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December 13, 2023

Lithic Legal Library: Free Legal Templates for Card Programs (Now with Commercial Card Templates)

The Lithic Legal Library is an open repository of legal and compliance templates that are free for all companies to use. We keep expanding the library with new and updates templates for the fintech community.
July 21, 2022

Fintech Regulations and Compliance: State Regulators

State regulators have the most impact on fintechs. In this guide, we explain how to navigate state regulations and interact with state regulators.
July 19, 2022

Money Services Business (MSBs) and Money Transmitters

If you work in fintech, you may have heard the phrase “money transmitter.” If you handle and send money for others, it’s important to know the basics of money transmission licenses (MTLs). But MTLs are actually a subset of “money services businesses” or MSBs.
June 17, 2022

How to Build and Scale a Compliance Team

In this guide, we provide guidance on how to build a compliance organization from scratch, covering everything from staffing to responsibilities.
June 10, 2022

Fintech Guide to Building a Compliance Program

Compliance can feel like a black box to many fintech operators. In this guide, we explain how to approach building a compliance program.
June 8, 2022

Fintech Guide to Building U.S. KYC/KYB Operations

This guide explains common KYC requirements and highlights areas that you’ll likely need to consider as you build up your KYC operations.
May 26, 2022

Explainer on Fintech AML Requirements

AML laws require fintechs to have programs and tools in place to detect/prevent money laundering. This explainer helps you navigate what’s needed.
April 25, 2022

Gift Card Requirements and Promo Card Rules

Gift cards and promotional cards are like prepaid cards that come pre-loaded with a specific amount of money. These cards can be either closed-loop or open-loop.
April 20, 2022

Explainer on The Prepaid Rule for Fintechs

If you’re issuing cards, you’ve likely heard about prepaid cards. But why are so many fintechs offering these products? And why is the prepaid card market valued at over $1.73 trillion¹?Prepaid cards can be used just like a debit or credit card, but they’re not tied to any bank account and work a little differently behind the scenes. Unlike debit cards, your money is loaded on the card itself (rather than a bank account) and you can generally only use the card to spend up to the amount you loaded.
April 8, 2022

Explainer on the Electronic Fund Transfer Act & Regulation E for Fintechs

If you’re launching a card program, you may have heard terms like the EFTA or Reg E being thrown around in legal or compliance discussions.The Electronic Fund Transfer Act (EFTA) is important to fintechs because it establishes the rights, liabilities, and responsibilities for parties involved in an electronic transaction (like a debit card transaction). It’s what allows consumers to challenge transaction errors (disputes) or get their money back when an investigation reveals a legitimate error or wrongdoing (chargeback).