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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.

Practice Areas

Industries

Admissions

  • New Jersey
  • New York

Education

  • J.D., Maurice A. Deane School of Law at Hofstra University, cum laude, 2012
  • B.A., Siena College, magna cum laude, 2009

Representative Experience

  • Aided various financial institutions with a complete review of record retention schedules.
  • Assisted several financial institutions with implementation of various cash management services.
  • Advised several financial institutions on compliance with major changes to New York power of attorney laws.
  • Assisted various companies in the implementation of GDPR-compliant policies, procedures and processes.
  • Assisted various financial institutions with implementation of legal processing procedures in compliance with both New York State Exempt Income Protection Act and federal garnishment rules.
  • Worked with several financial institutions on meeting the origination and servicing requirements imposed by the Dodd-Frank Act and its implementing regulations.

Professional and Community Activities

  • Member, New York State Bar Association, 2013 – Present
  • Member, American Bar Association, Banking Law Committee, 2013 – Present

Honors and Awards

  • Managing Editor of Articles, Hofstra Law Review, 2011-2012

Publications

  • Cybersecurity Regulation for Financial Services Companies: New York State Leads the Way (Journal of Taxation and Regulation of Financial Institutions, Summer 2017)

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