Associate
Kristin S. Teager
- Banking and Financial Services
KRISTIN S. TEAGER is an associate in the Banking & Financial Services group and represents a range of depository institutions, their holding companies, payment processors, technology providers, prepaid program managers, virtual currency businesses, money transmitters and retailers in connection with the provision of payments products and other financial services. Kristin advises on a range of federal and state regulatory issues and assists banks, retailers and fintech organizations in structuring their products to advance their business goals and meet their regulatory obligations. Kristin’s practice includes negotiating and drafting complex commercial agreements, with a focus on the provision of financial services through strategic partnerships and joint venture arrangements, including private label and co-brand credit card program agreements, servicing agreements, and payment processing agreements.
Experience
- Representative Matters
Representative banking and fintech matters include:
- Assist banks, retailers and affinity brands negotiate and draft private label and co-branded credit card agreements governing billions of dollars of credit card receivables.
- Advise payment processors, payment facilitators, marketplace platform providers and their investors on state licensing issues and regulatory requirements associated with their roles in payment transactions. This includes providing guidance on structuring relationships to avoid licensing concerns and lessen regulatory burdens.
- Advise and represent virtual currency platform start-ups on all aspects of their services including evaluation of regulatory issues, state licensing, interfacing with state regulatory agencies, and creation of their customers agreements, disclosures, anti-money laundering procedures and other corporate policies.
- Provide day-to-day compliance advice to banks, holding companies and banking subsidiaries on a range of regulatory requirements including investment authority, fiduciary requirements, anti-money laundering issues and consumer compliance.
- Obtain regulatory approvals for the acquisition of state-licensed money services businesses on a nation-wide basis.
Capabilities
SERVICES AND INDUSTRIES
- Banking and Financial Services
- Anti-Money Laundering
- Blockchain
- Business Transactions Involving Financial Institutions
- Consumer Financial Protection Bureau
- Dodd-Frank Reform Act
- Electronic and Mobile Commerce
- Financial Industry and Payment Processing
- Financial Information and Privacy Law
- Financial Institutions Counseling
- Financial Services Legislation
- Fintech
- Global Financial Services
- International Financial Institutions in the U.S.
- Payments
- Retail Financial Services
News & Insights
Credentials
Admissions & Certifications
- District of Columbia
- New York
Education
- University of Pennsylvania Law School, J.D., 2015 (summa cum laude, Order of the Coif)
- University of North Carolina - Chapel Hill, B.A., 2011 (summa cum laude)