From (way down in) the article: "In April, after New Hampshire’s banking department cited TransferWise for operating in the state for a year without meeting mo

From (way down in) the article: "In April, after New Hampshire’s banking department cited TransferWise for operating in the state for a year without meeting money-transmitter regulations, the company agreed to pay a penalty equivalent to the fees it had earned during that time. (The startup has since begun offering its services in the U.S. through a partnership with a fully licensed bank, New York-based Community Federal Savings Bank, and has obtained its own money-transmitter licenses in many states.)"