Peer-to-Peer Applications and Regulatory Concerns

Thank you for your interest in our webinars! To access this presentation, please login at the top of the page. If you are not a registered member but are interested in our services, please contact [email protected].

CE Credits: 1.25 CRCM

Description: Join us for this webinar’s insight into key regulatory concerns as it relates to P2P services. Impacts for your financial institutions can include bank operations and subsequent potential bank liability. This webinar will discuss the major P2P services currently available, including bank partner services like PopMoney and Zelle.  You will learn about the key regulatory concerns as well as discuss issues like fraud and Regulation E error resolution liability. Lastly, we will conclude with some contractual provisions with P2P providers and the potential impacts to real time payments on P2P services.

Key takeaways include:

  • Importance of adoption of payment system policies and procedures centering around risk management
  • Operational concerns with adopting bank partner services like Zelle or PopMoney
  • Risks to banks and customers of non-bank payment services versus bank provider services.

People who should attend: Operations, Compliance Professionals, Payment Processing Department personnel, BSA/AML compliance professionals

Presenter: Elizabeth K. Madlem, JD, Vice President of Compliance Operations and Deputy General Counsel

Elizabeth is the Vice President of Compliance Operations and Deputy General Counsel at Compliance Alliance. In the past, she served as both the Operations Compliance Manager and Enterprise Risk Manager for Washington Federal Bank, a $16 billion dollar organization headquartered in Seattle, WA. She has industry expertise and real-world solutions surrounding bank-enterprise initiatives and knowledge of contract law and bank regulatory compliance. An attorney since 2010, Elizabeth was a Summa Cum Laude, Phi Beta Kappa, Delta Epsilon Sigma graduate of Saint Michael’s College in Burlington, VT, and a Juris Doctor from Valparaiso University School of Law in Indiana.

As the Vice President of Compliance Operations, Elizabeth will be overseeing C/A’s day-to-day operations of the Hotline, as well as leading our Education initiatives. Elizabeth plays an important part in all operational areas of C/A.