Views and Practical Guidance from Speakers from the Federal Government: Perspectives on the Evolving Heightened Federal Regulatory and Enforcement Paradigm Affecting the Evaluation and Offering of Emerging Payment Systems and Services

March 26, 2015 2:35pm

Tyler J. Smith
Assistant United States Attorney
Eastern District of New York

Deborah Griffin
Assistant United States Attorney
U.S. Attorney’s Office, Southern District of Alabama

Anne Shere Wallwork
Senior Counselor for Strategic Policy Office of Terrorist Financing and Financial Crimes
U.S. Department of the Treasury

C. Steven Baker
Director, Midwest Region
Federal Trade Commission

Elizabeth A. Khalil
Dykema Gossett PLLC


Seetha Ramachandran
Special Counsel
Schulte Roth & Zabel LLP (New York, NY)

  • How regulators view the payments landscape
  • Which products and services are of the most concern to regulatory and enforcement agencies?
  • Preparing for and responding to increased federal enforcement efforts
  • Overview of recent high-profile cases, as well as what penalties have been assessed against whom and why
    • Implementing proactive measures to minimize the risks of exposure to sanctions and penalties
  • Consumer protection concerns raised by emerging payment systems
  • Efficacy of existing regulations, many of which were written without emerging payment systems in mind
  • How federal and state agencies will ensure that consumers are adequately protected
  • Assessing the key issues and pitfalls at the federal level relating to money transmission
  • Ensuring that your company has taken the necessary steps to satisfy regulatory scrutiny
    • Best practices for working with regulators to determine how best to meet compliance obligations
  • FTC’s crackdown on payment processors
  • – Payments using remotely created checks (RCC) or remotely created payment orders (RCPO)
  • FTC and FCRA
  • What will the regulatory landscape for emerging payment systems look like in the near future and which agencies will be involved?
  • Piloting of new products by government agencies
    • Which products and services are government agencies interested in testing and using?