businesses from financial institutions. The data collection on small business lending is designed to be like data collection on residential mortgage lending. Banks and credit unions raised concerns that the new rule may overreach and will have unintended consequences.

NCSL State Legislatures News

Supreme Court Voices Hesitation in Case Involving Speech Protections for Big Tech

In the case Gonzalez v. Google, plaintiffs argue that social media platforms can be held liable for the speech they publish. But Google claims Section 230 of the Communications Decency Act provides it immunity.

American Property Casualty Insurance Association

U.S. Property and Casualty Insurers Facing Hard Market Due to Inflation and Claims

A new white paper, Hard Market Cycle Arrives: Inflation, Natural Disasters, and More Straining Property Insurance Markets, examines the top inflation trends, natural disaster losses and financial impacts resulting in significant pressure for property insurers, reinsurers and consumers.

  • Contact NCSL

  • For more information on this topic, use this form to reach NCSL staff.