Eli A. Rosenberg Featured in Wall Street Journal, Financial Regulation News Article

Baird Holm’s Eli A. Rosenberg was featured in the Wall Street Journal news article, ” Will CFPB’s Prepaid-Card Rules Target Payment Apps?” This article discusses the new regulation from the Consumer Financial Protection Bureau, and whether or not digital wallets such as PayPal Inc.’s Venmo will be covered under the new rules.

“There are a lot of providers in the digital wallet space and any one of them that has a mobile app that can store funds can be implicated by the rule,” said Eli Rosenberg, an attorney at Baird Holm with expertise in electronic banking. “They may not even realize they are about to be covered.”