webinar – Consumer Financial Services Watch

New Special Purpose National Bank Charter for FinTech Companies

Jan 31 2017

New York partners Anthony Nolan and Judith Rinearson will be speaking in a Strafford live webinar on “New Special Purpose National Bank Charter for FinTech Companies: Evaluating the Benefits and Regulatory Pitfalls on Thursday, March 16 2017 at 1:00pm-2:30pm EDT. This will focus on a recent proposal by the United States Office of the Comptroller of the Currency (OCC) to consider granting special purpose national bank charters to FinTech companies that are engaged in fiduciary activities or in activities that include receiving deposits, paying checks, or lending money. The special purpose charter offers the benefits of federal preemption and some state licensing requirements. However, there are regulatory and supervisory burdens that must be carefully considered such as activity limitations, BSA/AML requirements and minimum capital and liquidity requirements.

The panel will provide an overview of the OCC’s proposal for special purpose national bank charters for FinTech companies and the potential regulatory pitfalls that FinTech companies must consider. The program will address the OCC’s chartering process and the supervisory, financial and operational conditions that would apply. It will review these and other key issues:

Benefits of special purpose national bank charters for FinTech companies;
Regulatory pitfalls of special purpose national bank charters for FinTech companies;
The OCC’s chartering process and the supervisory, financial and operational conditions that would apply;
Positions of other relevant US bank regulatory agencies;
Implications for the future development of the Fintech industry in the United States.

For more information or to register click here.

Webinar: The Mortgage Lifecycle: Litigation Hotspots From Origination Through Foreclosure

Feb 16 2016

Please join a group of our seasoned Financial Institutions and Services Litigation attorneys for a webinar addressing hot litigation topics concerning residential mortgages. We will begin with loan origination, navigate through loan servicing, and end with foreclosure and loan termination. Along the way, we will touch upon litigation arising from various consumer protection statutes, as well as notable common law claims. The webinar will wrap up with our thoughts on anticipated litigation trends and time for Q&A.

Webinar: Is Your Institution Ready for Federal Scrutiny of Diversity Practices?

Jun 25 2015

Section 342 of the Dodd-Frank Act – which established additional federal oversight over the diversity policies and practices at financial services institutions – has become a reality for regulated institutions with the release on June 9th of an interagency policy statement establishing the final standards. The standards impact a broad swathe of business activity and focus on self-assessment and voluntary disclosure of diversity practices. What do legal, compliance and risk management leaders at regulated financial services institutions need to do to comply?

What You Need to Know about Defending Cyber Related Class Action Litigations

Dec 11 2014

15 January 2015
3:00 – 4:30 pm EST
Complimentary Webinar

Please join us for a complimentary program on defending cyber related class action litigation. The program will include an in-depth discussion, followed by a Q&A session, on recent developments involving cybersecurity class actions. Our knowledgeable panel will cover a range of issues including:

Coordinating with data breach response team
Theories of injury raised by consumers and credit institutions in response to data breaches
Statutory and common law causes of action typically pleaded
Approaches to defending claims and opposing class certification
Lessons learned from past data breach class actions
Insurance coverage considerations
Other emerging issues

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