Our payment system practice represents entities throughout the financial service industry. We have a robust team that stays ahead of the latest technology, innovations and consumer preferences.

Liebler, Gonzalez & Portuondo has a long history assisting clients with legal and strategic advice so they are in compliance with a range of payment systems rules and regulations. We have a wealth of litigation experience that allows us to remain on the forefront of new practices and technology.Payment Systems Rules & Regulations

• Electronic Funds Transfer (EFTA) Rules
• National Automated Clearing House Association (NACHA)
• Unfair and deceptive acts and practices (UDAP/UDAAP)
• Multi- State Transmitter Licensure Laws
• State and Federal laws and regulations related to money service businesses

Our litigation experience includes:

• Automated Clearing House (ACH) rules and transactions
• Wire Transfers
• Gift Certificates and prepaid cards
• Investment products
• Mobile banking, online banking and bill pay
• Positive pay services

We support the development of new treasury products and services, including:

• Sweep/repurchase products
• Deposit access devices
• Prepaid debit cards
• Online banking
• ACH payments
• Wire transfers
• Related agreements for new products and services

Anti-Money Laundering

Our clients trust in our advanced insight into regulatory compliance and all other money laundering issues. At Liebler, Gonzalez & Portuondo, we stay ahead of changing regulations, provide support to enhance due diligence requirements and work closely with clients to address the reporting of suspicious activities.  We ensure that our clients’ AML programs are compliant and up to date.
Liebler, Gonzalez & Portuondo’s has expertise in a wide range of anti-money laundering issues. We advise financial institutions on the following:

• The Bank Secrecy Act
• AML laws
• FinCEN rules and reporting
• Regulations issued by the Treasury Department-Office of Foreign Asset Control (OFAC)

Responding to Legal Order Process

Our clients depend on our years of experience. Our advice is rooted in long term, trusted relationships and a proven track record. Our retail banking practice team is well versed in procedural compliance for the financial industry.Liebler, Gonzalez & Portuondo’s retail banking practice team routinely represents and advises its clients in a full range of effectively responding to all types of legal order process whether as a non-party or a party to the litigation, including:

• Compliance with subpoenas
• Writs of garnishments
• Seizure warrants
• Temporary restraining orders
• Guardianship for deposit accounts
• Guardianship for safe deposit boxes
• Consumer Financial Protection Bureau (CFPB) investigations

We also routinely represent high profile financial institutions whose corporate representatives have been subpoenaed to testify before federal and state grand juries, as well as clients who are responding to civil investigative demands made by the Consumer Financial Protection Bureau (CFPB.)

Unclaimed Property & Escheatment Obligations

Liebler, Gonzalez & Portuondo proactively counsels financial institutions and other corporate entities on escheat and unclaimed property laws. We stay ahead of vital and time sensitive state statutes and regulations governing unclaimed property. These statues and regulations require entities to escheat unclaimed property to the State within a specified time period. Our escheatment team routinely advises on compliance with state laws governing the escheatment of abandoned property, including the following:

• Deposit accounts
• Prepaid cards
• Investment accounts

Privacy & Data Security

Liebler, Gonzalez & Portuondo is well versed in the latest privacy, data protection, computer law, e-commerce and information security litigation and regulation. We advise financial institutions on compliance with the Gramm-Leach Bliley Act and restrictions on disclosing non-public personal information.