Developments in the Law Affecting Electronic Payments and Financial Services

The Business Lawyer. Vol. 74. Issue 1. (2019)

Indiana Legal Studies Research Paper No. 406

13 Pages Posted: 10 Apr 2019

See all articles by Stephen T. Middlebrook

Stephen T. Middlebrook

Unirush, LLC

Tom Kierner

Unirush, LLC

Sarah Jane Hughes

Indiana University Bloomington School of Law

Multiple version iconThere are 2 versions of this paper

Date Written: 2019

Abstract

This short article surveys developments in the law affecting electronic payments and financial services from June 1, 2017 to June 1, 2018. During this period, significant developments occurred that affected the regulation of initial coin offerings (ICOs), the Office of the Comptroller of the Currency’s proposal to issue “special purpose national bank charters” to FinTech companies, the CFPB’s final regulation of prepaid, general-purpose cards, state regulation of payroll cards, and how lawyers taking cryptocurrencies from clients as payment for services or for safekeeping should protect them. The survey also presents newly issued BitLicenses under the New York Department of Financial Services’ 2015 “BitLicense” regulation.

Keywords: Electronic financial payments, Prepaid cards Payroll cards, Initial coin offerings, ICOs, FinTech, Cryptocurrency, Cryptocurrency intermediaries, Cyberspace, FinTech national bank charters, BitLicense, Lawyers and cryptocurrencies

JEL Classification: A1, E00, E20, E30, E50

Suggested Citation

Middlebrook, Stephen T. and Kierner, Tom and Hughes, Sarah Jane, Developments in the Law Affecting Electronic Payments and Financial Services (2019). The Business Lawyer. Vol. 74. Issue 1. (2019); Indiana Legal Studies Research Paper No. 406. Available at SSRN: https://ssrn.com/abstract=3368522

Stephen T. Middlebrook

Unirush, LLC ( email )

PO Box 42482
Cincinnati, OH 45242
United States

Tom Kierner

Unirush, LLC ( email )

PO Box 42482
Cincinnati, OH 45242
United States

Sarah Jane Hughes (Contact Author)

Indiana University Bloomington School of Law ( email )

211 S. Indiana Avenue
Bloomington, IN 47405
United States
812-855-6318 (Phone)
812-855-0555 (Fax)

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