Duncan Douglass was a featured speaker during the following panels at this conference sponsored by NACHA — The Electronic Payments Association.
Legal & Regulatory Environment for the Electronic Payment Order (EPO)- April 8, 10:00 a.m. to 11:15 a.m. A critical component of the ongoing industry debate of the potential role of the EPO in the payments ecosystem is anchored in the lack of legal and regulatory clarity. The existing framework of rules, laws and regulation that govern checks do not take into account the EPO and the applicability of the Electronic Funds Transfer ACT (EFTA) and Regulation E are uncertain. Participants in this session were provided with an examination of the legal and regulatory environment for the EPO, gaps and concerns in the current framework and prospects for change including legal workarounds.
Finding Order in Chaos: The Legal Environment of Cards - April 8, 3:15 p.m. to 4:15 p.m. The payment card marketplace seems to be in constant flux due to an ever-changing legal landscape. Court challenges to long-standing payment network rules and the Federal Reserve Board's regulations implementing the Durbin Amendment have significantly altered card-based payments. Coupled with impending CFPB rules regulating prepaid cards, these developments have continued uncertainty in the near future. Participants in this session gained an understanding of what such turmoil could mean to their business lines.
Under the Microscope: Where Realty Meets Regulation - April 9, 9:45 a.m. to 10:45 a.m. The payment practices of payday lenders and other high-risk originators have come under close scrutiny over the last year by regulators, law enforcement, legislators, consumer groups and the media. Originating financial institutions and third-party processors are also under the microscope when they support high-risk origination; receiving financial institutions are being expected to provide greater levels of consumer protection. Should the ACH Network be open for business for high-risk users? This interactive session provided participants with an examination of some of the most critical issues surrounding this topic, and offered opportunities to raise questions and engage in dialogue with the panelists as the conversation unfolds.
April 6-9, 2014
Orlando, FL
Legal & Regulatory Environment for the Electronic Payment Order (EPO)- April 8, 10:00 a.m. to 11:15 a.m. A critical component of the ongoing industry debate of the potential role of the EPO in the payments ecosystem is anchored in the lack of legal and regulatory clarity. The existing framework of rules, laws and regulation that govern checks do not take into account the EPO and the applicability of the Electronic Funds Transfer ACT (EFTA) and Regulation E are uncertain. Participants in this session were provided with an examination of the legal and regulatory environment for the EPO, gaps and concerns in the current framework and prospects for change including legal workarounds.
Finding Order in Chaos: The Legal Environment of Cards - April 8, 3:15 p.m. to 4:15 p.m. The payment card marketplace seems to be in constant flux due to an ever-changing legal landscape. Court challenges to long-standing payment network rules and the Federal Reserve Board's regulations implementing the Durbin Amendment have significantly altered card-based payments. Coupled with impending CFPB rules regulating prepaid cards, these developments have continued uncertainty in the near future. Participants in this session gained an understanding of what such turmoil could mean to their business lines.
Under the Microscope: Where Realty Meets Regulation - April 9, 9:45 a.m. to 10:45 a.m. The payment practices of payday lenders and other high-risk originators have come under close scrutiny over the last year by regulators, law enforcement, legislators, consumer groups and the media. Originating financial institutions and third-party processors are also under the microscope when they support high-risk origination; receiving financial institutions are being expected to provide greater levels of consumer protection. Should the ACH Network be open for business for high-risk users? This interactive session provided participants with an examination of some of the most critical issues surrounding this topic, and offered opportunities to raise questions and engage in dialogue with the panelists as the conversation unfolds.
April 6-9, 2014
Orlando, FL