STEPHEN WALLANT is an associate in the Banking and Financial Services group, which received the 2019 Chambers USA Award for Financial Services Regulation. Stephen provides regulatory and transactional advice to help financial services clients grow and maintain their business by launching new products, entering strategic acquisitions, or complying with financial regulatory objectives. Stephen’s practice focuses on payments regulatory matters, and he regularly represents licensed money transmitters and other money services businesses, payment processors, cryptocurrency administrators and other financial technology companies, as well as depository institutions and their holding companies.
Stephen’s representative matters include:
- Representing acquirers in the negotiation and drafting of transaction documentation for the acquisition of money transmitters
- Representing retailers in co-brand credit card transactions and prepaid card transactions
- Advising clients on money transmitter licensing issues on a multi-state basis
- Advising clients on the applicability of financial services regulatory schemes to various cryptocurrency products