Julius “Jerry” Loeser is of counsel in the firm’s Chicago office whose practice focuses on banking regulation. He has extensive experience in counseling financial services clients on, among other things, bank acquisitions, privacy, financial modernization, the USA PATRIOT Act, Basel II, lending limits, capital, trust, affiliate transactions, and Federal Reserve, OCC, and FDIC regulations.
Prior to working at large corporate law firms, Mr. Loeser was chief regulatory and compliance counsel for Comerica Bank, where he also served earlier as general counsel of its retail bank division and senior vice president and deputy general counsel. He also held executive roles at Wells Fargo & Co. Mr. Loeser began his legal career advising the Board of Governors of the Federal Reserve System in Washington, D.C.
Some of Mr. Loeser’s recent representative matters include:
- Advising the U.S. Treasury Department on bank regulatory aspects of the Chrysler and General Motors bankruptcies and establishing its Community Development Capital Investment program.
- Counseling Carlyle Investment Management in the design of a bank-owned life insurance product.
- Advising an investor in a private equity fund “club deal” acquisition of a failing bank.
- Counseling J.P. Morgan in its participation in the Federal Reserve’s TALF program.
- Securing a precedential OCC interstate trust preemption ruling.
- Advising a client on the sale of a credit card portfolio.
- Managing a state bank charter conversion.
- Working with the U.S. Treasury Department on the issuance of Social Security debit cards.
Mr. Loeser received a B.A. and J.D., with honors, from Northwestern University.
Mr. Loeser regularly writes and speaks on bank regulation. His recent publications include "Regulation of Certain Wire and ACH Transfers to Persons Abroad is Impending in the Guise of Regulation of Consumer Remittance Transfers", The Banking Law Journal, September 2011 (co-author) and "Has Dodd-Frank Created a Hidden Whistleblower Tax?" The Daily Deal, January 2011 (co-author).
In March 2009, Mr. Loeser presented “The Federal Response to the Financial Crisis and its Effect on Real Estate Lending” to the American College of Mortgage Attorneys. In April 2009, he presented “What Can Go Wrong at a Bank” to the Institute of Private Investors. He has also presented on the TALF program at the 2009 annual meeting of the Lawyers Council of the Financial Services Roundtable and spoke on systemic risk regulation at the meeting of the Financial Holding Company Subcommittee of the American Bar Association’s Banking Law Committee’s 2009 Annual Meeting.