Topic
Payment
982 published works
Ad Law Access
CFPB Issues Report on the Convergence of Payments and Commerce and its Implication for Consumers
By Alysa Z. Hutnik, Jayson B. Lewis
On August 4, 2022, the Consumer Financial Protection Bureau (“CFPB”) issued a report entitled, “The Convergence of Payments and Commerce: Implications for Consumers,” in which it examines the challenges and…
Consumer Financial Services Law Monitor
A Conversation with Third Party Payment Processors Association President Marsha Jones
By Keith J. Barnett, Carlin McCrory
In this episode of The Crypto Exchange, Troutman Pepper attorneys Keith Barnett and Carlin McCrory welcome Marsha Jones from the Third Party Payment Processors Association to discuss a portion the…
Consumer Finance Monitor
CFPB issues report on emerging risks in BNPL, super app and embedded commerce payments
By Michael Gordon, Ballard CFS Group
In Director Chopra’s recent interviews with several news reporting organizations, a persistent theme was the CFPB’s concerns about the entry of big tech companies into financial services, particularly in connection…
Consumer Finance Monitor
FTC settles Section 5/ROSCA claims alleged against payment processor providing services to small businesses
On July 29, the Federal Trade Commission (“FTC”) announced a settlement with First American Payment Systems LP, a Texas-based nationwide payment processor, and two of its sales agent affiliates, Think…
AD-ttorneys Law Blog
Not Every Payment Processing Case Is the Same – the Latest FTC Case Provides Some Helpful Reminders
By Daniel Kaufman, Scott Danielson
Most of the Federal Trade Commission’s (FTC) law enforcement actions involving payment processors have exclusively focused on allegations that processors did not do sufficient due diligence before onboarding questionable merchants.…
Global Regulation Tomorrow
Current trends in UK litigation and investigations for financial institutions
By Andrew Reeves (UK), David Harris (UK), James Lockwood, Annie Birch, Beth Greenwood, Aditya Badami
In this post, we summarise emerging litigation and investigations trends and their practical implications for financial institutions (FIs). Litigation Litigation trends are largely dependent on social and political changes and…
The Fintech Report
Fintech Legal Report—Week of July 22, 2022
By Sam Boro
Weekly Fintech Focus Democratic senators urge CFPB to focus on bank liability for fraud occurring on P2P payment platforms.CFPB and OCC issue $225M fine to a bank for failures related…
Duff on Hospitality Law
Online Travel Update: Why Banks’ Growing Interest in Travel?
By Greg Duff
It was another slow week in the online travel industry. Following up on our observations from a few weeks ago, we feature a story on banks’ now undeniable interest in…
Global Regulation Tomorrow
The Payment and Electronic Money Institution Insolvency (England and Wales) (Amendment) Rules 2022
On 20 July 2022, there was published The Payment and Electronic Money Institution Insolvency (England and Wales) (Amendment) Rules 2022. The instrument corrects drafting errors in the rules for the…
Constructlaw®
NY Appellate Court Reaffirms Pay-When-Paid Provisions Are Void as Against Public Policy
Bank of America, N.A. v. ASD Gem Realty LLC, 205 A.D.3d 1, 164 N.Y.S.3d 566 (2022). ASD Gem Realty LLC and ASD Diamond, Inc. (together, ASD or Owner) contracted Sweet…