On April 24, 2012, the Consumer Financial Protection Bureau (“CFPB”) issued a “Request for Information Regarding Scope, Methods, and Data Sources for Conducting Study of Pre-Dispute Arbitration Agreements” (“Request”). The Request, which the CFPB describes as a “preliminary step” in its study of consumer arbitration as required by Section 1028…
On 6 February 2012, Citigroup announced that it had received official approval from the China Banking Regulatory Commission (CBRC) to launch a proprietary credit card business in China. The business will cover both retail and commercial cards, and is likely to be launched later this year. On 19 March, Citigroup…
This presentation was originally given at the ACI Emerging Payment…
This presentation was originally given at the RAMP Advanced Commerce…
This presentation was originally given by DWT partner Andy Lorentz…
Many mobile payment systems tailored for restaurants and other food…
For a consumer-card lawyer, working on commercial card agreements and disclosures (see the examples linked here and here) is somewhat like learning a foreign language. Many opportunities arise to use what you know, but many “false friends” require special care. Summarized below are some of the more notable differences and similarities: Typology/Utility: Consumer cards generally… Continue Reading
Many mobile payment systems tailored for restaurants and other food vendors were introduced in 2011. Restaurant-industry insiders say 2012 could be a year of widespread adoption of these systems – and possibly a shakeout among them. Set forth below is a brief overview of leading systems, followed by a discussion of key legal and network-rules… Continue Reading
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This presentation was originally given at the RAMP Advanced Commerce and Mobile Retail Summit in Chicago, IL on April 4, 2012. DWT lawyers Randy Gainer, Andrew Lorentz, Ronnie London, and James Mann covered the following topics: An Overview of the Mobile Payments Ecosystem Financial Privacy Requirements Data Security and PCI Compliance Mobile Communications Regulation To… Continue Reading
Mobile banking is a relatively new channel for delivering banking products and services that is rapidly gaining popularity. As with any new technology deployed for financial services, there are risks associated with the use and storage of personal information of the user. A recent article by Jeffrey M. Kopchik in the FDIC’s Winter edition of… Continue Reading
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