Credit & Debit Cards

Buckley Kolar provides a broad range of services to issuers of credit and debit cards.  We advise issuers on compliance with the statutes that affect the card business, such as the federal Truth in Lending Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, and Electronic Funds Transfer Act, and the federal and state statutes regulating stored-value cards.  We provide specialized advice concerning payment system issues, such as Check 21 Act implementation, and more general guidance on charter powers, preemption, and other banking topics.  We counsel clients on the development of innovative card products and services within a multifaceted regulatory framework.  We work closely with clients on developing thoughtful and consumer friendly disclosures and other materials for their offerings, as well as Spanish language translations of such materials.  In addition, we handle a variety of business transactions for our credit and debit card clients, representing them before the U.S. Congress, federal and state regulators, and in industry councils.   Our credit and debit card clients include both industry leaders and newer entrants who seek high-quality, practical, and actionable advice to advance their business goals.