Sean Ruff Email & Phone Number

Palo Alto, Ca, Us

My practice focuses on advising emerging and established fintech companies, financial services companies and financial institutions on complex regulatory and transactional matters. I have significant experience with funds transmission and related compliance initiatives, non-bank lending structures and compliance, anti-money laundering and terrorist financing issues under the federal Bank Secrecy Act/anti- money laundering regulations, traditional and emerging electronic payments and payment cards, the Electronic Fund Transfer Act (Regulation E), gift card/prepaid access/stored value matters, virtual currency issuance and transmission, the Electronic Signatures in Global and National Commerce Act (the E-Sign Act), and consumer financial services.A significant portion of my practice consists of counseling clients on the laws and regulations affecting non- bank money transmitters (including domestic and cross-border funds transmitters, stored value issuers and other funds movement intermediaries) and non-bank lenders across a wide variety of lending constructs. I have led multiple money transmitter and non-bank lender licensing initiatives, including nationwide licensing and change of control efforts, as well as licensing and compliance matters before state agencies.In addition, I advise on matters relating to US financial services laws, including consumer lending issues under the Truth in Lending Act and the Equal Credit Opportunity Act, state lending and usury laws, the Gramm-Leach-Bliley Act and state and federal prepaid access/stored value/gift card laws.

San Francisco, Ca, Us

San Francisco, California, Us

Primary areas of practice:o State money transmitters and federal money services businesses (MSB), including: state money transmitter licensing and compliance issues; the regular representation of funds transmitters, stored value issuers, Internet funds transmitters and others with regards to licensing and compliance matters before state agencies; Electronic Fund Transfer Act (“EFTA”) and Regulation E (Remittance Transfer Rule); the Bank Secrecy Act and FinCEN regulationso Payment card transactional matters, including: the negotiation of co-brand and private label credit card agreements, prepaid card agreements and merchant agreementso Prepaid access, including: EFTA and Regulation E; compliance with state gift card and gift certificate laws and regulations; compliance with state unclaimed and abandoned property laws (escheat issues); and Bank Secrecy Act and FinCEN regulations, including compliance with FinCEN’s Prepaid Access Ruleo Issues pertaining to mobile payment and other non-traditional electronic payment systemso Issues related to state retail installment sales account (RISAs) programs (both national and regional) in the context of revolving charge accounts and single retail installment contract transactionso Other financial services issues, including: National Bank Act issues; consumer lending issues under the Truth in Lending Act and the Equal Credit Opportunity Act; state lending and usury laws; the Gramm-Leach-Bliley Act; and the Dodd-Frank Wall Street Reform and Consumer Protection Act

Jd, Law

Ba, Political Science