Law Commons^™

Data Privacy Issues In West Virginia And Beyond: A Comprehensive Overview, Jena Martin

Consumer Law Scholarship

This white paper was commissioned by the Center for Consumer Law and Education, a joint initiative launched by West Virginia University and Marshall University to “coordinate the development of consumer law, policy, and education research to support and serve consumers.”

As such, this paper has a dual purpose. First, it provides a comprehensive overview of the many different legal issues that affect data privacy concerns (both nationally and in West Virginia). Second, it documents and discusses the result of a survey and specific focus groups that were undertaken throughout the fall of 2019 into January 2020 where individuals within the …

Predatory Fintech And The Politics Of Banking, Christopher K. Odinet

Faculty Scholarship

With American families living on the financial edge and seeking out high-cost loans even before COVID-19, the term financial technology or “fintech” has been used like an incantation aimed at remedying everything that’s wrong with America’s financial system. Scholars and supporters from both the public and private sector proclaim that innovations in financial technology will “bank the unbanked” and open new channels to affordable credit. This exuberance for all things tech in finance has led to a quiet yet aggressive deregulatory agenda, including, as of late, a federal assault via rulemaking on the ability of states to police the cost …

Banking Supervision On The Financial Status Of Opening Account Demander, Prof. Faeq Al-Shamaa

UAEU Law Journal

Opening a banking account has become a widespread phenomenon. Number of people who open accounts has increased over the past few years due to the advantages of this operation. However, on the other hand, there are lots of risks which are indispensably connected with this operation. This study concerns with ability of the bank to supervise financial status of the customers. It firstly deals with legal base of banking supervision on the personal status of the account holders, and legal justifications of this supervision. The study deals as well with the extension of duty of the bank to control personal …

Peran Perbankan Dalam Pencegahan Dan Pemberantasan Tindak Pidana Narkotika, Muhammad Zulamanah Isnaem

"Dharmasisya” Jurnal Program Magister Hukum FHUI

Narcotics crimes have become a tremendous problem for now. Narcotics crime continues to grow in every country, including Indonesia. With the globalization of banking, through the banking system, funds from the proceeds of narcotics crime, moving or moving beyond the state jurisdiction using bank secrecy issued by the banks. The role of Banks in the Prevention and Eradication of Narcotics Crimes must carry out the principle of customer due diligence. This is very useful to find out the latest position for users of banking services. There fore the role of the implementation of CDD is very broad, both in terms …

Congress, Don't Rush Regulating Crypto (Opinion), Angela Walch

Faculty Articles

A sprawling infrastructure bill is the wrong venue for regulating an industry as complex and systemically important as crypto.

Show Me The (Data About The) Money!, Nizan Geslevich Packin

Utah Law Review

Information about consumers, their money, and what they do with it is the lifeblood of the flourishing financial technology (“FinTech”) sector. Historically, highly regulated banks jealously protected this data. However, consumers themselves now share their data with businesses more than ever before. These businesses monetize and use the data for countless prospects, often without the consumers’ actual consent. Understanding the dimensions of this recent phenomenon, more and more consumer groups, scholars, and lawmakers have started advocating for consumers to have the ability to control their data as a modern imperative. This ability is tightly linked to the concept of open …

Federal Corporate Law And The Business Of Banking, Morgan Ricks, Lev Menand

Vanderbilt Law School Faculty Publications

The only profit-seeking business enterprises chartered by a federal government agency are banks. Yet there is barely any scholarship justifying this exception to state primacy in U.S. corporate law.

This Article addresses that gap. It reinterprets the National Bank Act (NBA) the organic statute governing national banks, the heavyweights of the financial sec- tor-as a corporation law and recovers the reasons why Congress wrote this law: not to catalyze private wealth creation or to regulate an existing industry, but to solve an economic governance problem. National banks are federal instrumentalities charged with augmenting the money supply-- a delegated sovereign privilege. …