Does anyone know if, under the new Regulations governing credit cards, a law firm or accounting firm can automatically charge a credit card if payment for services isn't received within 60 days? How does a retainer agreement have to read and what type of notification is needed to do this? Does a Merchants Agreement address this? Thank you for your help.
I don't think anything in the CARD Act (that's what you're referencing, right?) touches on this. It would seem to me that whatever wording is included in your retainer agreement with the firm would be sufficient. Of course, if you get charged and then never receive any services, you could always request a chargeback.
