On October 18, 2016, DWT hosted a NYPAY panel titled “What’s Next for the Networks in a World of Faster Payments?” NYPAY is a New York-based forum for the payments and mobile commerce industry. The recent panel was part of a series of NYPAY events hosted by DWT. Deborah Baxley, Partner ...
Developments and Commentary
Rebecca L. Williams on Oct 18, 2016
Financial organizations that are business associates can expect a wave of HIPAA desk audits to evaluate the HIPAA compliance efforts of business associates. These audits have a limited focus and are conducted by the U.S. Department of Health and Human Services’ Office for Civil Rights (OCR). For business associates, desk ...
Davis Wright Tremaine on Oct 13, 2016
On October 13, the DWT Payments team briefed the Consumer Working Group of the Financial Services Roundtable (FSR) on the CFPB’s final prepaid account rule. The presentation focused on the following topics: Scope of the Rule Pre-Acquisition Disclosures Periodic Statements – and Alternatives Error Resolution Regulation Z Overdraft Effective Date To view the presentation materials, click here.
Davis Wright Tremaine on Oct 03, 2016
Adam Maarec, member of DWT Payments Team, along with John C. Morton, member of Gordon Feinblatt’s Financial Services Practice Group, recently published an updated survey of activities identified by the Dodd-Frank Act as unfair, deceptive, or abusive related to consumer financial products. The survey covers relevant UDAAP activities that occurred ...
Adam D. Maarec on Sep 28, 2016
The Federal Trade Commission (FTC) held a workshop last week on the effectiveness of consumer disclosures. Titled “Putting Disclosures to the Test”, the workshop featured a series of presentations on recent academic, professional, and government research. Given that the average reading level in the United States is between the 7th ...
Adam D. Maarec on Oct 04, 2016
PLA today posts a decision from the Second Circuit enforcing American Express’s contractual prohibition against steering (see United States v. American Express Company). Reversing a district court opinion that barred these contractual terms for allegedly violating antitrust laws, the Second Circuit decision appears to allow Amex to prohibit merchants from: “offering ...
Julia Dempewolf on Sep 20, 2016
On September 7, 2016, attorneys from Davis Wright Tremaine LLP attended Next Money NYC 2016. Next Money featured speakers from across the payments industry and the BBVA Open Talent Pitch Competition where twenty fintech start-ups competed for two € 30,000 prizes. Here are our top takeaways from the conference: Blockchain Holds ...
Courtney K. Stout & Bryan Thompson on Jul 13, 2016
PCI Council announces that new requirements will be considered “best practices” until compliance becomes mandatory on Feb.1, 2018 The Payment Card Industry (PCI) Security Standards Council (PCI Council) released Version 3.2 of the PCI Data Security Standard (PCI DSS), containing several new requirements for merchants, acquirers, and other entities that accept, ...
Davis Wright Tremaine on Jul 05, 2016
PLA today posts materials prepared by Norm Page, Chair of DWT’s China Practice and Adjunct Professor at the East China University of Political Science and Law, regarding cross-border financing transactions between China and the United States. PLA hopes that these materials will provide those practicing in this area with a ...
James H. Mann on Jun 15, 2016
PLA today augments its popular UDAAP Enforcement Action Database page with a link to “Consumer Financial Protection Bureau Law Enforcement: An Empirical Review,” by Professor Christopher L. Peterson. We hope you find it useful.
Our Payments Team addresses changes and continuities in the payments industry every day—leveraging our many years of industry experience and our presence on both coasts and in China. On paymentlawadvisor, we offer commentary on new developments that seem particularly significant, as well as resources that we believe can be helpful to others who are tasked with anticipating, understanding and addressing these developments.
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.@DWTLaw Hosts Faster #Payments Panel https://t.co/2io40TOlDg @NYPAYGROUP
4 days ago
Just Around the Corner – #HIPAA Audits for Business Associates https://t.co/ecgt8KyegB https://t.co/vkiZQN4jKg
1 week ago
#FTC Announces Agenda, Panelists for Oct. 26 #FinTech Forum on Peer-to-peer Payments and #Crowdfunding https://t.co/xcLOsvd1Bx
2 weeks ago
The Latest Survey of #UDAAP Activities https://t.co/qur1KkDENf
3 weeks ago
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