Payment Law Advisor Legal Commentary and Resources for the Payment Industry

Category Archives: Regulatory Compliance/Federal Agencies Resources

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Legal Developments Affecting Credit Card Steering Rules

Posted in Regulatory Compliance/Federal Agencies Resources
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 m… 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