Payment Law Advisor Legal Commentary and Resources for the Payment Industry

Davis Wright Tremaine

Posts by Davis Wright Tremaine

UDAAP Update: Reflections on Recent Cases & the Future of State AG & Consumer Advocate Activity

Posted in Financial Services Litigation and Enforcement
On Tuesday May 16th, 2017, Adam Maarec and Joseph Rodriguez participated in a panel at the Conference on Consumer Finance Law’s Annual Meeting in Chicago titled UDAAP Update: Recent Cases and the Future of State AG & Consumer Advocate Activity. Andrew Dougherty from the Illinois Attorney General’s Consumer Fraud Bureau and Daniel Edelman from t… Read the rest

The OCC Fintech Charter: A New Model for Tech-Enabled Financial Services?

Posted in OCC Fintech Charter
On February 21, DWT Payments team members Andy Lorentz and Tom Scanlon took part in a discussion organized by NYPAY that focused on the prospects of the OCC special purpose fintech charter. The questions discussed included, “Will the concept survive the many challenges it can be expected to attract, including from fellow regulators? What kind of co… Read the rest

The Latest Survey of UDAAP Activities

Posted in Financial Services Litigation and Enforcement
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… Read the rest

Draft New Law Will Change the Regulatory Landscape for E-Commerce in China

Posted in Global Insights
China’s e-commerce market, with an annual turnover of more than 3.8 trillion yuan last year, has become the largest in the world. The various laws and regulations that were enacted by different authorities at different times can no longer keep up with the new issues and new challenges. With the foregoing background, Chinese lawmakers recently post… Read the rest

The Latest Survey of UDAAP Activities

Posted in Financial Services Litigation and Enforcement
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 occu… Read the rest

Cross-Border Financing Transactions between China and the U.S.

Posted in Deals and Technology Resources
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 thorough reference as wel… Read the rest

Credit Card Data Breaches: Protecting Against Surprises

Posted in Privacy and Data Security
For retailers, the costs involved with a credit card data breach go well beyond the immediate needs of retaining a privileged forensic investigator, hiring outside counsel and public relations and crisis management advisors, and notifying customers of the breach and offering credit protection services to them. DWT PrivSec and Payments team member Cou… Read the rest

Webinar: Legal Issues in the Mobile Landscape

Posted in Deals and Technology, Privacy and Data Security
The days of swiping a credit card on a card reader are over. Companies are increasingly exploring new and creative ways to allow their customers to pay for items using smartphones, computers, and mobile technologies. In a webinar scheduled for 12 PM EDT on Thursday, May 12, DWT Privacy and Security and Payments team member Courtney Stout, along with David Ze… Read the rest

Women in Housing and Finance’s Annual Symposium on FinTech Issues

Posted in Deals and Technology
DWT Consumer Financial Services team members Adam Maarec and Allison May attended last week’s Annual Symposium of Women in Housing and Finance, which focused on the impact of financial technology. A few of the most notable comments are summarized below. Blythe Masters, CEO of Digital Asset Holdings, explained how blockchain technology has the potent… Read the rest

U.S. Consumer Financial Services Regulation: What to Expect in 2016

Posted in Regulatory and Compliance
At the 2016 Digital Payments Intensive in London, DWT Emerging Payments and Prepaid team leader Andy Lorentz offered attendees insight into some major recent and upcoming developments with respect to regulation of consumer financial services activities in the United States this year.  Such developments include everything from pending rules on pre… Read the rest

“Abusive” Practices Under the UDAAP Prohibition

Posted in Regulatory Compliance/Federal Agencies Resources
In an effort to help companies better understand the implications of the Consumer Financial Protection Bureau’s enforcement actions involving allegations of abusive conduct taken under the authority of the Consumer Financial Protection Act of 2010, DWT Payments team member Adam Maarec, along with Laurie Lucas (associate professo… Read the rest

Webinar: How to Improve Data Security in Payment Systems

Posted in Privacy and Data Security
How to Improve Data Security in Payment Systems: Changing Risks and Changing Technology for In-House Counsel  Thursday, March 31st, 2016 12:00 PM EDT Davis Wright Tremaine presents this audio web cast through Celesq® Attorneys Ed Center in partnership with West LegalEdcenter, a Thomson Reuters business. With new technology behind how credit card tr… Read the rest

FinTech Regulations: What You Need to Know

Posted in Deals and Technology, Regulatory and Compliance
The intersection of technology and financial services innovation raises a host of regulatory questions for new participants, and that’s before thinking about how those regulations are evolving to keep pace with new developments. DWT’s Emerging Payments and Prepaid practice leader Andy Lorentz joined Tommy Nicholas (Co-Founder, Alloy.co), Wre… Read the rest

CARD Act Report Webinar: A Deep Dive Into Key Issues

Posted in Deals and Technology, Regulatory and Compliance
DWT and the Financial Services Roundtable jointly presented a webinar on the CFPB’s latest CARD Act Report and its potential impact on the credit card market in January 2015. In case you missed it (or want to listen again), a recording of the webinar is now available by clicking here. DWT Payments team members Andy Owens and Adam Maarec were joined by Rich Fo… Read the rest