Paul Hastings Payments Expert Testifies Before Senate Banking Committee
Washington, DC (July 13, 2012) - Paul Hastings LLP, a leading global law firm, announced today that
"Emerging technologies are creating opportunities for financial institutions, merchants and consumers to reinvent commerce," Mr. Brown said in his testimony. "This innovation is taking place against the backdrop of a very complex regulatory regime, and although it is possible to imagine ways in which the regulatory burdens facing firms in the area could be reduced (particularly in the area of state-by-state licensing requirements), this emerging industry does not appear to need any new regulation," he added.
Mr. Brown's practice focuses on competition law and legal issues affecting the financial services industry. In addition to strategically advising payment systems and financial services clients across a broad spectrum of regulatory issues, he has litigated notable antitrust cases, including class actions, in the financial services industry for more than fifteen years.
Mr. Brown previously served as Vice President, Senior Counsel at Visa U.S.A. Inc. There he was responsible for managing the aftermath of the settlement in In re Visa Check/MasterMoney Antitrust Litigation, including the dozens of consumer class actions that were filed following the settlement. He was also deeply involved in the company's transformation from a co-op to a shareholder owned company.
Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.