Financial Services Newsletter - 09/02/15
> Message From Laura Dorman, Financial Services Committee Chair  
> Annual Meeting 2015  
> CFPB General Counsel Roundtable 2015  
> Legal Quick Hits  
> Applause! Applause!  
> Networking Events  
> Sponsor Highlight  
> Leadership  
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Updates From ACC Committees

Message From Laura Dorman, Financial Services Committee Chair

Welcome! On behalf of the other members of the Financial Services Committee leadership team, we want to thank you for being a part of the FSC.  We have enjoyed meeting so many of you, and look forward to continued interactions.  

As always, our goal is to provide the best resources, educational programs and networking opportunities to our committee members.  We have had some terrific  Legal Quick Hits and Webcasts, including presentations on Data Breaches: Financial Impact, Insurance and Disclosures in the United States; The Stakes Get Higher: Hot Topics in FINRA Enforcement; Attorney-Client Privilege for US In-house Counsel; and Internet and Mobile Law and Litigation Trends in the US.  Coming up on August 26, we will present “But I Thought It Was No Big Deal:  Regulatory Traps for the Unwary Financial Services Firm.”  We hope you will join us for that on August 26.

One of our objectives is to increase the overall active participation of our members by providing events and materials that are valuable to you.

·      Our Committee, in conjunction with the Real Estate Committee, has arranged a meeting in Washington, D.C., with the CFPB and then with legislators on Capitol Hill. The CFPB meetings will be on September 24 and the meetings with Capitol Hill on September 25.

·      We have started a column in this newsletter called “Applause, Applause.” We invite you to submit a snippet about your latest career moves, honors, or other interesting developments in your life.

·      Some of our members have organized networking events in their cities. These may be sponsored by our wonderful sponsor, Greenberg Traurig, or you can go it alone. We will help you coordinate the event, and we will prepare the invitations and send invites to FSC members in your town. All you have to do is pick a date, time and place. If you want to connect with your in-house colleagues near you, please let us know. Our members who have attended these get-togethers have raved. Send us a quick email and you’re on your way.

There are many other exciting ways to participate in the FSC, from our sponsored programs at the ACC Annual Meeting to our monthly meetings featuring Legal Quick Hits. These programs are designed to provide you with the most relevant, up-to-date information to assist your in-house practice.  We welcome any comments or suggestions from our members, and we encourage you to contact us at or at

Laura Dorman

Financial Services Committee Chair
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Annual Meeting 2015

The ACC Annual Meeting will take place October 18-21, 2015 at the Hynes Convention Center in Boston, Massachusetts.  Our Committee will host a luncheon and our member meeting on Tuesday, October 20, at 12:45 pm. To register for the luncheon, select the Financial Services Committee lunch option when you register for your courses and meals.  Please join us and meet your colleagues!

At the Annual Meeting, the FSC is also proud to sponsor the following programs:

Explanation, Regulation and Litigation of Virtual Currencies

Virtual currency is growing in use and recognition.  Major entities, such as Microsoft, are beginning to recognize and accept Bitcoin payments, but most in-house counsel have little familiarity with virtual currency.  Learn what it is, how it functions, how it may impact your clients and what domestic and international regulatory and enforcement regimes and issues – including enforcement actions and criminal prosecutions – have arisen from the evolving world of virtual currency.  We will explain and explore the answers to these questions and demonstrate a Bitcoin transaction.

A View from the Hot Seat: Data Breaches and What to Do Now to Make it Easier When It Happens to You

When a significant data breach happens, first responders face significant challenges under extreme pressure.  This panel will provide an overview of the current environment in which data breaches are addressed in litigation and regulatory investigations.  The panelists will walk you through what happens behind the scenes when a potential breach is identified, investigated and notified and the ensuing regulatory investigations and class action litigation proceedings.  Having provided a real-world perspective, the panel will then discuss effective ways to prepare now, so that your company is ready to handle a breach situation well.  Panelists will provide concrete examples of measures taken in advance of a breach that make a difference when it happens, including evaluating exposures, reserving and insurance to protect the bottom line; managing vendors and coordinating with others when sensitive data is shared and effective ways to keep your board informed about cybersecurity.
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CFPB General Counsel Roundtable 2015

In conjunction with the ACC Legal Strategy and Advocacy Group, the Financial Services and Real Estate Committees are excited to announce that the CFPB will be hosting an ACC Roundtable with our members to discuss a wide array of current regulatory issues.  We are very excited that Meredith Fuchs, the General Counsel of CFPB, and representatives from the CFPB Office of Regulations and Office of Supervision Policy will be in attendance.  The Roundtable has been scheduled for September 24, 2015 from 1:00 pm to 3:00 pm.  There will be a preparation meeting in the morning of September 24, starting at 9:00 a.m. 

The ACC will host a pre-meeting the morning of September 24th for in-house counsel attendees to discuss hot-button issues and hear from leading consumer finance counsel, and we will have a dinner for attendees that evening.  We also have arranged a meeting with the staff from the Senate Banking Committee on the morning of September 25th.   

We look forward to seeing your participation next year.

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Legal Quick Hits

The FSC hosts member calls typically the fourth Wednesday of every month at 3 pm ET to provide an opportunity to engage with the leadership, to learn about opportunities, and to join Legal Quick Hit presentations from experts with experience in financial services.  Legal Quick Hit presentations are 20-45 minutes in length and cover hot topics that impact our clients.  We look forward to welcoming all members to our meetings.  Missed the call?  No problem!  You can catch up on any FSC announcements, events and Legal Quick Hits you missed here.
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Applause! Applause!

Laura Dorman, AGC of Berkeley Research Group, is serving as Vice Chair of the State Bar of California’s Financial Institutions Committee, Business Law Section.

Have you started an exciting new position or been promoted?  Do you know a fellow FSC member that deserves accolades?  We would like to feature all of the great accomplishments of our members in our upcoming quarterly newsletters.  Contact us at

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Networking Events

On August 6, Financial Services Committee members in the Los Angeles area attended a CLE and Networking Breakfast at the offices of our sponsor, Greenberg Traurig LLP.  Members of the firm joined 10 ACC members in a lively roundtable discussion covering Hot Topics in Financial Services Litigation.  The topics discussed include recent and anticipated Supreme Court decisions affecting financial services companies.  The group also shared their perspectives on the compliance challenges facing financial companies in the current litigation and regulatory climate. 

GT will be hosting a series of future events in the Los Angeles area over the coming months.  Keep your eye out for details soon!

Do you have an idea for a micro-networking event or would you like to host a FSC Micro-Networking Happy Hour in your area?  Let us know! Contact us at
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Sponsor Highlight

Join our sponsor, Greenberg Traurig, LLP for an upcoming Legal Quick Hit on September 23, 2015 at 3:00 PM ET on "The Supreme Court’s Next Term: What May Be In Store for Financial Services Litigation" presented by Jennifer Gray, Shareholder, Greenberg Traurig. 

Greenberg Traurig, LLP is the 2015 sponsor of the FSC. Greenberg Traurig is an international, multi-practice law firm with approximately 1,800 attorneys serving clients from 37 offices in the United States, Latin America, Europe, Asia, and the Middle East.  The firm is among the “Power Elite” in the 2014 BTI Client Relationship Scorecard report, which assesses the nature and strength of law firms' client relationships.  For additional information, please visit or follow us on Twitter, Facebook, LinkedIn.

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Chair: Laura Dorman, Berkeley Research Group, Director & Associate General Counsel

Vice-Chair: Miriam Lefkowitz, Summit Financial Resources, Inc./Summit Equities, Inc., Chief Legal Officer/Chief Compliance Officer  

Secretary: Christina Rogers, Union Bank, N.A., Senior Counsel

Communications Co-Chair: Allison Cambria, Deutsche Bank AG, Vice-President and Counsel

Communications Co-Chair: Rebecca Fox, LendingClub, Associate General Counsel  

Membership Chair: Rebecca Fox, LendingClub, Associate General Counsel  

Membership Chair: Christina Rogers, Union Bank, N.A., Senior Counsel  

Program Chair: Stephen Herbes, Konica Minolta Business Solutions U.S.A., Inc., Corporate Counsel & Compliance Manager  

Program Chair: Howard Lindenberg, Freddie Mac, Managing Associate General Counsel  

Immediate Past Chair: Timothy Kuhman, The Kingdom Trust Company, General Counsel  

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