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ARTICLE · 02 JUNE 2025

Payments Regulation Outlook

Manatt, Phelps & Phillips, LLP
Manatt, Phelps & Phillips, LLP
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In the ever-evolving world of financial services regulation, few areas are poised for more dramatic change over the coming months and years than payments regulation.

United StatesFinance and Banking
Jessica Sklute
Jessica Sklute
Eric M. Knight
Eric M. Knight

In the ever-evolving world of financial services regulation, few areas are poised for more dramatic change over the coming months and years than payments regulation. Whether one considers continued state adoption of the Conference of State Bank Supervisors ("CSBS") Model Money Transmission Modernization Act (the "Model Act")1 or the expected decrease in federal regulatory scrutiny under the second Trump administration, it is clear that significant change is in store for the payments industry on both the state and federal level. This article discusses emerging trends in the payments industry and forecasts the development of payments law over the coming months and years.

I. State Law Developments and The Model Act

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