David L. Beam

Nov 6, 2024 | jdsupra.com | David L. Beam |Matthew Bisanz |Joseph A. Castelluccio

On October 22, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rulemaking on Personal Financial Data Rights (the “Final Rule”). The Final Rule is intended to accelerate a shift towards open banking in the United States, with the goals of reducing financial institution lock-in, improving consumers’ access to financial services on competitive terms, and enabling new functionality through increased access to consumers’ personal financial data.

Nov 6, 2024 | mondaq.com | David L. Beam |Matthew Bisanz |Joseph A. Castelluccio |Justin Herring

MB Mayer Brown More Mayer Brown is a distinctively global law firm, uniquely positioned to advise the world’s leading companies and financial institutions on their most complex deals and disputes. We have deep experience in high-stakes litigation and complex transactions across industry sectors, including our signature strength, the global financial services industry.

Oct 30, 2024 | mondaq.com | David L. Beam

Join us for a new episode of Financial Services Focus with Mayer Brown Partner, David Beam, and Houlihan Lokey Managing Director, Kartik Sudeep. Beam and Sudeep discuss developments in the payments industry, including real-time payments and cross-border transactions, as well as concerns about fraud and the evolving regulatory landscape, the integration of FinTech and banks, and the impact of regulatory compliance on acquisitions.

Oct 30, 2024 | jdsupra.com | David L. Beam

Join us for a new episode of Financial Services Focus with Mayer Brown Partner, David Beam, and Houlihan Lokey Managing Director, Kartik Sudeep. Beam and Sudeep discuss developments in the payments industry, including real-time payments and cross-border transactions, as well as concerns about fraud and the evolving regulatory landscape, the integration of FinTech and banks, and the impact of regulatory compliance on acquisitions.

Sep 25, 2024 | jdsupra.com | David L. Beam |Matthew Bisanz |Joseph A. Castelluccio

On September 17, 2024, the Federal Deposit Insurance Corporation (FDIC) proposed extensive new recordkeeping requirements and other compliance obligations (the “Proposal” ) for certain types of deposit accounts frequently used by banking-as-a-service (BaaS) platforms and other bank-fintech partnerships.