Payment Law Advisor Legal Commentary and Resources for the Payment Industry

Claude P. Goetz

Claude P. Goetz

Claude Goetz advises clients on business transactions, finance and commercial legal issues, and mergers and acquisitions.

Posts by Claude P. Goetz

California Near to Enacting Nation’s First Commercial Finance Disclosure Law

Posted in Regulatory and Compliance
In the final days of its 2018 session, the California legislature sent a flurry of bills to Governor Jerry Brown’s desk on topics as diverse as net neutrality, school start times, and clean energy. But it is SB 1235, “Commercial financing; disclosures,” that may be of particular note for commercial lenders.  The bill is designed to give small busine… Read the rest

Washington State Updates Money Services Rules

Posted in Deals and Technology
On June 19, 2018, the Washington State Department of Financial Institutions (the “DFI”) amended the DFI’s money services rules to conform to updates to the Washington Uniform Money Services Act signed into law last year. According to the DFI, the changes are intended to, among other things, “take into account innovations in technology used by th… Read the rest

The Fed’s Goals, Strategies, and Tactics for an Improved U.S. Payment System

Posted in Regulatory and Compliance
The Federal Reserve System recently issued a paper titled Strategies for Improving the U.S. Payment System that provides a roadmap for end-to-end payment system advances over the short and long term. Background The Fed announced its refreshed strategic focus on the development of payment system improvements in an October 2012 speech, which was followe… Read the rest