Third-Party Regulatory and Compliance Risks and UDAAP Issues Specific to Emerging Payment Systems and How to Best Manage Them

July 29, 2016 9:25am

Allyson B. Baker
Venable LLP Former Enforcement Attorney at the CFPB

Karen L. Garrett
Stinson Leonard Street LLP

John Hagy
Chief Legal Officer

André K. Burrell
Senior Director of Compliance
Microsoft Payments, Inc.

Dawn Steele
Vice President, Global Anti-Money Laundering and Trade Sanctions Officer

John Tyson
Vice President and Associate General Counsel
MoneyGram International


  • Roles/responsibilities of service providers
  • UDAP/UDAAP, disclosures, and marketing
  • Regulatory and compliance considerations for new payment models
  • Adequacy of disclosures
  • The Abusive Standard and ramifications
  • Proposed ruling on arbitration
  • Terms and conditions
  • Effect on class actions and discovery
  • Add-on products and implementation

Third Party Supervision and Risk

  • The effect on corporate compliance programs
  • Data governance issues
  • The importance of vendor supervision
  • Outsourcing and risk of liability
  • Competence & integrity of employees
  • Digitizing performance and identifying triggers