John Kromer and Walter Zalenski Interviewed in Bloomberg Government: "Clearing a Path in the States for Financial Technology Companies"John P. Kromer, Margo H.K. Tank, Walter E. Zalenski
Partners John Kromer and Walter Zalenski were quoted extensively in the July 10, 2014 Bloomberg Government article, "Clearing a Path in the States for Financial Technology Companies."
Those laws, technology-neutral on their face, can have sweeping coverage, said Walter Zalenski, another Buckley Sandler partner.
“Oftentimes the plain language means you would find something as simple as a merchant issuing gift cards potentially covered by state money transmitter laws,” Zalenski said.
The nature of the business often answers that question right away, said Buckley Sandler Co-Managing Partner John Kromer.
“The ubiquity of the technology almost dictates 50-state coverage,” Kromer said June 5. “If you don't play in all 50 states you're not going to be in the game.”