Elizabeth A. Murphy is a partner in the firm’s Banking & Financial Services department. She handles regulatory, compliance, corporate and transactional matters for all types of financial institutions. This includes providing advice on issues such as cybersecurity, truth-in-lending, truth-in-savings, the Real Estate Settlement Procedures Act (RESPA), electronic banking and lending limits. Elizabeth regularly assists clients in complying with evolving privacy and cybersecurity laws and regulations, as well as the challenges of cannabis banking. She also advises clients with respect to an assortment of business banking issues.
Elizabeth routinely deals with state and federal regulatory agencies such as the New York State Department of Financial Services, the New York State Office of the Comptroller, the Consumer Financial Protection Bureau and the National Credit Union Administration on behalf of the firm’s clients. She also frequently advises financial institutions on bank operations, including reviewing subpoenas, restraining notices, powers of attorney and trust agreements. In addition, Elizabeth frequently reviews vendor agreements for several financial institutions.
Elizabeth regularly provides training sessions for all types of financial institutions regarding the handling of legal process, powers of attorney, and accounts of deceased individuals.
In addition to her financial institution practice, Elizabeth also represents landlords and tenants in commercial lease transactions.