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Alex Glassman & Matt Luciana Featured In Green Sheet

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March 29, 2024, ruling by a federal judge ended a four-year debate between PayPal Holdings Inc. and the Consumer Financial Protection Bureau over digital wallet and prepaid card fee structures and disclosures. Judge Richard L. Leon of the U.S. District Court for the District of Columbia agreed with PayPal that digital wallets are materially different than “general purpose reloadable (GPR) cards” and should not be held to the same regulatory standards. James Huber, partner at Global Legal Law Firm, praised the decision, stating it reflects improved communications between the payments industry and the U.S. government’s judicial branch.

Can High-Risk Merchants Get Off the MATCH List?

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There are specific procedures for each of the MATCH reason codes to request removal from the list. This is a detailed process that can be made easier by working with an attorney at Global Legal who has successfully advocated for numerous clients to be removed from the MATCH list.

Federal Court Confirms Payment Processing Contracts with Cannabis Merchants Do Not Violate the Controlled Substance Act, and Are Therefore Enforceable

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Title II of the Comprehensive Drug Abuse Prevention and Control Act of 1970, commonly known as the Controlled Substances Act (“CSA”), divides controlled substances into five levels of “schedules,” which are based on the drug’s potential for abuse, whether the drug has a currently accepted medicinal use, and whether there is a lack of accepted safety for the use of the drug under medical supervision or the level of psychological or physical dependent that could result from abuse of the drug.

Chargeback MATCH List | How it Works & How to Get Off

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Businesses that accept electronic payments face unique challenges, including cybersecurity, maintaining user data privacy, verifying customer identities before card purchases, and navigating regulatory complexities. One of the regulations merchants must adhere to is resolving customer disputes and refunds promptly to avoid chargebacks. Excessive chargebacks are often a sign of a larger problem and can lead to a MATCH placement. Merchants listed on MATCH are termed as high-risk, and acquiring banks are likely to decline their account applications.

How to Maintain Fintech Compliance

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This article explores key fintech compliance areas and why compliance is critical, common compliance challenges, and measures fintech companies can take to maintain compliance.

What Is a Business Divorce?

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A business divorce can be painful and messy, but it doesn’t have to be. Professional legal guidance can help you reduce the pain of separation through honest communication and setting clear expectations.