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Frank A. Mayer, III

Frank A. Mayer, III, is a partner in the Financial Services Practice Group of Pepper Hamilton LLP, resident in the Philadelphia office. Mr. Mayer focuses his practice on counseling regulated business enterprises including tax-exempt organizations, with a special emphasis on financial institutions.

Mr. Mayer's practice is in the areas of bank regulations, international banking, bank insolvency, receiverships and related business disputes, public finance and corporate finance. His clients represent an array of industries, including financial institutions, health care, real estate, telecommunications, sports, utilities and energy. Mr. Mayer also counsels business enterprises with respect to their relationships with federal, state and local governments.

Mr. Mayer’s representative financial services engagements include:

  • representing money center financial institutions, super regional banks, community banks and financial companies in connection with:
    • counseling regulatory: regulatory applications; Reg Y, Section 23A and 23B; Reg DD, Truth in Savings Act, Fair Credit Reporting Act; de novo, trust powers, financial holding companies, banking holding companies, Bank Secrecy Act, anti-money laundering, cash management, depository products, escheat, OCC, FDIC, federal reserve issues including enforcement and supervision; merger and acquisition, audit committee and governance issues; distressed debt and ORE issues; UCC Article 3 and Article 4 controversies
    • international: trade finance, global supply chain finance, structured finance and letter of credit controversies
    • public and government finance: credit enhancement, direct pay letters of credit, deposit insurance and credit insurance products including representing financial institutions in connection with transactions
  • serving as lead counsel to the receiver for the largest pre-Madoff SEC receivership in connection with a $4 billion Ponzi scheme with more than 100 financial institution victims, which has returned to date in excess of 90 percent of approved claims
  • conceiving and developing the theories of the case resulting in the federal jury handing up a verdict in excess of $32 million against a broker dealer and other financial institutions, finding them complicit and conspirators in a Ponzi scheme which damaged more than 100 financial institution victims.

Mr. Mayer began his career in private practice, and later was a partner with several Philadelphia law firms. In 1991, he joined the Federal Deposit Insurance Corporation (FDIC), where he was a senior attorney and acted as senior counsel for the Resolution Trust Corporation (RTC). His FDIC and RTC assignments included acting as a bank closing attorney, as general counsel to bank conservatorships and receiverships, the litigation of complex multi-state financial institution-related civil actions, and service on the National Bank Fraud Working Group. After six years with the FDIC, he then became a consultant with the AXA Group, counseling the company on federal and state legislation of interest to financial institutions, insurance companies and investment banking firms.

Mr. Mayer joined then-Philadelphia Mayor Edward G. Rendell’s staff and was corporate chair of the Philadelphia Law Department, where he supervised 20 deputies and a team of 225 attorneys and staff in the Commercial, Health and Human Services, Tax and Regulatory Affairs Units. Mr. Mayer then served on Mayor Rendell's gubernatorial campaign as co-chair of its Tax Policy Committee and as a member of its Finance Committee. He chaired Philadelphia Mayor Michael A. Nutter's transition team for the Office of the Finance Director, and helped lead the transition team with respect to Philadelphia’s Law Department.

Mr. Mayer serves on the Philadelphia Revenue Commissioner’s advisory board, as well as the boards of the Vidocq Society, the Delaware River City Corporation and Lorman Education Services, for which he participates in the approval of the granting of the Certificate of Banking Compliance.

Mr. Mayer was selected for inclusion on the 2004-10 and 2014 Pennsylvania Super Lawyers lists.

Mr. Mayer is admitted to practice in Pennsylvania and before the United States Supreme Court, the Pennsylvania Supreme Court, the U.S. District Court for the Eastern District of Pennsylvania, the U.S. Court of Appeals for the Third Circuit, the U.S. Court of Federal Claims and the U.S. Tax Court.



Education

B.B.A., with honors, Temple University
J.D. Duquesne University School of Law
LL.M. Villanova University School of Law
 


Bar Admissions
Admitted to practice in Pennsylvania

Frank A. Mayer, III
Partner
Phone: 215.981.4632
Fax: 215.981.4750
mayerf@pepperlaw.com
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Office(s)
Philadelphia

Practice Area(s)
Commercial Financial Services
Community Reinvestment Act

Consumer Financial Services
Corporate and Securities

Corporate Governance
Crowdfunding and Peer-to-Peer Lending

Distressed Investments
Financial Services

Financial Services Enforcement Response Team
International

International Trade Finance
Mergers, Acquisitions and Joint Ventures

Power Plant Projects
Project Finance

Securities and Financial Services Enforcement Group
Securities Enforcement and Litigation

Securitizations and Structured Finance
Sustainability, CleanTech and Climate Change Team

U.S.-India


Articles


Fear of Heights? OCC Adopts Heightened Standards for Risk Governance of Large Institutions

Sleeping Giant? OCC Wakes Up to New Focus on Merchant Processing


FinCEN Proposes Fifth BSA Pillar

Extended SEC MCDC Initiative Deadline Does Little to Lessen Urgency


One Big Misunderstanding: FDIC Clarifies that Caution on Higher-Risk Activity Is Not a Prohibition on Third-Party Payment Processor Relationships

Managing Potential Sticker Shock – Agencies Release Guidance to Prepare Banks for HELOC End-of-Draw Periods


Finding Bank Fraud Without Defrauding Bank – Supreme Court Grapples with Reach of Federal Criminal Bank Fraud Statute

Observation 1.0.1 on the Volcker Rule: With Summer Comes the First Wave — Of Guidance


Top 5 Things You Should Know About Online Direct (P2P) Lending Law and Regulations — Before You Do Anything Else!

Mortgage Banking Takes Center Stage at OCC


Claims: Government Investigations, Enforcement and Triggering Insurance Coverage Under D and O Insurance (PowerPoint)

Community Bank Alert: OCC Proposes Heightened Standards for Large Banks: How Big Is Large?


‘Heightened Standards’ for Large Banks: OCC Proposed Guidelines

Observation 1.2 on the Volcker Rule: Foreign Banking Entities – Location, Location, Location


Observation 1.1.1.1 on the Volcker Rule: Community Banks – Compliance Redux

Observation 1.1.1 on the Volcker Rule: Community Banks – Compliance


Observation 1.1 on the Volcker Rule: Community Banks – Size Does Matter

Observation 1.0 on the Volcker Rule


Pennsylvania Changes its Banking Law: Why Does it Matter?

New ‘National Examination Risk Alert’ Issued by the SEC Re: Compliance with Political Contribution ‘Pay-to-Play’ Rules in Municipal Securities


FDIC Cautions Against Deposit Insurance Assessment Fee Pass-through

OCC to Banks: Immediately Plan for the Current Risky Environment


Residential Mortgage Brokers and Originators: You Have Until Aug. 13 to Set Up Your AML Program

Convergence: Government and Class Actions Target Payment Processing Relationships


Pricing Risk - Contracting with a SIFI: Private Equity Firms, Insurance Companies, and Hedge Funds

CFPB Issues Proposed Rule on Privileged Information Obtained from Supervised Entities and House Passes Bill that Would Authorize It, But Concern Remains About Erosion of Attorney-Client Privilege


Residential Mortgage Brokers and Originators: Is Your AML Program in Place?

FDIC Focuses on Payment Processing Programs at Community Banks: Is Your Compliance Sufficiently Robust?


Consumer Financial Protection Bureau Tells Supervised Institutions Not to Worry About Waiver of Privilege

Government Announces Multi-Agency Task Force to Investigate Alleged Payments Abuses by Banks and Payment Processors


Executive Order 13563 and the United States Supreme Court’s Decision in Mayo: Impact on Current and Upcoming Dodd-Frank Rulemakings

Regulators Propose Margin and Capital Requirements for Uncleared Swaps


FDIC and Federal Reserve Issue Joint Proposed Rule on Required Crisis Planning - Step One: A Living Will

Timeframe for Compliance with the Volcker Rule


Dodd-Frank Act: Implications for the Public Finance Industry

Update to Dodd-Frank Act Rulemaking: Orderly Liquidation Authority, Including the Ability of the FDIC to Recoup Executive and Director Compensation


The Dodd-Frank Act and the Insurance Industry

FDIC Seeks Feedback on Examinations and Reports of Examination


Updates to Dodd-Frank Rulemaking, Including Orderly Liquidation Authority and Volcker Rule Conformance

FDIC Approves Final Rules on Insurance Fund Assessments


Federal Regulators Propose New Reporting Requirements for OTS-Regulated Savings Associations and Savings and Loan Holding Companies

Pricing Risk: Title II of the Dodd-Frank Act - Orderly Liquidation Authority


In Good Times and Bad, Companies Must Guard Against Embezzlement

The Effect of the Dodd-Frank Wall Street Reform and Consumer Protection Act on Municipal Securities Law


Comprehensive Financial Reform Legislation Becomes Law

Senate Passes Financial Services Reform Bill


Investments in U.S. Financial Institutions by Business Enterprises Domiciled in India

Federal Reserve Board Issues Final Rule on Gift Cards


Federal Reserve Board Proposes Restrictions on Gift Cards


Articles


Suspicious Activity Reporting (SAR) under the Bank Secrecy Act and Anti-Money Laundering: What You Need to Know About the Safe Harbor and Limitations to Immunity

New Lending Regulations: A Practical Guide for Community Banks


The Volcker Rule and Foreign Banking Entities – Location, Location, Location!

Underwriters, Universities and Government Debt Issuers Face a Critical Deadline


The Volcker Rule: Ensure Your Bank Is Compliant

Federal Reserve Enhanced Prudential Standards and Implementation Plans: Practical Guidance for Foreign Banking Organizations


A Closer Look at the Dodd-Frank Act - Public Finance and the Dodd-Frank Act

A Closer Look at the Dodd-Frank Act - The Dodd-Frank Act One Year Later: What's New and What to Expect


Anti-Money Laundering Requirements for Residential Mortgage Originators and Brokers: What You Need to Know Now

Consequences of Regulatory Scrutiny of Overdraft Protection Programs


Civil Investigative Demands, Subpoenas and More: How to Prepare for the Government's Renewed Focus on Financial Services

Is the Attorney-Client Privilege Under Attack by the CFPB?


FIRREA: The New Weapon of Choice for Federal Prosecutors

The Consumer Financial Protection Agency Act: What Does It Mean to You?


A Closer Look at the Dodd-Frank Act - Systemic Risk and the Role of Federal Regulators

A Closer Look at the Dodd-Frank Act - The Dodd-Frank Act and the Insurance Industry


What the Financial Reform Legislation Means for You


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