Amber Hay represents banks and nonbank financial services companies with a wide range of bank regulatory matters, including matters within the supervisory jurisdiction of the Federal Reserve Board, the OCC, the FDIC, the CFPB, and FinCEN, as well as state bank regulatory agencies.

Prior to joining the firm, Ms. Hay was a senior attorney at the Board of Governors of the Federal Reserve System in the Legal Division's Bank Regulatory and Policy Group, where she reviewed acquisition, divestiture and activity proposals of financial institutions under the various banking laws, including the Bank Holding Company Act, Change in Bank Control Act, Home Owners' Loan Act, the Dodd-Frank Act, and the Federal Reserve Act.

While at the Federal Reserve Board, Ms. Hay was also seconded to the US House of Representatives, Financial Services Committee, where she advised Congress members on the implications of banking legislation.

Experience

  • First Citizens BancShares on its pending all-stock merger of equals with CIT Group, creating the 19th largest bank in the United States based on assets.
  • Numerous financial institutions on a variety of mergers and acquisitions, including public company mergers.
  • Banks and broker-dealers regarding sweep deposits and brokered CD programs. Developing and documenting bank deposit products and broker sweep arrangements.
  • US and foreign financial firms and institutions on compliance with state banking laws and regulations, including but not limited to laws related to consumer protection, cybersecurity, safety and soundness, money service business, and laws regulated to services tailored to virtual currencies and other digital assets.
  • Banks on investments in and acquisitions of FinTech companies, finance businesses, broker-dealers, and investment advisers.
  • US and foreign banks on Volcker Rule and merchant banking rule compliance in structuring joint ventures, investment programs and private fund products.
  • Board of directors on corporate governance matters and enforcement proceedings brought by the New York State Department of Financial Services and NCUA.
  • Trade association regarding advocacy related to disclosure of Home Mortgage Disclosure Act itemized loan-level data.

Recognition

Bloomberg Law
They've Got Next: Fresh Faces to Know in Banking and Finance (2021)
Law360
"Rising Star"Banking (2019)
Women in Housing & Finance's "40 Under 40" 2019

Credentials

Education
  • JD, Corporate Law, University of Michigan Law School, 2012
  • BA, Economics, University of Michigan, 2009
Admissions
  • District of Columbia
  • Michigan
Government & Military Service
  • Senior Attorney, Legal Division of the Federal Reserve Board
  • Senior Counsel (Detailee), US House Financial Services Committee
Activities
  • Vice Chair, Subcommittee on Deposit Products and Payment Systems, ABA Consumer Financial Services Committee
  • Member, Women in Housing & Finance
Overview

Email Disclaimer