Having worked as a state regulator for 15 years and with the NMLS since its inception shaped my practice, and my clients directly benefit from that experience. I know how to get the answers that you can't get from the NMLS call center. I know the regulators and the regulators take my calls. If my client’s issue touches the state regulatory system, I help them understand what it will take to be in compliance. The field of cryptocurrency and digital assets is rapidly evolving, and I guide FinTechs through confusing, convoluted state and federal requirements.
Amy Greenwood-Field is a nationally recognized leader on Nationwide Multistate Licensing System & Registry (NMLS) compliance. She assists with analyzing proposed business models for depository, non-depository, and FinTech clients on regulatory and licensing requirements. Her experience involves preparing multistate regulatory surveys for financial service providers and facilitating interaction with regulatory agencies on various compliance matters. Amy’s clients range from traditional mortgage brokers, bankers, and servicers to bank partners, installment lenders, consumer and commercial lenders, and money services companies.
As a young attorney, Amy’s practice was developed at the Nebraska Department of Banking, one of the first states to move licensing to the NMLS. As a former regulatory NMLS system administrator and Policy Committee member, she has been deeply involved with the development, testing, and use of the system and its related reporting requirements. She has a comprehensive understanding of the system and its nuances, spanning everything from application submissions and review to change notices, reporting, renewals, and disclosures. In recent years, Amy has developed a deep knowledge of the licensure restrictions and permissions related to the transition to “work from home” protocols spurred by the COVID-19 pandemic.
When it comes to cryptocurrency, virtual currency, and digital assets, the regulatory framework is slowly catching up to disruptive technology. Amy maintains up-to-date knowledge of the various state and federal regimes to counsel a wide variety of financial clients on licensure and operational requirements for domestic and international transactions. From crypto–to-crypto to fiat-to-crypto transmissions, Amy helps clients navigate the regulatory terrain.
A trusted advocate for her clients, Amy is a member of the NMLS’s Industry Development Working Group, a panel of industry members that directly advises upon the development and regulatory concerns surrounding system use, and frequently submits issues for discussion and resolution to the NMLS Ombudsman. She also serves as the inaugural chair of the Money Transmitter Regulators Association (MTRA) Industry Advisory Council.