Playing Legal Catch-Up With the Changing Payments Landscape
As more businesses increased remote work arrangements in 2020 due to the COVID-19 global crisis, several federal and state governments moved quickly to fill in the gap to enable various electronic processes to keep businesses operating. Participants 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, including actions taken and lessons learned from COVID-19.
Questions addressed during 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?