Edward W. Somers
Partner
Biography
Ted Somers advises clients in regulatory, supervisory and enforcement matters related to deposits, payment systems, consumer lending and electronic contracting. He is a trusted advisor to the financial services industry in matters before state and federal regulators.
In The News
Edward W. Somers quoted in American Banker article, “Remote notarization is becoming a must-have offering”
The American Banker article, “Remote notarization is becoming a must-have offering,” discussed remote online notarization (RON) and its transition from a matter of health and safety during the height of the Covid pandemic to one of convenience and efficiency. Somers explained that Covid helped push...
In The NewsBuckley promotes five to partner
WASHINGTON, DC (March 31, 2021) – Buckley LLP announced that it promoted Jeffrey Hydrick, Katherine Katz, Sasha Leonhardt, Michael Rome, and Edward Somers to partner from counsel. "These five individuals, from three of our offices, have consistently provided exemplary legal work and guidance to our...
Press Releases
Publications
"Scrutiny over dark patterns presents further challenges in online contracting" by Sherry-Maria Safchuk, Edward W. Somers, and Melina W. Montellanos (CSLR)
The Electronic Signatures in Global and National Commerce (ESIGN) Act and its state analogue, the Uniform Electronic Transactions Act (UETA), have played a transformative role advancing e-com- merce in the United States for more than two decades. Provisions of the ESIGN Act contain safe- guards...
Articles"Navigating digitized mortgage processes during Covid-19" by Edward W. Somers (Law360)
The risks presented by the coronavirus pandemic have forced innovation in executing consumer contracts — and fast. Not least affected is the mortgage industry, which typically relies on in-person interactions for document execution to satisfy legal requirements and investor guidelines. Office...
ArticlesEdward W. Somers Authored a Law360 article, "CFPB Shines Spotlight On Consumer Remittance Transfers"
The Consumer Financial Protection Bureau recently closed a 60-day public comment period on a plan to conduct an assessment of the effectiveness of its May 2013, final rule governing consumer remittance transfers under Subpart B of Regulation E (remittance transfer rule). The remittance transfer...
ArticlesConsumer Financial Services Answer Book 2016
The fifth edition of the Practising Law Institute’s Consumer Financial Services Answer Book was published this month, with 29 Buckley Sandler attorneys contributing to this leading desk reference. The 2016 edition of the Consumer Financial Services Answer Book continues to provide practitioners...
ArticlesConsumer Financial Services Answer Book 2014
The “Consumer Financial Protection Act of 2010” (CFPA), Title X of the Dodd-Frank Act, made major changes in how consumer financial services are regulated, and many of these important changes are now in effect. The Consumer Financial Services Answer Book 2014 describes in concise detail the new...
Articles
Education
- J.D., University of Chicago, 2009
- B.A., University of Notre Dame, 2006
Admissions
- Illinois
- U.S. District Court, Northern District of Illinois