Topic
Digital Payments
152 published works
Consumer Financial Services Law Monitor
Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – January 14, 2025
By Ethan G. Ostroff, Alan D. Wingfield, Elizabeth Briones, Jed Komisin, Addison Morgan, Trey Smith, Thailer Buari
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week.…
Financial Services Observer
CFPB’s Final Rule Enhancing Oversight of Large Digital Payment App Providers Goes into Effect Jan. 9 – Are You Ready?
By Shane Foster, Marina Olman-Pal, Lisa M. Lanham, Rinaldo Martinez
On Nov. 21, 2024, the Consumer Financial Protection Bureau (CFPB) issued a final rule (Rule), pursuant to 12 U.S.C. § 5514(a)(1)(B), to establish supervisory authority over nonbank entities identified as larger participants in the…
Consumer Financial Services Law Monitor
CFPB Finalizes Rule on Federal Oversight of Digital Payment Apps
By Keith J. Barnett, Ethan G. Ostroff, Jesse Silverman, Chris Willis, Carlin McCrory
Late last year, we discussed the Consumer Financial Protection Bureau's (CFPB or Bureau) proposed rule aimed at supervising larger technology companies offering digital wallets and payment apps. On November 21,…
Consumer Finance Monitor
CFPB issues final rule to give bureau supervisory power over digital consumer payment applications
By Kristen E. Larson, Ronald K. Vaske, Ballard CFS Group
The CFPB has issued a final rule to supervise large nonbank financial services providers that offer general-use digital consumer payment applications such as digital wallets and peer-to-peer payment apps. Many…
Filevine Blog
Paperless Profits: How Digital Payments Improve Cash Flow and Client Satisfaction for Lawyers
By Katie Wolf
In the fast-paced digital age, where convenience and efficiency reign supreme, law firms are increasingly seeking ways to modernize their operations and enhance the client experience. One area ripe for…
Rocket Matter Blog
The Future of Legal Payments: Embracing Digital Solutions
For lawyers and firms, time isn’t just money—it’s one of their most important resources. One aspect of business that can gobble away at this valuable time is ineffective payment management. …
Consumer Finance and Fintech Blog
New CFPB Larger Participant Rule Boosts Oversight of Major Digital Payment Providers
By A.J. Dhaliwal, Mehul Madia, Maxwell Earp-Thomas
On November 21, the CFPB announced the arrival of its finalized larger participant rule (the “Rule”) regulating nonbank companies offering digital funds transfer and payment wallet applications to consumers. The…
Financial Services Perspectives
CFPB Releases Final Rule Establishing Supervisory Authority Over Large Digital Payment Providers
By Jonathan R. Kolodziej, Jason R. Bushby, Lee Gilley
On Thursday, November 21, 2024, the Consumer Financial Protection Bureau (CFPB) published a final rule that will soon provide it with supervisory authority over large companies in the general-use digital…
Sui Generis
PayPal Fee Trust Account Mishap Results in NJ Disciplinary Reprimand
By NBlack
PayPal Fee Trust Account Mishap Results in NJ Disciplinary Reprimand Here is my recent Daily Record column. My past Daily Record articles can be accessed here. **** At the turn of the century, it…
Grow Law
Best Online Payment System For Law Firms: Top 10 Solutions
By Sasha Berson
The legal profession is traditionally associated with paperwork and formalities, but as technology advances, law firms are embracing digital solutions to streamline their practices. One area where innovation is particularly…