The world of payments has grown exponentially in recent years. The Consumer Financial Protection Bureau (CFPB) has continued its activity around Unfair or Deceptive Acts or Practices (UDAP), fees, and what the CFPB calls dark patterns, including in-app purchases.

Businesses navigating the impact of licensing in the payment space and whether or not a business is within the flow of funds such that it requires a money transmission license, may have concerns. How are bank partnership relationships structured, and what issues affect them in this space?

Over the coming months, McGlinchey attorneys from various practice groups will dive into the world of payments and explore these nuanced topics from every angle. From articles, podcasts, and webinars on hot topics to a client-only CLE, the content will be geared towards busy schedules and drilled down right to the good stuff – what should the financial services industry be thinking about with regards to regulatory risks, error resolution, unfair trade practices, fees, customer experience and protection around payments?

In this introductory video, Members of our Financial Institutions Compliance Team, Aaron Kouhoupt (Cleveland) and David Tallman (Dallas/Houston), will discuss this fascinating and vibrant subject matter while giving you a breakdown of the content you can expect in the coming weeks.