Clark Hill Attorney, Thomas A. Brooks, Featured in Legaltech News, "Apple Faces New Regulatory Reality with Credit Card Launch"
WASHINGTON, D.C. - Clark Hill Attorney, Thomas A. Brooks, Featured in Legaltech News, "Apple Faces New Regulatory Reality with Credit Card Launch."
The American multinational technology company, Apple, plans to branch out from retail and offer financial services which is involve a large number of state and federal regulations.
Brooks states, "They are now in a regulated industry. Before Apple was a retailer that offered a lot of services and products and provided a payment mechanism. Now, they must comply with a variety of banking requirements."
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Thomas A. Brooks concentrates his practice in financial services issues and represents clients before state and federal financial institution regulatory agencies as well as before Congress and the Executive Branch of government. His practice includes a wide variety of matters, including directors and officers liability issues, Dodd-Frank Act mandates, corporate governance requirements, BSA/AML issues, new financial services products, e-commerce, mergers and acquisitions, and a variety of other legislative and regulatory issues.