Thrive & Grow in a Changing Market

Immerse yourself in this educational opportunity designed to help advance your compliance knowledge. The IPA is bringing the in-person Compliance Boot Camp to Chicago, Illinois. The Compliance Boot Camp as a one day in-person event including sessions that are most relevant to the payments community.

Session 1: Regulation E Refresher: Recent CFPB Enforcement Focus & Compliance Tips to Stay Out of the Spotlight
Description: In this presentation, Greenberg Traurig Payments attorneys Tim Butler and Matt White will guide you through recent CFPB enforcement activity involving Regulation E. In focusing on the CFPB’s allegations in these enforcement actions, Tim and Matt will describe why the CFPB alleged particular conduct violated Regulation E and provide compliance tips on how to avoid similar scrutiny.
Speaker: Matt White & Timothy Butler (Greenberg)

Session 2: FBI Case Study on Crypto Fraud
Description: Coming Soon
Speaker: FBI Forensic Account and Speical Agent

Session 3: The Future of Open Banking
Description: At long last, in late 2023 the CFPB issued a proposed rule to implement Section 1033 of the Dodd-Frank Act’s requirement that financial services providers make account information in those providers’ control freely available to consumers, and representatives acting on their behalf. The CFPB has also signaled that it will adopt criteria for organizations to become officially recognized as standard setters under the rule. This presentation will focus on the CFPB’s forthcoming rulemaking, and how companies can prepare for and adapt to this new regulatory framework.
Speaker: Brian Montgomery (Pillsbury)

Session 4: The latest on on-demand wage payment and Earned Wage Access
Description: Earned Wage Access (EWA) services have exploded onto the market in recent years. With increased use and adoption comes increased regulatory scrutiny. This presentation will provide a brief overview of EWA services, including different models and fee structures. The presentation will then provide an update on state and federal laws and regulations impacting EWA services.
Speaker: Eli Rosenberg (Baird Holm, LLP)

Session 5: The Great Legal Conundrum: Providing Banking Services to Cannabis Companies
Description: Federal Regulation: a. Controlled Substances Act (and recent efforts to reclassify cannabis as a lesser controlled substance) b. Financial Crimes Enforcement Network Guidance – 2014 c. Cole Memo – 2013 (and its repeal, and its subsequent revival) d. SAFE Banking Act State Regulation a. State legalization efforts b. Conflict between state law and Federal law
Speaker: Brian Axell

Session 6: Third Party Oversight - No One’s Exempt
Description: In this session we will discuss third party oversight and how it impacts both Banks and FinTechs. Together, we will consider how oversight is not just due diligence to make sure the third party you are working with is acceptable, but also ensuring that we all pay attention to what the third party’s business and risk model is and how they fit into a Bank’s risk model. Attendees will learn what third party oversight encompasses, the risks that come with third-party relationships, the requirements tied to oversight, and how the recent joint guidance from the FDIC, FRB, and OCC impacts how Banks and FinTechs should be thinking about third-party relationships and oversight going forward.
Speaker: Joyce Mehlman (iLEX)

Session 7: Artificial Intelligence
Description: K.C. Halm will discuss emerging regulatory and legal trends surrounding the use of AI in the payments and financial services industry. As federal, state and local legislators, regulators and administrators increase their focus on the use of AI-enabled tools and applications, the number of new rules and regulations is rising exponentially. From notice, consent, opt-out and audit obligations, the list of potential new duties for entities operating in this space is not insignificant. K.C. will discuss the leading proposals and developments in this area, the potential legal and regulatory risks of operating in this environment, and strategies for mitigating such risks.
Speaker: K.C. Halm (Davis Wright Tremaine LLP)

Closing Reception: Please join us for a closing reception after the Compliance Boot Camp.

CLE Credit Update
CLE credits have been applied for the Compliance Boot Camp, ensuring that attendees can earn valuable continuing legal education credits. Rest assured, we will update this page as soon as the approval is received, so you can stay informed about the credit availability.

The Boot Camp is eligible for up to 6 CLEs in: IL, GA, FL, NY, and TX.

Hotel Information

The Compliance Boot Camp does not have an official room block. However, we have compiled a list of hotels that previous attendees have recommended, all of which are within a reasonable walking distance to the Boot Camp.

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2024 IPA Compliance Boot Camp