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Financial Services & E-Commerce

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  • Bankruptcy Practice
  • E-Commerce
  • Legislative Developments
  • Monetary Policy/International Issues
  • Regulatory Initiatives

Accelerating Financial Inclusion and Inclusive Growth - Podcast

Financial Services & E-Commerce Practice Group Podcast
Shamina Singh March 17, 2017

Today, approximately two billion people lack access to financial services. Because of their exclusive reliance on cash, these individuals operate in a “shadow economy,” are subject to greater criminal activity, higher transaction costs, and do not enjoy the same opportunities, benefits, and protections of traditional bank accounts and financial services. Last year, the World Bank and several organizations from the public and private sector announced a commitment to extend basic financial services to everyone by 2020.

Shamina Singh, the President of Mastercard’s Center for Inclusive Growth, discussed the importance of financial inclusion to the U.S. and global economy and how governments, private sector leaders and philanthropic organizations have been focused on research and solutions to address these issues and foster greater inclusion.

Featuring:

  • Shamina Singh, President of the Mastercard Center for Inclusive Growth and Chair of the Corporation for National and Community Service

Accelerating Financial Inclusion and Inclusive Growth

Financial Services & E-Commerce Practice Group Teleforum
Shamina Singh March 14, 2017

Today, approximately two billion people lack access to financial services.  Because of their exclusive reliance on cash, these individuals operate in a “shadow economy,” are subject to greater criminal activity, higher transaction costs, and do not enjoy the same opportunities, benefits, and protections of traditional bank accounts and financial services.  Last year, the World Bank and several organizations from the public and private sector announced a commitment to extend basic financial services to everyone by 2020. 

Shamina Singh, the President of Mastercard’s Center for Inclusive Growth, will discuss the importance of financial inclusion to the U.S. and global economy and how governments, private sector leaders and philanthropic organizations have been focused on research and solutions to address these issues and foster greater inclusion.

Featuring:

  • Shamina Singh, President of the Mastercard Center for Inclusive Growth and Chair of the Corporation for National and Community Service

Reframing Financial Regulation: Enhancing Stability and Protecting Consumers - Podcast

Financial Services & E-Commerce Practice Group Podcast
Hester Peirce January 27, 2017

Reframing Financial Regulation: Enhancing Stability and Protecting Consumers, edited by Hester Peirce and Benjamin Klutsey, brings together a diverse set of authors to provide alternative ways to regulate different aspects of the financial system. The chapters embody approaches that rely less on centralized, top-down regulations and more on market discipline and oversight. The recently published book, which reflects a wide variety of viewpoints and approaches, seeks to initiate a lively conversation about how a thoughtfully regulated, market-based financial system can facilitate risk sharing, efficiently provide access to capital, and enable households to save for the future. Senior Research Fellow and the Director of the Financial Markets Working Group at the Mercatus Center at George Mason University, Hester Peirce, joined us to discuss this new book.  

Featuring:

  • Hester Pierce, Senior Research Fellow and the Director of the Financial Markets Working Group at the Mercatus Center

Consumer Financial Protection Bureau Update - January 2017 - Podcast

Financial Services & E-Commerce Practice Group Podcast
Wayne A. Abernathy, Julius L. Loeser January 27, 2017

Members of the Federalist Society’s Financial Services & E-Commerce Practice Group Executive Committee will provide an update on recent important activity at the Consumer Financial Protection Bureau (CFPB). The discussion will cover a multitude of topics including Fair Lending Priorities in 2017, a new proposed CFPB arbitration rule, CFPB restitution fines imposed on Equifax Inc. and TransUnion Inc., the CFPB's recently released 2016 Annual Employee Survey, the CFPB's Diversity and Inclusion Strategic Plan for 2016-2020, the role of emotion in consumer protection law, and the potential impact of the new Administration on the Bureau.  

Featuring:

  • Hon. Wayne A. Abernathy, Executive VP for Financial Institutions Policy and Regulatory Affairs, American Bankers Association
  • Julius L. Loeser, Of Counsel, Winston & Strawn LLP

Reframing Financial Regulation: Enhancing Stability and Protecting Consumers

Financial Services & E-Commerce Practice Group Teleforum
Hester Peirce January 26, 2017

Reframing Financial Regulation: Enhancing Stability and Protecting Consumers, edited by Hester Peirce and Benjamin Klutsey, brings together a diverse set of authors to provide alternative ways to regulate different aspects of the financial system. The chapters embody approaches that rely less on centralized, top-down regulations and more on market discipline and oversight. The recently published book, which reflects a wide variety of viewpoints and approaches, seeks to initiate a lively conversation about how a thoughtfully regulated, market-based financial system can facilitate risk sharing, efficiently provide access to capital, and enable households to save for the future.

Senior Research Fellow and the Director of the Financial Markets Working Group at the Mercatus Center at George Mason University, Hester Peirce, will join us to discuss this new book. 

Featuring:

  • Hester Peirce, Senior Research Fellow and the Director of the Financial Markets Working Group at the Mercatus Center

Consumer Financial Protection Bureau Update - January 2017

Financial Services & E-Commerce Practice Group Teleforum
Wayne A. Abernathy, Julius L. Loeser January 25, 2017

Members of the Federalist Society’s Financial Services & E-Commerce Practice Group Executive Committee will provide an update on recent important activity at the Consumer Financial Protection Bureau (CFPB). The discussion will cover a multitude of topics including Fair Lending Priorities in 2017, a new proposed CFPB arbitration rule, CFPB restitution fines imposed on Equifax Inc. and TransUnion Inc., the CFPB's recently released 2016 Annual Employee Survey, the CFPB's Diversity and Inclusion Strategic Plan for 2016-2020, the role of emotion in consumer protection law, and the potential impact of the new Administration on the Bureau.  

Featuring:

  • Hon. Wayne A. Abernathy, Executive VP for Financial Institutions Policy and Regulatory Affairs, American Bankers Association
  • Julius L. Loeser, Of Counsel, Winston & Strawn LLP

 

Expressions Hair Design v. Schneiderman: Credit Card Surcharge Case

Short video featuring Jeffrey Harris
Jeffrey M. Harris January 08, 2017

Do state laws banning surcharging credit card transactions violate the First Amendment?  A case before the Supreme Court, Expressions Hair Design v. Schneiderman, will consider whether these laws unconstitutionally restrict speech communicating price information or whether they simply regulate economic activity.  Jeffrey Harris, Partner at Kirkland & Ellis LLP, discusses the case. The Supreme Court will hear oral argument on January 10, 2017.

Courthouse Steps: Salman v. U.S. -- Decision Recap

Criminal Law & Procedure Practice Group Teleforum
Todd F. Braunstein December 14, 2016

On Tuesday, December 6, the Supreme Court handed down a unanimous opinion in Salman v. United States affirming the judgment of the U.S. Court of Appeals for the Ninth Circuit. This insider trading case considered whether a personal benefit can be established by the fact that a tippee shared a close family relationship. The teleforum will recap Justice Alito's opinion for the Court which held the Court's prior decision in Dirks v. SEC "allowed the jury to infer that the tipper here breached a duty because he made a 'gift of confidential information to a trading relative.'"

Featuring:

  • Todd F. Braunstein, Global Head of Legal Investigations, Willis Towers Watson

Is the CFPB Unconstitutional?

Short video featuring Gregory Jacob
Gregory F. Jacob December 08, 2016

Is the consolidation of financial regulation oversight into one unelected official constitutional? Gregory Jacob, Partner at O’Melveny & Myers, LLP, gives a history of the establishment of the Consumer Financial Protection Bureau (CFPB) as a response to the financial crisis of 2008 and discusses a recent decision by the D.C. Circuit regarding the agency's structure.

Has the Consumer Financial Protection Bureau (CFPB) Helped Consumers? - Event Audio/Video

2016 National Lawyers Convention
John A. Allison, Leonard N. Chanin, Deepak Gupta, Todd J. Zywicki, Edith H. Jones, Wayne A. Abernathy November 23, 2016

The Consumer Financial Protection Bureau (CFPB), in its more than five year existence, has ordered consumer financial service providers to return more than a billion dollars in monetary relief to consumers it believes were victims of practices that it deems unfair, deceptive, abusive, or otherwise violative of its view of regulations and laws. The CFPB has ordered monetary relief for discriminatory lending and proposed regulations that would shutter many low-income lending locations and encourage class actions lawsuits. Proponents of the Bureau point to fines collected and bad practices addressed. Critics assert that Bureau activities actually harm consumers rather than help them. This panel will assess whether the CFPB has been of net benefit or net harm to the people it was created to protect.

This panel was held on November 18, 2016, during the 2016 National Lawyers Convention in Washington, DC.

Financial Services & E-Commerce: Has the Consumer Financial Protection Bureau (CFPB) Helped Consumers?
12:30 p.m. – 2:45 p.m.
State Room

  • Mr. John A. Allison, Chairman, Executive Advisory Council, Center for Monetary and Financial Alternatives, Cato Institute
  • Mr. Leonard N. Chanin, Of Counsel, Morrison & Foerster LLP
  • Mr. Deepak Gupta, Founding Principal, Gupta Wessler PLLC
  • Prof. Todd J. Zywicki, Foundation Professor of Law and Executive Director, Law & Economics Center, Antonin Scalia School of Law, George Mason University
  • Moderator: Hon. Edith Jones, U.S. Court of Appeals, Fifth Circuit
  • Introduction: Hon. Wayne A. Abernathy, Executive VP for Financial Institutions Policy and Regulatory Affairs, American Bankers Association

The Mayflower Hotel
Washington, DC