Compliance & Regulatory Track

Rules and regulations are the bedrock of financial services and payments, and provide the necessary surety for transactions. Understanding the most crucial concepts and innovations will lead to positive, competitive results.

 

Monday, April 20

Recent Developments in Electronic Payments Law

9:30 AM-10:20 AM | Room: National Harbor 2-3

Staying abreast of the numerous and often complex developments in the legal and regulatory framework for payments can be daunting. Yet understanding the implications to an organization's ACH activities is crucial. In this session, receive a thorough review of significant legal issues raised by current developments in electronic payments law, including recent amendments to the Nacha Operating Rules.

Questions answered in this session:

  1. What are significant legal issues raised by current developments in electronic payments law?
  2. What are the implications to an organization's ACH activities?

 

Erin Fonte
Partner, Hunton Andrews Kurth LLP

Jane K. Winn
Professor of Law, University of Washington

**CLE eligible session


Coping (Together) with Changes in the Payment Regulatory Environment

11:20 AM-12:10 PM | Room: Maryland A

The payments landscape, and the regulatory environment surrounding it, is evolving quickly. These changes are impactful to everyone in the payments ecosystem. The panel will discuss the impact of this regulatory churn, and how everyone can work together to continue to innovate, while maintaining a safe and secure faster payments system.

Questions answered in this session:

  1. What are the main challenges in the regulatory environment?
  2. How will regulatory changes shape the future of payments?

 

Kim Bickford
SVP, Industry Relations, WesPay

Jason Carone
Product Management Director, Silicon Valley Bank

Shannon-Lee Eng
Compliance Lead, Square

Aneetha Vijay
Director of Product, Payments, Risk & Compliance, Bill.com

Moderated by: Jane Hennessy
Senior Director, VISA B2B Connect, VISA


Banking Legal Cannabis Businesses: Managing Risks Through Effective Compliance

11:20 AM-12:10 PM | Room: National Harbor 4-5

This panel discusses how credit unions are effectively managing the risks inherent in the cannabis industry. Attendees receive practical compliance tips – from the initial KYC to monitoring transactions and managing risk. Learn about NCUA's position on cannabis banking and discuss how other financial regulators and law enforcement have approached this issue. Also learn about issues related to insurance and individual liability in case things go wrong.

Questions answered in this session:

  1. What can we learn from financial institutions that are banking the cannabis industry?
  2. What position are regulators and law enforcement taking with regard to banking the cannabis industry?

 

Randall Lehner
Partner, Kelley Drye & Warren, LLP

Philip DS Martin, CCCE, CAMS
Chief Executive Officer, Copacetic Strategies

Moderated by: Matthew C. Luzadder
Partner, Kelley Drye & Warren, LLP

**CLE eligible session


Those Who Have the Data, Have the Power

1:25 PM-2:05 PM | Room: Maryland D

Customers are caring more about who has access to their data and less about who is actually processing their payment transactions. This session looks at how regulations such as GDPR are changing the world of payments. Data becomes the asset that customers manage. Access to this data unlocks new opportunities for payments companies that are ready to leverage this opportunity.    

Questioned answered in this session:  

  1. How will data regulation such as GDPR change the global payments market?  
  2. How can payments companies leverage customers' changing approach to their data?

 

Susan M. Barton
Business Development Director - Italy Financial Services, EY

Ryan Burch
Senior Director & Associate General Counsel, PayPal Inc.

Carlo Di Giangiacomo
GDPR and Risk Senior Manager, EY


Regulatory Update: AML/BSA & OFAC

1:25 PM-2:15 PM | Room: National Harbor 4-5

This deep dive dialogue session engages attendees about the laws and regulations related to consumer protection, and focuses on anti-money laundering, the Bank Secrecy Act, OFAC compliance. and how the industry is impacted by regulatory reach at both the state and federal level. 

Questions answered in this session:

  1. How has the regulatory landscape impacted the payments industry? 
  2. What does this panel of experts see developing in 2020 and beyond?

 

Jeffrey D. Dunn
Shareholder, Munsch Hardt Kopf & Harr, P.C.

Katie Hawkins, Esq.
Associate, Hudson Cook, LLP

Laurie Nelson
Chief Compliance Officer & General Counsel for Autoscribe Corporation, Lyons Commercial Data and PaymentVision Divisions

Moderated by: Matthew C. Luzadder
Partner, Kelley Drye & Warren LLP

**CLE eligible session


Playing Legal Catch-Up With the Changing Payments Landscape

2:30 PM-3:20 PM | Room: National Harbor 4-5

Not since Check 21 took effect have payment laws experienced such significant changes. Existing and new entrants in this space may be unaware of common legal issues associated with changes in the payments landscape, given the current patchwork of payment laws and an alphabet soup of regulations. This session discusses some of the most common legal issues and oversights encountered in payments, with a focus on the diverse perspectives and roles played by the banking, consumer, and regulatory industries.

Questions answered in this session:

  1. How do the changing payments laws affect my business?
  2. Does the value-add to changes in the payments landscape outweigh any potential risks associated with those changes that current payments law does not contemplate addressing?

 

Ana Cavazos
Assistant General Counsel, Federal Reserve Bank of Atlanta

Ivy Gupta
Assistant General Counsel, Truist Bank

Scott Jones
Partner, Adams & Reese, LLP

**CLE eligible session

Wednesday, April 22

The Unclaimed Property Compliance Life Cycle

8:00 AM-8:50 AM | Room: Maryland A

This session examines how and why unclaimed property laws were developed. Speakers discuss how to implement and/or update your organization's current unclaimed property procedures, how to identify what property types your organization should have, and what to do if your organization outsources payroll or other services and the unique and complex due diligence requirements. Learn your rights on what must be provided during an audit.    

Questions answered in this session:  

  1. How can your organization develop and implement unclaimed property procedures?  
  2. What are auditors looking for in an organization's unclaimed property procedures and policies?

 

Michael Ryan
SVP, Business Development, Georgeson LLC


Regulatory Update: Global Financial Crimes & Fintech

8:00 AM-8:50 AM | Room: National Harbor 4-5

This session explores recent legal developments relating to anti-money laundering, KYC, money transmitters and transaction monitoring that will impact fintech companies. Speakers address current events that may impact a fintech's regulatory compliance program and suggested best practices to address these legal developments.    

Questions answered in this session:

  1. What are the key legal developments related to anti-money laundering that are important for a fintech compliance program? 
  2. How can fintechs prepare for these changes?

 

Ingrid Busson-Hall
Senior Director, Head of Financial Crimes Advisory and Workplace Relations, PayPal Inc.

Cassie Lentchner
Senior Counsel, Pillsbury Winthrop Shaw Pittman, LLP

**CLE eligible session


Regulatory Update: Consumer Finance

10:10 AM-11:00 AM | Room: National Harbor 4-5

This session provides an update on the latest happenings among consumer financial services regulators, with a specific focus on the CFPB and the FTC. Speakers examine topics of critical importance and provide an outlook on what may be ahead, particularly during a general election year.

Questions answered in this session: 

  1. How has the rollout of the CFPB's Prepaid Account Rule impacted the industry? 
  2. How have state regulators expanded their role in consumer protection over the past year?

 

Mark Dabertin
Special Counsel, Pepper Hamilton LLP

Avi Erdfarb
Associate, Blank Rome LLP

**CLE eligible session


** Kelley Drye is the CLE Accredited Provider for Payments 2020 and is an accredited provider of NY, IL, CA and TX CLE. Continuing legal education sessions will offer California, Illinois and Texas general credits and New York non-transitional credit only. In accordance with the requirements of the New York State CLE Board, this non-transitional, CLE program is not approved for newly-admitted attorneys within the first two years of admission to the Bar.

Participants can attend the CLE eligible sessions only for no charge however, you will not be permitted to attend any other conference sessions or events. Upgrade your registration at the current available rate and attend the full conference. And if you’ve never attended Payments, you may register for the full conference for only $995. Contact meetings@nacha.org for more information.