Richard Q. Lafferty

Of Counsel

Areas of Experience

Services
Banking, Credit & Financial Services
Industries
Banking

Education

Wake Forest University, JD, 1987

University of North Carolina, BA, 1974

Professional and Community Activities

American Bar Association
North Carolina Bar Association
Mecklenburg County Bar
North Carolina Bankers Association Bank Counsel Committee, Past Chair

Jurisdictions Licensed

301 S. College Street, Suite 2300, Charlotte, NC 28202	t: 704.342.5269	\|	email
	f: 704.342.5264	\|	vcard

Richard has almost 25 years of experience helping financial institution clients of all sizes (some spanning multiple states and countries) with a broad range of complex legal matters, including the development of new products and services, operational issues, merger transitions, and the drafting and negotiating of numerous types of contracts and forms.

Representative Experience

Experienced in banking related laws including Regulations DD (Truth in Savings), E (electronic fund transfers), CC (funds availability/check collection), and D (reserves/deposit classifications); FDIC insurance regs; Fair Credit Reporting Act; USA PATRIOT Act; Electronic Signatures Act; and various state laws including UCC Articles 3, 4 and 4A
Extensive knowledge of checking, savings and CD accounts, Health Savings Accounts, asset management sweep accounts, and services such as online and mobile banking, telephone banking, debit cards, ATMs, new payment technologies, night deposits, Deposit Account Control Agreements (DACAs), and numerous types of business treasury/cash management services including ACH, wire transfers, and Remote Deposit Capture

read all representative experience

Prior Legal Experience

Richard began his career as an Associate with McGuire, Woods, Battle & Boothe in Richmond, Virginia from 1987 to 1988. Prior to joining Poyner Spruill in 2007, he worked as an Attorney for Bank of America Corporation in Charlotte for 19 years, the last 10 as Assistant General Counsel.