Consumer Financial Services Committee Newsletter — November 2019

Consumers

Meeting Announcement

Mark your calendar for the next Consumer Financial Services Committee Meeting scheduled for January 16-19, 2020 in Tucson, Arizona at the Loews Ventana Canyon Resort.

Consumers

Membership Minute

CFSC by the Numbers: As of October 2019, total members = 1,269, which represents a decrease of approximately 10% compared to October 2018. Keep spreading the word about joining the ABA's CFSC. Encourage your clients, young lawyer associates and colleagues to check out our fantastic CFSC CLE and non-CLE content, networking, publishing and other opportunities to get involved!

Consumers

The California Consumer Privacy Act’s 30-Day Right to Cure

Genevieve R. Walser-Jolly, Esq. and Scott J. Hyman, Esq.

Under the California Consumer Privacy Act (“CCPA”), effective January 1, 2020, California consumers will have a private right of action if their unencrypted or unredacted personal information is the subject of a data breach that results from a business’s failure to “implement and maintain reasonable security procedures and practices appropriate to the nature of the information.”

Consumers

Ode to Ed Heiser

Marci Kawski

After 51 years of practicing law, the majority of which was focused on consumer finance law, the great Ed Heiser retired on June 30. Ed has been recognized as one of the leading consumer finance lawyers nationwide for more than 50 years.

Consumers

Hot Topic: The Fed’s Proposed Entry into Real-Time Payments Through the FedNow Service

Judy Mok

By now, most of us in the payments world are likely aware of the Federal Reserve Board’s (the “Fed’s”) proposed foray into real-time payments (“RTPs”). On August 5, 2019, the Fed announced that the Federal Reserve Banks would develop a new round-the-clock real-time payment and settlement service, called the FedNowsm Service (“FedNow”), to support faster payments in the United States.

Consumers

Catching Up with John Ropiequet

Abbigail E. Webb

John L. Ropiequet is a master of his craft, or as he would put it, a “legend in his own mind.” John has practiced for more than 40 years and has focused on consumer finance class action defense for the past 25 years along with other commercial litigation.

Consumers

The Future of Interconnected Banking is Now, and It’s Brought to You by APIs

Sam Adriance

Fintech apps have proliferated over the last decade. It is now commonplace to use these services to track your spending and set your budget for the coming month, to help you apply for a loan, split a bill with friends, or manage your investments. According to a 2018 survey by the Clearing House, one in three U.S. banking consumers now uses at least one fintech app.

Consumers

Tributes

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