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The purpose of the Durbin Amendment was to lower merchants’ costs of accepting debit cards for customer payments. Up to now, because of technology limitations, online merchants were not provided lower…

Insights
Aug 24, 2022

Deceptive and unfair -- multiple NSF fees on representments of the same transaction

In guidance issued recently, the Federal Deposit Insurance Corporation (“FDIC”) advised that charging multiple non-sufficient funds (“NSF”) fees constitute “violations of law” when customer…

Insights
Aug 19, 2022

CFPB guidance on pay-to-pay fees impacts consumer loan agreements

Consumer debt collectors may not be permitted to charge consumers “convenience fees” for card payments, which the Consumer Financial Protection Board (the “CFPB”) calls “pay-to-pay” fees, unless the…

Insights
Feb 17, 2022

The Corporate Transparency Act (CTA) is coming: creation of a U.S. national beneficial ownership database

Potentially as soon as late 2022 or early 2023, a new U.S. regulatory requirement will come into effect which will affect over 25 million existing business entities and another 3-4 million new…

News
Nov 10, 2021

BCLP Names Largest Class of Partner Promotions

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