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Patel Presents “State Regulation of Financial Technology” Webinar

October 19, 2016

O’Melveny partner Bimal Patel will present a Bloomberg BNA webinar titled “State Regulation of Financial Technology” on October 19, 2016. The webinar will focus on key developments at the state level impacting financial technology (FinTech) companies, with an emphasis in alternative and emerging payment systems and marketplace lending.

Innovations in network technology combined with social trends toward mobile-first and online commerce are dramatically changing business models across numerous sectors of the financial services industry, leaving governmental agencies to adapt in response to new business models. This has led to an increasingly complex regulatory environment for FinTech companies.

The webinar will address:

  • Recent state-level regulatory and oversight developments in emerging payments and marketplace lending
  • The interplay between federal and state regulation
  • A recent proposal for a limited-purpose federal FinTech charter and what to expect from future developments
  • Federal- and state-level initiatives and the regulatory climate in the states and in Washington

Patel is the Head of O’Melveny’s Financial Advisory and Regulation Practice and specializes in matters related to financial services, public policy, and political strategy. He represents major financial institutions and their counterparties, including sovereign wealth funds, hedge funds, and private equity funds, in high-stakes complex transactions, litigation, and matters before the federal banking agencies and the Department of the Treasury.