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Beyond Regulation: What the CFPB Expects from Payments Processors

By David L. Beam, Ori Lev & Jeremy McLaughlin on July 26, 2016
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On Tuesday, August 2, 2016, at 2:00pm EDT, Mayer Brown and Paybefore.com will present a webinar on the CFPB’s actions against payment processors for allegedly facilitating illegal transactions by their clients. The presenters will be Mayer Brown attorneys David Beam, Ori Lev, and Jeremy McLaughlin, and the moderator will be Paybefore’s Evan Schuman.  The webinar will discuss the CFPB’s enforcement actions against payment processors, explain the factors that led the CFPB to conclude that the payments companies were culpable, and discuss practical steps companies can take to avoid the same fate.

Photo of David L. Beam David L. Beam

David Beam is a partner in Mayer Brown’s Washington DC office and a member of the Consumer Financial Services group. His practice encompasses a broad range of matters related to payments and credit regulation. He provides clients with regulatory compliance and related business…

David Beam is a partner in Mayer Brown’s Washington DC office and a member of the Consumer Financial Services group. His practice encompasses a broad range of matters related to payments and credit regulation. He provides clients with regulatory compliance and related business planning advice; conducts regulatory due diligences of investment and acquisition targets; structures joint ventures and other business arrangements; obtains approvals, licenses and regulatory guidance from US federal and state financial regulators; and prepares terms and conditions for financial products and services. Additionally, he defends companies in connection with federal and state governmental audits, investigations and enforcement proceedings and assists with litigation matters, including putative class action proceedings.

Read David’s full bio.

Read more about David L. BeamEmail
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Photo of Ori Lev Ori Lev
Read more about Ori LevEmail
Photo of Jeremy McLaughlin Jeremy McLaughlin
Read more about Jeremy McLaughlinEmail
  • Posted in:
    Banking, Finance and Securities
  • Blog:
    Consumer Financial Services Review
  • Organization:
    Mayer Brown
  • Article: View Original Source

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