Electronic Financial Services

We are at the forefront of efforts to define standards for the use of electronic signatures and records and electronic management of documents.  Our clients include financial institutions, insurance companies, secondary market investors, and technology vendors.  We advise clients on the design, development and implementation of business plans and financial products and services offered through electronic commerce.  We counsel clients on the application of consumer finance laws and regulations applicable to business conducted over the Internet, including electronic payment system issues. 

Recent projects include:

• assisting a technology vendor structure a system for the creation, storage and transfer of “electronic chattel paper”
• assisting a large data processor develop its record retention and conversion policies
• assisting a major insurance company comply with state and federal online data privacy/security laws and laws on unsolicited commercial email
• advocating on behalf of a coalition of clients for the uniform adoption of the electronic record and signatures laws in California, Massachusetts and Iowa