Richard Berman Bio

Richard concentrates his practice on matters involving operations, regulation, vendor agreements, cash management, loss prevention and security, claims, litigation, lending and asset recovery for national, regional and community financial institutions, including state licensed financial services companies. Richard’s multifaceted legal experience, coupled with a strategic business sense, allows him to help his clients navigate the many complex legal and business issues that challenge their organizations. With more than 35 years of experience, including as in-house counsel for financial institutions, Richard advises clients on a wide variety of operational issues arising on a daily basis, including payments, internal and external fraud, customer claims, customer transactional issues, retail operations issues, bank security concerns, legal process, lending and vendor agreements. In addition, Richard also counsels financial institutions on matters involving the Uniform Commercial Code, Electronic Funds Transfer Act/Regulation E, National Automated Clearing House Association Rules and Expedited Funds Availability Act/Regulation CC. His flexible, integrated approach to addressing complex issues, transactions, claims, litigation and regulatory matters allows him to guide clients through the multidimensional impact of decisions including the impact upon various constituencies. Richard’s ability to assess risks from a strategic and practical view as well as his ability to communicate legal terms in a way his clients understand make him a trusted advisor. A member of the American Bar Association, Richard served on the Joint Task Force on Deposit Account Control Agreements.