Looking Ahead — Tighter Scrutiny of Deposit and Payment Practices

64 minute watch | January.21.2021

Regulators have shown keen interest in deposit and payment issues over the last few years, and that interest is likely to persist — and even increase — under a Biden administration. Unfair, deceptive, or abusive acts or practices related to deposits and payments will be a focus of regulatory supervision and enforcement as families continue to feel financial fallout from the pandemic. At the same time, innovation and surging use of electronic payments and online banking services will shine a spotlight on Regulation E compliance.

Orrick attorney Ted Somers discussed recent trends in deposit and payment practices, how those trends might change under the Biden administration, and ways to mitigate potential risk.

Webinar filmed prior to the combination of Buckley and Orrick in 2023.


About the Series | Foresight 20/21: What to Expect in a Biden Administration

Webcasts in this series have followed ongoing developments and explored what a new administration could mean for:

  • Anti-money-laundering/Sanctions
  • Consumer arbitration
  • Examination best practices
  • Fair lending
  • Privacy
  • Non-U.S. domiciled companies
  • White collar criminal defense

The information contained herein is for informational purposes only, does not constitute legal advice, and does not necessarily reflect the opinions of Orrick or any of its attorneys or clients. This presentation is not intended to create, and does not create, an attorney-client relationship between you and Orrick, or any of the presenters, and you should not act or rely on any information in this presentation without consulting legal counsel. The information contained in this presentation may or may not reflect the most current legal developments. Accordingly, information in this presentation is not promised or guaranteed to be correct or complete, and it should not be considered an indication of future results. Orrick expressly disclaims all liability in respect to actions taken or not taken based on any or all of the contents of this presentation.