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Richard P. Eckman

Richard P. Eckman is a partner in the Wilmington office of Pepper Hamilton LLP. He is a finance and transactional lawyer and chairs the firm’s Financial Services Practice Group, which includes over 40 lawyers practicing in the areas of investment management, commercial and consumer financial services, public finance and affordable housing.

Mr. Eckman’s transactional practice focuses on representing financial institutions, corporations and other entities in complex financing transactions, including mergers and acquisitions, asset securitizations and other lending and venture transactions.

As a result of his background in banking, Mr. Eckman has in-depth experience and knowledge of financial services companies. He represents many financial institutions and lenders in a broad array of areas, including commercial lending, consumer finance, mortgage banking, insurance, trust matters, outsourcing and operational issues. He also represents a number of institutional trustees in Delaware business trust transactions.

Mr. Eckman also has an active practice representing non-depository institutions and specialty finance companies, and service providers in compliance matters, payment system issues, strategic transactions, government investigation and enforcement actions. He is an active speaker on new Consumer Financial Protection Bureau and its implications for the industry.

Mr. Eckman was raised in Wilmington and received his A.B. from Hamilton College, his J.D. from the Columbus School of Law at The Catholic University of America and his LL.M. from Georgetown University Law Center. Active in politics early in his career, he was campaign manager for Pete duPont’s 1976 successful gubernatorial campaign and was legislative counsel in the Washington office of Congressman Thomas B. Evans, Jr. (R Delaware) from 1977-1979. He also was one of the drafters of Delaware’s landmark Financial Center Development Act that attracted over 25 financial institutions to Delaware, many of whom he represents. He is admitted to the bars of Delaware and the District of Columbia. He was chairman of the Commercial Law Section of the Delaware Bar Association from 1989-1991 and of its Banking Law Committee from 1984-1992.

He has been counsel to the Bank of Delaware, now PNC Bank; was a founder of and vice president and general counsel for The Chase Manhattan Bank (USA), N.A.; and was a director and secretary of FCC National Bank, the national bank subsidiary of Bank One Corporation now part of JPMorgan Chase, headquartered in Wilmington. Mr. Eckman is a fellow in and former regent of the American College of Consumer Financial Services Lawyers and a member of the Lawyers Committee of the Consumer Bankers Association. He is also an adjunct professor at the Villanova University School of Law where he teaches financial institution law. He is active in and held leadership positions on the Consumer Financial Services Committee of the Business Law Section of the American Bar Association and served as editor-in-chief of its e-newsletter.

Mr. Eckman was a founder and president of the Delaware Entrepreneurs’ Forum. He is a member of the board of directors of the Delaware Innovation Fund, a nonprofit seed and preseed venture capital fund, and was chairman of the board of Early Stage East, Inc., a nonprofit that sponsors venture fairs in the Mid-Atlantic region. Mr. Eckman also is a member of the Editorial Board of the Journal of Payment Systems Law.

A.B. 1973 Hamilton College
J.D. 1977 Columbus School of Law at The Catholic University of America
LL.M. 1980 Georgetown University Law Center

Bar Admissions
Admitted to practice in Delaware and District of Columbia

Richard P. Eckman
Phone: 302.777.6560
Fax: 302.421.8390
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Practice Area(s)
Commercial Financial Services

Community Reinvestment Act
Consumer Financial Services

Corporate and Securities
Corporate Governance

Distressed Investments
Financial Services

Financial Services Enforcement Response Team
Food and Beverage Industry

Funds Services

Investment Funds Industry Group
Investment Management

Life Sciences
Marketplace Lending

Mergers, Acquisitions and Joint Ventures
Mortgage Banking

Privacy, Security and Data Protection
Private Equity

Securities and Financial Services Enforcement Group
Securitizations and Structured Finance



Marketplace Lenders Should Consider the Benefits of Securitizations

Update on the Short-Term Lending Industry: Government Investigations and Enforcement Actions

CFPB Proposals for Small-Dollar Loans: An Attempt to Kill an Industry?

CFPB to Publicly Disclose Consumer Complaint Database Narratives

CFPB Request for Information Targets Credit Card Debt Collection and Ability to Repay

True Lender Issues Cloud the Future of Marketplace Lending

FinCEN Proposes Fifth BSA Pillar

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

Federal Court Agrees with Magistrate that Whether a Tribal Lender Is a For-Profit Corporation Is a Triable Issue of Fact

The OCC’s New Stance: FDIC Insurance Required for ‘Trust-Only’ National Banks

Update on Tribal Loans to State Residents

Will New U.S. Court of Appeals Decision on ‘Recess Appointments’ Stay Dodd-Frank Powers Granted to CFPB and Vacate Certain Actions?

The New Normal: Third-Party Vendors Under the Microscope

CFPB Issues Final Ability to Repay Rule and ‘Qualified Mortgage’ Standard

CFPB Small Business Panels: What a Change in ‘Size Standards’ Could Mean

Delaware Imposes New Restrictions on Short-Term Lending

OCC to Banks: Immediately Plan for the Current Risky Environment

Convergence: Government and Class Actions Target Payment Processing Relationships

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

First CFPB SBREFA Panel Convenes

Indian Tribes Victorious in Latest Challenge to Consumer Lending Through Tribally Owned Businesses

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

CFPB to Issue Rules Requiring Registration of Certain Covered Persons Which Could Include Payday Lenders

CFPB Issues Regulatory Agenda: Brace for the New Rules and the SBREFA Process

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

The More Things Change the More They Stay the Same: OCC Issues Notice of Proposed Rule on National Bank Act Preemption and Claims It Was Right All Along

The 'Speed Bump' Amendment in Dodd-Frank: What Is It and What Does It Do?

Pennsylvania Supreme Court (with the Help of Strunk and White) Effectively Pulls the Plug on Internet Payday Lending in Pennsylvania

How the Dodd-Frank Act Affects Preemption of State Consumer Financial Laws: A Primer on Subtitle D of Title X

CFPB Transfer of Authority Set for July 2011

Comprehensive Financial Reform Legislation Becomes Law

Senate Passes Financial Services Reform Bill

Federal Reserve Board Issues Final Rule on Gift Cards

Federal Reserve Board Proposes Restrictions on Gift Cards

Court Denies Complete Preemption for State-Chartered Banks

Supreme Court Approves State Actions Against National Banks, Rejects OCC Rule

Congress Enacts Bill Regulating Credit Cards and Gift Cards

What the Alphabet Soup Means? An Update On TARP And Other Financial Rescue Attempts

Understanding and Managing Risks in a Volatile Environment

Unprecedented Changes on Wall Street: What You Need to Know

OCC Fines Wachovia for UDAP Activities of Third Parties

Regulators Propose to Regulate Credit Card and Overdraft Practices

Treasury Department Proposes Regulatory Reform

Talent Amendment Becomes Effective on October 1, 2007

Supreme Court Upholds National Bank Operating Subsidiary Preemption

Department of Defense Proposes Regulations Implementing Talent Amendment

Delaware Supreme Court: Lawyers Must Directly Supervise Disbursement of Funds in Real Estate Transactions

Congress Federalizes and Restricts High Cost Loans to Military Personnel

Regulation U: What Is It All About?

Check 21: Electronic Check Processing Made Easier

FACTA Developments

Financial Services Update - May 2004

Financial Services Update - March 2004

Financial Services Litigation and Class Action Report - January 2004

FACT Act Requires Creditors and CRAs to Help Protect Consumers Against Identity Theft

Financial Services Update - May 2003

Federal Court in Delaware Invalidates Mandatory Arbitration Clause Under TILA; Also Rules Interest Rate May Be Unconscionable

The Gramm-Leach-Bliley Act: New Privacy Provisions Become Law

The Gramm-Leach-Bliley Act: What's In It for Banks and Thrifts


Obama and McCain: What Would They Do For (Or To) You?

Treasury and FDIC's PPIP Legacy Asset Program: Are You Ready?

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

What the Financial Reform Legislation Means for You

A Closer Look at the Dodd-Frank Act - Mortgage and Anti-Predatory Lending Reform

A Closer Look at the Dodd-Frank Act - The Consumer Financial Protection Bureau

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

A Closer Look at the Dodd-Frank Act - Implications for Investment Management and Alternative Investment Markets, and for Public Companies

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

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

Preparing for the New Wave of Government Enforcement Activity in Financial Services

What You Need to Know About Working with the CFPB Supervision and Examination Process

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

Obama and Romney - What Would They Do For (Or To) You?

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

The New Normal: Taking Responsibility for Your Vendors

FIRREA: The New Weapon of Choice for Federal Prosecutors

Business to Business Lending: What You Need to Know

The 'Speed Bump' Amendment in Dodd-Frank: What Is It and What Does It Do?

What You Need to Know About the CFPB's Short-Term, Small-Dollar Lending Examination Procedures

A New World for Mortgage Banking - What You Need to Know About the CFPB's Final Qualified Mortgage Rule

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