Credit Card Repayment Ability Fix Issued by CFPB
By: David A. Tallman , Eric Mitzenmacher Financial life just got a little bit easier for stay-at-home moms and dads. For over a year and a half, regulations originally promulgated by the Federal...
View ArticleNMLS Advance Notice Release
By: * Stacey L. Riggin Ms. Riggin is not admitted to the practice of law. On May 8, 2013, the Conference of State Bank Supervisors published release notes for a June 24, 2013 Nationwide Multistate...
View ArticleReport Elder Abuse to Authorities, Federal Regulators Tell Financial...
By: David L. Beam, *Anjali Garg *Ms. Garg is a law clerk and not admitted to the practice of law. Federal privacy laws do not prohibit a financial institution from reporting suspected elder abuse to...
View ArticleThe CFPB Defines Foreign Remittance Transfer “Larger Participants”
By: David L. Beam, Christopher G. Smith The Dodd-Frank Act provided the CFPB with examination authority over, among others, “larger participants” of consumer financial product and service markets....
View ArticleWhat’s the Deal With the CFPB and Bitcoin?
By: David L. Beam The Consumer Financial Protection Bureau just released an advisory for consumers on digital currencies (a.k.a. “virtual currencies”) like Bitcoin. But the thing that’s most...
View ArticleGet Ready to Be Acquired
By: Robert P. Zinn Acquisition for payments startups and growing companies is a fact of life. And, whether acquisition is your reason for being or you want to grow old with the company you’ve founded,...
View ArticleFinCEN Acknowledges the Problem, But a Solution Will Require More
By: David L. Beam Money services businesses (“MSBs”) have been losing access to banking services. Increased scrutiny by bank regulators of MSB relationships have led banks to conclude that providing...
View ArticleA K&L Gates and Paybefore Webinar: 870 Pages in 90 Minutes: What the CFPB’s...
4 December 2014 2:00 p.m. – 3:30 p.m. ET Complimentary Webinar The payments industry is only starting to digest the potential consequences of the CFPB’s sweeping proposed rule on prepaid accounts. On...
View ArticleSection 363 Sale Order Enjoining Successor Liability Claims Not Subject to...
By: Charles A. Dale III, David A. Mawhinney Bankruptcy Courts in the United States are now well-recognized as a marketplace for the purchase and sale of distressed businesses. “Section 363 sales” in...
View ArticleFive Steps To Data Breach Coverage For Card Issuer Liability
By: Roberta D. Anderson Target’s recent $19 million settlement with MasterCard underscores very significant sources of potential exposure that often follow a data breach incident. In the wake of any...
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