Payment Processing + Cards

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On May 3, the Federal Trade Commission announced that it had executed a stipulated judgment with over a dozen entities that market and sell green coffee bean extract weight-loss supplements, male enhancement products, and skin care products, and their affiliated payment processors arising out FTC allegations of wrongdoing.  The allegations include that the …

We are pleased to announce that Troutman Sanders partners Keith Barnett and Ashley Taylor will be featured speakers at the 2016 Third Party Payment Processors Association (“TPPPA”) Annual Conference taking place June 14-16 at the Bank of America Plaza in Atlanta.  Keith and Ashley will participate in a panel to address the current legal landscape…

We are proud to announce that Troutman Sanders partner Keith Barnett will be a featured speaker at the upcoming ACI Blockchain & Distributed Ledger Technology Conference at the Carlton Hotel in New York City on April 13-14. 

Building on the Prepaid Card Compliance and Emerging Payment Systems conferences, and in response to demand …

We are pleased to announce that Troutman Sanders partner Keith Barnett will participate in a webinar entitled “Third Party Payment Processors Series: Chief Compliance Officer Responsibilities” on Friday, March 4, at 2:00 p.m. EST.  Join the panelists for this complimentary webinar offered by Kirkpatrick Price and the Third Party Payment Processors Association (TPPPA).  The discussion …

We are pleased to announce that Troutman Sanders partner Keith Barnett will be a featured speaker during a live webinar entitled “UDAAP and Third Party Payment Processors” on Monday, March 7 from 12:00 noon to 1:00 p.m. EST.  

In its enforcement actions, the Consumer Financial Protection Bureau has expanded the scope of what …



On February 18, the Federal Trade Commission announced that it had settled charges against Butterfly Labs and two of its operators stemming from the alleged deception of consumers regarding new mining machines for the virtual currency, Bitcoin.  According to the FTC, the company and its corporate officers charged consumers thousands of dollars for its Bitcoin…

		


		


				
		


	


	

	

	

	

 		
 		
		
		


						
								
			
			
The Federal Trade Commission announced today that it had agreed to settle charges against Capital Payments LLC (now known as Bluefin Payment Systems, LLC), for its alleged involvement with The Tax Club, a group of entities engaged in fraudulently telemarketing development services, including business formation, counseling, credit development, and marketing to individuals seeking to establish …

		


		


				
		


	


	
	

	
	

 		
 		
		
		


						
								
			
			
On February 3, the Consumer Financial Protection Bureau announced that it is taking steps to help consumers get better access to checking accounts.  The CFPB has “concerns that consumers are being sidelined by the lack of account options and by inaccurate information used to screen potential customers.”  Towards that end, the CFPB sent …

		


		


				
		


	


	

	

	

	

 		
 		
		
		


						
								
			
			
On January 20, 2016, the United States Supreme Court issued an opinion that addresses a narrow procedural point with major implications for legal risks for companies under the Telephone Consumer Protection Act (TCPA).


Campbell-Ewald Co. v. Gomez addresses whether a class action lawsuit under the TCPA can continue after the defendant makes the plaintiff an…

		


		


				
		


	


	
	

	
	

 		
 		
		
		


						
								
			
			
On December 17, Judge Christina Snyder of the United States District Court for the Central District of California granted a motion to stay a lawsuit under the Telephone Consumer Protection Act (“TCPA”) by Defendant Time Warner Cable (“TWC”).  The Court granted the motion pending the District of Columbia Circuit Court of Appeals’ decision in ACA …