Joseph Schuster

Joseph Schuster, Ballard Spahr partner advising banks on AI, fraud, and compliance. Adam Maarec, attorney on AI governance and regulatory issues in finance. Oren Bar-Gill, NYU law professor studying algorithmic decision-making and consumer harm. They discuss agentic AI acting autonomously with consumers, risks in personalization and collections, liability and regulatory scrutiny, and governance and model risk management.

Join Professor Arthur Wilmarth, a distinguished scholar on banking regulation, along with John Culhane, Jr., Joseph Schuster, and Ronald Vaske, who specialize in consumer financial services. They dive into landmark court cases reshaping National Bank Act preemption, arguing over the implications of the Cantero and Conti decisions. Discussions cover the nuanced analyses required under Dodd-Frank, the growing role of state law, and the strategic adjustments banks must make to navigate these changes. Expect insights into upcoming litigation and the future of compliance in banking!

Raj Date, managing partner at Fenway Summer and former CFPB leader, joins Joseph Schuster, a Ballard Spahr partner specializing in consumer finance law. They delve into the nuanced debate around bank regulation versus supervision. Date argues that banks are over-supervised, not over-regulated, citing privileges banks enjoy far outweighing their compliance burdens. The conversation tackles the detrimental effects of excessive oversight on innovation and decision-making. They highlight the urgent need for a balanced regulatory approach that adapts to technological advancements.