8th Annual Legal, Regulatory and Compliance Forum on FinTech & Emerging Payment Systems - WEB

Timely In-Depth Sessions on:

Location-Arrow Increasing Regulatory Oversight by CFPB

Location-Arrow Lessons Learned from Recent Bank and Crypto Company Failures

Location-Arrow Are Earned Wage Access Cards Loans?

Location-Arrow Proposed New Guidance for Buy Now Pay Later (BNPL)

Location-Arrow Future of Banking as a Service (BaaS) and Bank-FinTech Partnerships

NEW FOR 2024:

For the first time ever, attend both events & SAVE!

8th Annual Legal, Regulatory and Compliance Forum on

FINTECH & EMERGING PAYMENT SYSTEMS

April 9–10, 2024

• NY Bar Association, New York, NY

Network with Senior Legal and Compliance Professionals from Suporting Sponsors

Location-Arrow Regulatory Expectations for Third Party Risk Management (TPRM)

Location-Arrow Impact of New Novel Activities Supervision Program

Location-Arrow Ensuring Compliance with Rapidly Changing AML and Sanctions

• Affirm

• Block

• Brex

• Chime

• Circle

Associate Sponsor

• Community Federal Savings Bank

• Cross River Bank

• eBay

• Earnin

• Green Dot

• Greenlight Financial Technology

• InComm Payments

• Ingo Payments

• Lead Bank

• Marqeta

Networking Breaks Sponsor

• Mural

• Paxos

• Plaid

• Stripe

• Truist

• U.S. Bank

• WebBank

Meet Our Expert Speaker Faculty

Kelley Barnaby Partner

Alston & Bird LLP

Josh Boehm Partner

Paul Hastings LLP

Sarah Breslow Senior Counsel Paxos

David Brill Managing Director FTI Consulting Inc

Eli Corbett VP, Deputy General Counsel Affirm

Brian Crist Vice President (Legal) Payments, Risk and Growth

eBay

Chris Daniel Partner

Paul Hastings LLP

David Durant General Counsel and Secretary

Earnin

Brad Fauss

Senior Vice President and General Counsel

Greenlight Financial Technology

Adam Frankel General Counsel (admitted to practice in NY only; California application pending)

Chime Financial, Inc.

Arlen Gelbard General Counsel

Cross River Bank

Michelle Ann Gitlitz Partner

Arktouros PLLC

Melissa Goldstein Partner

Shulte Roth & Zabel LLP

Nicole Ibbotson

SVP, General Counsel & Chief Privacy Officer InComm Financial Services Inc.

Erica Khalili Chief Legal Officer and Risk Officer Lead Bank

Nick Krafft

Senior Advisor, Research and Innovation

New York State Department of Financial Services

Danielle Aviles Krueger Head of Government Affairs

Klarna

David Lee Global Head of Sanctions and Screening Payoneer

Andrew Lorentz Partner

Davis Wright Tremaine LLP

Richard Malish General Counsel

Community Federal Savings Bank

Fielding Martin Associate General Counsel, Privacy InComm Payments

Donald J. Mosher Partner

Schulte Roth & Zabel LLP

Ryan Naples Director of Public Policy

DailyPay Inc.

Joshua Orenstein Lead Consumer Financial Regulatory Counsel

Stripe

Alex Peurach Partner

Alston & Bird LLP

Rusty Pickering President and Chief Operating Officer

Ingo Payments

Scott Pope

SVP, Payments CRO Risk and Compliance Senior Manager –Consumer and Small Business Payments

U.S. Bank

Jeremy Presser Lead Product Counsel & Compliance

Plaid

Amy Pugh General Counsel

Green Dot Corporation

Ali Rathod-Papier

Head of Financial Crime Compliance

Brex

Kareem Saleh CEO Fairplay AI

Priya Sanger Senior Director & Associate General Counsel

Marqeta

Parris Sanz EVP & General Counsel

WebBank

Kayce Seifert Lead Payment Counsel Square @ Block, Inc

Sinclair Toffa Founder and CEO Mural

Barrie VanBrackle Partner

Latham & Watkins LLP

Ashwin Vasan

Senior Advisor, FS Vector Former Associate Director for Research, Monitoring and Regulations and Senior Advisor Consumer Financial Protection Bureau

Stephanie R. White

Chief Deputy Commissioner NC Office of the Commissioner of Banks

Services: Legal, Regulatory, Insurance and Compliance Professionals

Tuesday, April 9, 2024

8:00 Registration and Continental Breakfast

9:00

Conference Co-Chairs’ Opening Remarks

microphone-alt Eli Corbett, VP, Deputy General Counsel, Affirm

Barrie VanBrackle, Partner, Latham & Watkins LLP

9:15 SENIOR EXECUTIVE PANEL

Key Factors to Overcoming the Challenges Facing the Industry

microphone-alt Brad Fauss, Senior Vice President and General Counsel, Greenlight Financial Technology

Amy Pugh, General Counsel, Green Dot Corporation

Adam Frankel, General Counsel (admitted to practice in NY only; California application pending), Chime Financial, Inc.

Nicole Ibbotson, SVP, General Counsel & Chief Privacy Officer, InComm Financial Services Inc.

• What is the outlook for 2024?

• Discuss the implications of higher cost of capital and lower valuations for the fintech industry.

• What is the future for open banking?

• Key strategies to build out financial intelligence reporting to strengthen controls.

• How to prepare for increased regulation

10:00

CFPB Increased Regulatory Oversight: New Developments and Proposals That Require Constant Monitoring

microphone-alt Joshua Orenstein, Lead Consumer Financial Regulatory Counsel, Stripe

Jeremy Presser, Lead Product Counsel & Compliance, Plaid

Kelley Barnaby, Partner, Alston & Bird LLP

• Preparing for the expansion of regulatory oversight

• Increased supervision of the industry

• Discuss the proposed Sections 1033 and 1071 of the Dodd-Frank Act

• What is the impact of the proposed personal financial data rights?

• Proposal for big tech payment apps to be supervised by CFPB

• Potential impact of the Supreme Court decision

• Targeting unfair discrimination in Consumer Finance

11:00

Networking Break Sponsored by

11:15

Bank and Money Transmitter Failures: Lessons Learned from Recent Bank (SVB and Signature Bank) and Crypto Company (FTX, Voyager) Failures and What to Expect Going Forward

microphone-alt Chris Daniel, Partner, Paul Hastings LLP

David Brill, Managing Director, FTI Consulting Inc

• How the fintech industry will be affected by recent bank failures

• Current state of the crypto industry amid regulatory uncertainty

• Key compliance improvements to strengthen your compliance program.

• Warning signs to watch for your organization.

12:00

Enforcement Trends: Lessons Learned from Recent Penalties to Meet Increased Regulator Expectations

microphone-alt Ali Rathod-Papier, Head of Financial Crime Compliance, Brex

Richard Malish, General Counsel, Community Federal Savings Bank

Barrie VanBrackle, Partner, Latham & Watkins LLP

• Takeaways from the recent Cross River, ACI Worldwide, Payoneer penalties

• Lessons learned from the consent order with Blue Ridge Bank

• Key compliance areas that the regulators are focusing on

• Increased focus on third party oversight

• Agency priorities for 2024 and how the regulators are working together on enforcement actions

12:45 Lunch

2:00

Discussion: Evolving Priorities and Approaches from Federal Regulators

microphone-alt Ashwin Vasan, Senior Advisor, FS Vector, Former Associate Director for Research, Monitoring and Regulations and Senior Advisor, Consumer Financial Protection Bureau

Elizabeth Corbett, VP, Deputy General Counsel, Affirm

Listen to the regulators and former regulators share their priorities for the coming year and gain insight on how they are working together for regulatory change. Key agencies will discuss the current focus for 2024 and beyond.

2:45

Third Party Risk Management (TPRM): Understanding Your Accountability for Your Partners and Providers

microphone-alt

Parris Sanz, EVP & General Counsel, WebBank

Rusty Pickering, President and Chief Operating Officer, Ingo Payments

Arlen Gelbard, General Counsel, Cross River Bank

Alex Peurach, Partner, Alston & Bird LLP

• Hear Important takeaways from the final guidance.

• Discuss the need to maintain inventory of all third-party relationships.

• Learn best practices for Financial institutions.

• Strategies for maintaining robust oversight of your partners and providers to ensure compliance and quality in service delivery.

• Interagency guidance on third party relationships

• Recent consent actions against BaaS providers

3:30

Networking Break Sponsored by

3:45

Structuring

an Appropriate Baas Agreement: What is the Projected Growth for This Popular Service?

microphone-alt Kayce Seifert, Lead Payment Counsel, Square @ Block, Inc

Erica Khalili, Chief Legal Officer and Risk Officer, Lead Bank

Andrew Lorentz, Partner, Davis Wright Tremaine LLP

• How to create an effective agreement

• What are the best practices for an enforceable agreement?

• Advantages for the banks: new revenue streams, customer acquisition and retention

• Benefits for the Fintech Industry-partnership with licensed bank

SUPORTING SPONSOR:

Alston & Bird’s Payments and Fintech attorneys have expertise across the entire spectrum of the payment ecosystem including advising on deal structuring and negotiations, compliance, complex disputes, and enforcement actions.

4:30

Earned Wage Access Cards: How States are Determining if Earned Wage Access is a Loan

microphone-alt Scott Pope, SVP, Payments CRO Risk and Compliance Senior Manager –Consumer and Small Business Payments, U.S. Bank

Priya Sanger, Senior Director & Associate General Counsel, Marqeta

David Durant, General Counsel and Secretary, Earnin

Ryan Naples, Director of Public Policy, DailyPay Inc.

• Overview of the growth for EWA cards and plans for the future

• Focus of the Potential Earned Wage Access Consumer Protection Act

• Need for operational requirements for on-demand pay providers, including “disclosure requirements, dispute resolution policies, and limitations related to fees and other payments.

• Key players in this growing sector

5:15 Networking Reception

6:15 End of Day One

Financial Services: Legal, Regulatory, Insurance and Compliance Professionals

Users WHO SHOULD ATTEND?

ĉ Federal and State Regulatory and Enforcement Officials

ĉ Financial Products, Payments, FinTech, and Retail Professionals, including:

y General Counsel

y CEOs

y CCOs

y Compliance Counsel

y Product Managers

y Regulatory Counsel

ĉ Private Practice Attorneys Specializing in:

y FinTech

y Payment Systems

y Virtual/Digital Currencies

y Financial Services Regulatory Compliance

y Risk Officers/ Managers

y AML Counsel

y Privacy Officers

y Data Security Officers

y Analysts

y Banking Law

y Prepaid Cards

y AML Compliance

y Privacy/Data Security

y Advertising and Marketing Law

Wednesday, April 10, 2024

8:55

Opening Remarks

9:00

State Regulation Update: Unravelling the Complex Maze of Different State Regulation

microphone-alt Donald J. Mosher, Partner, Schulte Roth & Zabel LLP

Stephanie R. White, Chief Deputy Commissioner, NC Office of the Commissioner of Banks

The money transmitter landscape is complex. The panelists will discuss current and proposed state regulations and key focus areas. Topics to be discussed include:

• Licensing laws and trends including the Model Act

• Safety and soundness of Money transmitter Licenses

9:45

Responsible Innovation: How Banking Agencies Supervise Novel, Technology-Driven Activities

microphone-alt Sarah Breslow, Senior Counsel, Paxos

Josh Boehm, Partner, Paul Hastings LLP

• Why banks are getting involved with novel, technology-driven activities, including crypto-assets and distributed ledger technology

• Obtaining regulatory approval to conduct novel activities

• Current regulatory approaches to supervising novel activities, including NYDFS and Federal Reserve programs

10:45

Networking Break Sponsored by

11:00

Buy Now Pay Later (BNPL): Consumer Interest, Potential Regulation and Product Offerings

microphone-alt Eli Corbett, VP, Deputy General Counsel, Affirm

Nick Krafft, Senior Advisor, Research and Innovation, New York State Department of Financial Services

Danielle Aviles Krueger, Head of Government Affairs, Klarna

• Status of proposed BNPL bill- Examining Consumer Choice in Digital Payments Act

• What is consumers response to this produce.

• Lessons learned from the 2023 holiday season.

• Predictions for this product line going forward.

• New players, product offerings and international developments

11:45

AML and Sanctions: Key Strategies to Strengthen Your Compliance Program with Emerging Geopolitical Issues

microphone-alt David Lee, Global Head of Sanctions and Screening, Payoneer

Melissa Goldstein, Partner, Shulte Roth & Zabel LLP

• Critical factors to be including in your sanctions screening process and the need to use IP blocking and geofencing

• KYC for your customers and your customers

• Complying with the new FinCen beneficial ownership rules

• Navigating the increased focus on counter terrorist financing and increased exposure to circumvention and diversion of Russia Sanctions

• Increased trade sanctions that require more vigilant for facilitating trade payments

12:30 Lunch

1:45

Artificial Intelligence: The Coming Revolution for FinTech’s and Banks

microphone-alt Brian Crist, Vice President (Legal) Payments, Risk and Growth, eBay

Fielding Martin, Associate General Counsel, Privacy, InComm Payments

Kareem Saleh, CEO, Fairplay AI

• How can AI improve and accelerate financial services growth?

• What data should be used and how to ensure the accuracy of the date?

• Future applications including targeted marketing, income verification, underwriting, fraud detection, cross border payments and e-commence apps.

• Who will review AI output?

2:45

Stablecoins: Will 2024 Be a Banner Year for This Product?

microphone-alt Michelle Ann Gitlitz, Partner, Arktouros PLLC

Sinclair Toffa, Founder and CEO, Mural

• Impact of potential Federal Stable Coin Act

• AICPA frameworks and practice guides

• Predictions for the future of stable coins

• Who are the key players in the market

3:30 Conference Adjourns

Monday, April 8. 2024

8:00 Registration and Continental Breakfast

9:00

Co-Chairs’ Opening Remarks

9:15

State of the Prepaid Industry: Evolving Products with New Uses Amid Additional Scrutiny

9:45

Third Party Oversight: Regulatory Focus on the Need for Increased Partner Monitoring

11:00 Networking Break

11:15

Regulatory and Enforcement Update: What’s New and Impact of Recent Enforcement Action

12:30 Networking Lunch Agenda-at-a-Glance

1:45

Prepaid Product Innovation: The Future of Stored Value Cards

2:45

Loyalty, Award, Promotional and Rebate Programs: What’s New, What’s Working and What Needs to Change

3:30 Networking Break

3:45

Card Networks: Latest Proposals on Interchange Fees and Dual Network Routing

4:15

International Developments: Things to Keep on Your Radar for 2024

5:00 Conference Adjourns

For detailed agenda, visit www.AmericanConference.com/PrepaidAccounts

Services: Legal, Regulatory, Insurance and Compliance Professionals

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CONTINUING LEGAL EDUCATION CREDITS

Accreditation will be sought in those jurisdictions requested by the registrants which have continuing education requirements. This course is identified as nontransitional for the purposes of CLE accreditation.

ACI certifies this activity has been approved for CLE credit by the New York State Continuing Legal Education Board.

ACI certifies this activity has been approved for CLE credit by the State Bar of California.

ACI has a dedicated team which processes requests for state approval. Please note that event accreditation varies by state and ACI will make every effort to process your request.

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American Conference Institute is pleased to offer our delegates a limited number of hotel rooms at a negotiated rate. To take advantage of these rates, please contact the hotel directly and quote “ACI April Event ”

HOTEL: Sofitel New York

ADDRESS: 45 West 44th Street

RESERVATIONS: Anna.Li@sofitel.com or 212-782-3015

Please note that the guest room block cut-off date is March 11th, 2024. After that date OR when the room block fills, guestroom availability and rate can no longer be guaranteed.

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y A full credit note for you, or a colleague to attend another event.

y A full refund.

All cancellations and changes must be submitted to CustomerService@CanadianInstitute.com by April 2, 2024.

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