Experience List
DWT
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Admitted to Practice

  • District of Columbia, 2010
  • New York, 2009

Languages

  • French

Peter T. Luce

LucePeter
Associate
T202.973.4251
F202.973.4499
M202.380.8913
Peter Luce counsels clients on financial regulatory and transactional issues related to all aspects of consumer payment products and services, including credit, debit, prepaid, gift card, virtual wallets, virtual currencies, and other emerging payment platforms and solutions. Peter’s prior enterprise software industry experience informs his approach to meeting the financial, technical and business needs for clients that include the nation’s leading financial institutions, global technology companies, payments start-up and venture-stage companies, and consumer loyalty platforms.

Peter represents clients on agreements involving credit and debit card issuance, credit card loan origination and marketing agreements, payment processing, virtual wallet technologies, and virtual and digital currency issuance. In addition, Peter counsels clients on federal and state law compliance with various financial, privacy, and consumer protection laws and regulations, including the Electronic Fund Transfer Act, the Bank Secrecy Act and related FinCEN regulations, federal and state money transmitter laws, Unfair, Deceptive and Abusive Acts and Practices (UDAAP) issues, the Fair Debt Collection Practices Act and state debt collection laws, the Federal Trade Commission Act, the Fair Credit Reporting Act, the Gramm-Leach-Bliley Act, and international remittances. Peter also advises clients on payment network rules, including Visa and MasterCard rules.

Peter is an editor and frequent contributor to the DWT Payment Law Advisor, a site designed to provide insight, commentary, and resources on developments in the payment industry. He is also a contributor to the DWT Privacy and Security Blog.

Representative Experience

Credit card network agreements

Representing credit card issuers in connection with agreements with retailers, marketing companies, and payment platform providers for debit and credit card portfolios, including general purpose, co-brand, and private label agreements. (Ongoing)

Prepaid and gift card regulatory compliance

Counseling financial services clients on federal and state compliance issues related to loyalty and rewards programs and marketing collateral for payment-related consumer offerings. (Ongoing)

Payment network rules compliance

Advising clients, including acquirer-processors, issuers and merchants, on payment network rules and regulations, including card acceptance, rules enforcement, and other network obligations and liabilities. (Ongoing)

Mobile payments

Advising clients on regulatory and payment network rules compliance regarding emerging mobile payment products and related services. (Ongoing)

Virtual currencies

Advising clients on state and federal regulatory aspects of Bitcoin and other emerging virtual currency technologies. (Ongoing)

Consumer protection, marketing, and privacy, and anti-money laundering

Counseling clients on web and mobile payment regulatory compliance matters, including FFIEC compliance, the Fair Credit Reporting Act, the Gramm-Leach-Bliley-Act, the Fair Debt Collection Practices Act, federal and state money transmitter laws, UDAAP, and the Bank Secrecy Act. (Ongoing)