WEBINAR: Overview of Legal and Regulatory Issues of Payments Processors in the Debt Settlement Industry

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On Wednesday, October 28, 2020, at 2pm EST/11am PST, Bianca Petcu of Shipkevich PLLC will moderate a discussion between Felix Shipkevich, Principal of Shipkevich PLLC, and Sanj Goyle, Co-founder and CEO of Finxera, regarding the role of payment processors in the debt settlement space. The conversation will focus on an overview of the various state regulators, state and federal laws that payment processors in the space must consider, and enforcement and regulatory actions that have also shaped the way payment processors conduct business in the debt relief space.


  • Statutory definitions of money transmitter

  • Regulatory framework for using an escrow/payments processor in debt settlement

    • Telemarketing Sales Rule

    • Federal and State Laws

  • Consumer impact of using an escrow/payments provider

  • Enforcement and regulatory actions regarding payment processors

  • Impact of Covid-19 on the payment processors


  • Sanj Goyle, Co-founder and CEO of Finxera
  • Felix Shipkevich, Principal of Shipkevich PLLC


  • Bianca Petcu, Associate Attorney at Shipkevich PLLC


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