phillip-rouse

Quick Contact

Rouse Frets White Goss Gentile Rhodes, P.C

Email: crouse@rousepc.com

Bar Admissions

The Missouri Bar, 1981

Education

  • University of Missouri, School of Law, J.D. 1981
  • University of Nebraska at Kearney, B.S. 1977

Experience

Phillip (Chuck) Rouse is one of the law firm’s founders and serves as a managing officer.  For the past 15 years, Chuck has practiced extensively in the area of regulatory compliance regarding payment methods, payment instruments and prepaid cards/access instruments. He has a national practice in this area regarding many facets of federal and state regulation, including laws and regulations addressing consumer protection, escheat/unclaimed property, anti-money laundering, OCC and FDIC oversight, privacy, electronic funds, and licensing, along with the rules and regulations governing the management of breakage and slippage on payment instruments and prepaid cards. His work cuts across the retail, bank, financial institution, and internet sectors. In addition, Chuck’s practice extends to general business law and commercial matters including, banking and financial services. He also has substantial experience regarding dispute resolution and commercial litigation.

Areas of Practice

  • Payments and Prepaid Instruments
  • Business Law
  • Administrative Law & Regulatory Proceedings
  • Business Litigation

Activities and Memberships

  • The Missouri Bar
  • Judicial Law Clerk, 1981-1983: William H. Becker, U.S. District Judge for the Western District of Missouri, U.S. Circuit Judge for the Temporary Court of Appeals and Special Master for United States Supreme Court for Original Action No. 79
  • Payments/Prepaid Card Industry Activities

Honors and Recognition

  • Received Trailblazers Award from National Law Journal, for Cryptocurrency/Blockchain/Fintech, 2022
  • Named Midwest Top-Rated Lawyer, National Law Journal, 2021
  • Received ICON Award from Missouri Lawyer’s Weekly, 2019
  • Voted Top-Ten Payments Lawyer, 2015
  • Received Industry Service Award – Prepaid Card Industry, 2013
  • Voted Top-Five Innovator of the Year – Prepaid Card Industry, 2010
  • Selected among The Best Lawyers In America
  • Received highest attorney ranking from Martindale-Hubbell – AV Preeminent

Representative Experience

  • Designed compliance models for 500+ Prepaid Card Programs
  • Inventor for Patent: Methods and Systems for Optimizing Escheat and Derecongnizing Prepaid Cards, Stored Value Cards, Credit Memos, and Electronic Payment Instruments
  • Founder and chairman of Card Compliant, LLC
  • Founding member and former chairman of Store Financial Services, LLC
  • Advisor: Retail Gift Card Association/Incentive Gift Card Council
  • Form member representative: National Branded Prepaid Card Association
  • Co-founder of Canadian Multi-Store Value Card Coalition
  • Legislative/Regulatory Commenter: CARD Act of 2009 and its Regulations, Durbin Amendment to Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, FinCEN Regulations on Prepaid Access, Several State Unclaimed Property of Consumer Protection Statutes, Several Canadian Federal or Provincial Regulations
  • Lobby supporter: U.S. Federal Laws and Regulations, U.S. State Laws, Canadian Federal Laws and Regulations, Canadian Provincial Laws and Regulations
  • Presenter to the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) Regarding the Accounting Standards for Derecognizing Prepaid Card Breakage and Other Forms of Unexercised Customer Rights
  • Speaker/Presenter at multiple presentations (2009 through present): Prepaid Congress Conferences; Prepaid Expo Meetings; APEX Conferences; NBPCA Meetings/Power of Prepaid Conferences; RGCA/ICCG Meetings; Motivation Show Conferences; UPPO Annual Meetings; and AFP Conference
  • Author: Revenue Recognition’s Effect on Gift Card Accounting: Are you Prepared?, Journal of Accountancy (2013); Viewpoint: What Prepaid Card Issuers Need to Know About Breakage, Paybefore (2013); Managing Gift Card Breakage, Paybefore (2010)