Consumer Financial Services in Review and a Look Ahead

November 20, 2024

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Members Amy Greenwood-Field (Washington, DC), Aaron Kouhoupt (Cleveland), and Jim Milano (Washington, DC) will present an American Bar Association (ABA) webinar, “Consumer Financial Services in Review and a Look Ahead” on November 20th, 2024. This webinar will help attendees stay updated on consumer financial services legal developments that may impact your business or practice.

The ABA’s Consumer Financial Service Committee hosts a regular webinar series featuring panelists from various firms or companies. Each installment highlights significant legal occurrences and comments on what to expect next. Join our panelists from McGlinchey Stafford for our upcoming program as they explore recent developments and trends in consumer financial services.

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Insights

Presentation

Dodd-Frank 1033 and the ACH Network

December 5, 2024

Member Aaron Kouhoupt (Cleveland) will present "Dodd-Frank 1033 and the ACH Network" at the Nacha Payments Legal & Compliance Summit on December 5, 2024.

Podcasts

Podcast: Deep Dive into Depository Services in Bank Partnerships

November 11, 2024

In this episode of our series of Deep Dives into financial services, we're going to discuss bank programs, but instead of credit, we're going to talk about depository services.

Deep Dive into Consumer Finance

Podcast: Deep Dive into Understanding Bank Partnerships in Payment Programs

October 4, 2024

In this episode of our series of deep dives into consumer financial services, we're going to discuss bank partnership programs in a different way.

Presentation

Three McGlinchey Attorneys to Participate in the 2024 MBA CRMC Conference

September 22-24, 2024

Members of McGlinchey’s Financial Institutions Compliance and Enterprise Litigation and Investigations teams will participate in multiple sessions during the upcoming Mortage Bankers Association (MBA) Compliance and Risk Management Conference (CRMC) in Washington, DC.

In the Media

How Payment Firms Are Responding to CFPB Pressure

September 10, 2024

Member Aaron Kouhoupt (Cleveland) was interviewed by American Banker on September 10, 2024, in "How Payment Firms Are Responding to CFPB Pressure."

Alert

Credit, Tips, Obligation to Pay: CFPB Proposed Interpretive Rule Seeks to Clarify Earned Wage Access and Regulation Z

August 26, 2024

On July 18, 2024, the Consumer Financial Protection Bureau (CFPB) issued notice of a proposed interpretive rule (Rule) that walks back a prior 2020 Advisory Opinion on the manner in which Regulation Z defines “credit.” The Rule also declares certain types of optional consumer payments to be “incident to or a condition of the extension of credit” such that the fee is a finance charge for purposes of Regulation Z.

Published Article

New York Department of Financial Services Issues Guidance on Customer Service Requirements for Virtual Currency

July 1, 2024

On May 30, 2024, the New York Department of Financial Services (“DFS”) published a press release and issued guidance to Virtual Currency Entities (“VCEs”) concerning the DFS’s expectations for the resolution of customer service requests and complaints (“Guidance”), which expands upon the current requirements found in 23 NYCCR 200.20.

Deep Dive into Consumer Finance

Podcast: Deep Dive into Bank Partnerships: Lending, Litigation, Legislative Trends, and True Lender

June 26, 2024

The next installment in McGlinchey’s Deep Dive into Bank Partnerships Series features a podcast on lending, presented by attorneys Joe Apatov, Aaron Kouhoupt, and Robert Savoie.

Presentation

What’s Next for the CFPB After Victory at the Supreme Court?

June 26, 2024

Member Jim Milano (Washington, DC) will join an American Bar Association (ABA) Consumer Financial Services Committee webinar, "What's Next for the CFPB After Victory at the Supreme Court," on June 26, 2024.