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Payments, Banking Regulation, and Consumer Financial Services

Our payments, banking regulation, and consumer financial services group works with clients in all aspects of payments, e-commerce, fintech and retail banking products and services. We have significant knowledge of traditional banking and payment products such as money transmission, credit, debit and prepaid cards, payroll, ACH, merchant acquiring, checks, remittances, and payment processing.

Our background enables us to provide comprehensive counsel on new, cutting-edge fintech products such as P2P payment solutions, e-wallets, cryptocurrencies, cannabis-related payments, online loyalty and reward programs, B2B vendor payments, mobile applications, and online marketplaces. 

Our team of lawyers and policy professionals, working closely with colleagues in other key practices, routinely guide our clients through a maze of highly complex laws and regulations including anti-money laundering, consumer protection, money transmitter licensing, lender licensing, privacy and data security, intellectual property, abandoned property, surcharging, and banking laws. We effectively draft and negotiate the contractual framework that underlies these products such as payment processing, bank sponsorship, customer terms and conditions, outsourcing, regulatory disclosures, privacy policies and vendor agreements. Fintechs and their investors often seek our assistance in due diligence efforts to ensure regulatory compliance prior to an acquisition or investment. Finally, given rapid changes in this space, we monitor and frequently speak and publish insights regarding changes in the law and policy on both a state and federal level. 

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