James W. McGarry, Partner, Goodwin Procter LLP to Speak at TKG's CFPB's Final Prepaid Card Rule: Maximizing Opportunities and Minimizing Risks
This event is scheduled for Wednesday, May 17, 2017 @ 12:00 PM to 2:00 PM (ET).
- Jersey City, NJ (1888PressRelease) April 21, 2017 - The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that James W. McGarry, Partner, Goodwin Procter LLP will speak at the Knowledge Group's webcast entitled: CFPB's Final Prepaid Card Rule: Maximizing Opportunities and Minimizing Risks LIVE Webcast.
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About James W. McGarry
Jim McGarry is a partner in Goodwin's Financial Industry and Consumer Financial Services Litigation practices. His national practice focuses on defending financial institutions of all shapes and sizes, primarily in state and nationwide class actions and multi-district class actions around the country and in matters with significant client regulatory and/or reputational risk. In the last five years, Mr. McGarry has defended clients against nearly 100 class actions and his unprecedented streak of defeating contested class actions extends well beyond 10 years.
About Goodwin Procter LLP
Goodwin is a leading Am Law 50 and Global 50 law firm, with offices across the United States and in Europe and Asia. Excelling at complex transactional work and high-stakes litigation, the firm combines in-depth legal knowledge with practical business experience to help clients maximize opportunities and manage risk. With more than 1,000 lawyers, Goodwin offers innovative counsel and delivers results through a client-centric and collaborative approach. The firm focuses on matters involving financial institutions, intellectual property, private equity, real estate capital markets, securities litigation/white collar defense, and technology/life sciences.
On October 5, 2016, the Consumer Financial Protection Bureau (CFPB) released the final rule regulating prepaid card accounts. The new rule will extend the protection of Regulation E, which implements the Electronic Fund Transfer Act, to prepaid cards and similar products. It will also expand the scope of Regulation Z, which implements the Truth in Lending Act, to cover overdraft credit features on prepaid accounts. Most provisions of the final rule will take effect on October 1, 2017, though the requirement to submit prepaid account agreements to the CFPB will take effect in October 2018.
The Knowledge Group has assembled a panel of key thought leaders to discuss the CFPB's final prepaid card rule and its practical implications to prepaid card retailers and issuers. They will also offer best practices to ensure compliance with the final rule.
In this LIVE Webcast, the speakers will discuss:
• Scope of the CFPB's Final Prepaid Card Rule
• Definition of "Prepaid Account"
• Disclosure Requirements
• Submission and Posting of Prepaid Account Agreements
• Requirements for Prepaid Accounts with Overdraft and Credit Features
• Prohibition on Compulsory Use
• Dispute Resolution and Consumer Liability
• Practical Implications
• Best Compliance Practices
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/