Andrew Lorentz focuses on the retail financial services sector, emphasizing payments and billing issues. He is particularly knowledgeable regarding mobile and other electronic payment systems and is a frequent speaker on these topics at industry events. Mr. Lorentz's clients include major banks and other financial institutions, global technology companies, and international retailers, which he counsels on financial regulation, billing and payment systems issues. Mr. Lorentz also has extensive experience with a wide variety of other transactions and regulatory matters both in the United States and abroad.
Mr. Lorentz's experience includes the full range of consumer protection issues and regulatory law in retail financial services, including the Electronic Fund Transfer Act, Regulation E, Truth-in-Lending, Regulation Z, the Fair Debt Collection Practices Act, the Federal Trade Commission Act, the Fair Credit Reporting Act, the Gramm-Leach-Bliley Act, federal and state banking regulation, state money transmission and licensed lending laws, payment network rules, unclaimed property laws, the Bank Secrecy Act, FDIC insurance, and E-SIGN.
Practice Highlights- Negotiating and documenting agreements for major financial institutions for the offering of mobile payments and remittances
- Advice on compliance with state and federal consumer protection and credit laws and structuring, negotiation, and documentation of payments and banking agreements and infrastructure for a major peer-to-peer lending website
- Regulatory advice and negotiation of payroll, trust, and related services agreements with a payroll processor and card issuer for an employer-sponsored payroll card
- Regulatory advice and negotiation of mobile banking and remote deposit capture solution for major wireless carrier
- Advice and counseling to a major Internet service provider on consumer protection and compliance with Payment Card Industry Data Security Standards
- Advice and counseling on the structure and documentation of national educational rewards and savings programs for a national online rewards program and a major nonprofit foundation
- Structuring and documenting agreements for the purchase of billing and payment systems infrastructure for the provision of international SMS messaging services
- Representing Davis Wright Tremaine on the NACHA Internet Council
- Assisting new payments entrants with state licensing, chartering, and related proceedings with numerous state banking departments