We provide specific advice and counsel to clients regarding their websites offering financial products to customers. In particular, we stress risk assessment, security, and permitted operations.
The firm has assisted clients with respect to legal issues arising in the design of Internet programs for credit card, home equity, and mortgage loans and deposit programs. We have also advised financial institutions in their role as service providers and processors of payment transactions. In this capacity, we counsel clients on their roles as acquirers of debit and credit transactions and as service providers, and in cash management operations and functions.
Additionally, the firm has guided clients through the many facets of Uniform Commercial Code requirements, NACHA requirements, debit network and credit card association rules and regulations to help them avoid potential conflict or problems with their website.
We also draft, review and provide counsel on privacy notices under the Gramm-Leach-Bliley Act and state law.