Alternative Banking Arrangement to Mitigate the Need for MTL with TPG and IPPA's Legal Experts.
Please our legal experts for a webinar discussing some alternative banking arrangements to mitigate the need for Money Transmitter Licensing.
This session will cover the following:
· What are some alternative banking arrangements to mitigate the need for MTL Licensing?
· FBO Accounts
· Trust Accounts
· For these alternative banking arrangements, what are the key attributes that will allow you to avoid state MTL licensure?
· If you chose to implement an FBO or Trust Account, what is the best way to avoid future penalty?
· Should you proactively apply for state-by-state exemptions or use the wait and see approach?
Keith J. Barnett, Partner, Troutman Pepper
Keith Barnett is a partner at the law firm of Troutman Pepper. He is the head of the firm’s payments group and represents clients in the payments industry on compliance, contractual, regulatory, enforcement and litigation issues. In his practice, he regularly interacts with state and federal regulators on payments issues concerning new and proposed laws, and he represent clients in adversarial proceedings against the regulators. He regularly speaks and writes about payments issues, and is one of the hosts of a Troutman Pepper payments podcast called Payments Pros.
Duncan B. Douglass, Partner, Atlanta, Alston & Bird
Duncan Douglass co-heads Alston & Bird’s payment systems practice and focuses on transactions and regulatory issues related to retail and wholesale payment systems and products. Duncan regularly advises financial institutions, fintechs, payment processors, retailers, payment system operators, and trade associations in connection with traditional and emerging C2B, B2C, B2B and C2C payment systems and technologies, including real-time payments, card payments, ACH and check-based payments, virtual currency custody and transfers, and wires. Duncan is a frequent lecturer and author on various topics involving electronic payment systems, is Chair of the Editorial Board of the Fintech Law Report, and is Chair of the Deposit Products and Payment Systems Subcommittee of the American Bar Association’s Consumer Financial Services Committee.
CLICK HERE to join live