As financial institutions today face increased regulation and scrutiny, it becomes more important to have legal counsel you can trust. Ed Harllee has vast experience serving financial institutions in matters related to commercial transactions and regulatory compliance. A former in-house counsel for a large multi-jurisdictional regional Bank in the Washington, D.C. area, Ed advises financial institutions in such areas as bank operations, payments systems, forgeries and other fraud, credit and debit cards, and stored-value cards, as well as a wide range of online banking and cash management products, including mobile phone banking, remote deposits, ACH and wire transactions, positive-pay, and sweep arrangements. He also counsels these clients on consumer and non-consumer regulatory compliance, both federal and state, for all types of banking services.
As financial institutions today face increased regulation and scrutiny, it becomes more important to have legal counsel you can trust. Ed Harllee has vast experience serving financial institutions in matters related to commercial transactions and regulatory compliance.
A former in-house counsel for a large multi-jurisdictional regional bank in the Washington, D.C. area, Ed advises financial institutions in such areas as bank operations, payments systems, forgeries and other fraud, credit and debit cards, and stored-value cards, as well as a wide range of online banking and cash management products, including mobile phone banking, remote deposits, ACH and wire transactions, positive-pay, and sweep arrangements. He also counsels these clients on consumer and non-consumer regulatory compliance, both federal and state, for all types of banking services. In addition to counseling banking and other commercial clients on the impact of the new Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 on their products and operations, Ed has significant experience in advising these clients on compliance with federal regulations, such as Regulations B (Equal Credit Opportunity), D (Reserves), E (Electronic Funds Transfers), Z (Truth-in-Lending), CC (Expedited Funds Availability) and DD (Truth-in-Savings), as well as state laws, such as Uniform Commercial Code Articles 3 (negotiable instruments), 4 (bank deposits and collections), 4A (funds transfers), 5 (letters of credit), and 9 (secured transactions).
As a transactional attorney, Ed represents a significant number of financial institutions in connection with a wide variety of lending transactions, including commercial real estate loans, U.S. government receivables and other asset-based loans, construction loans, mezzanine financing, syndicated loans and loan participations. When loans become troubled assets, he represents lenders in work-outs and restructurings, having represented financial institutions through several economic downturns. Ed also serves as local counsel to other lenders throughout the United States in connection with such transactions.
In connection with the practices discussed above, Ed is frequently called upon to draft “shelf” documentation for these services and to review documentation for compliance with federal and local state law.
Ed has also been called upon frequently to speak to various financial institutions and financial institution industry groups on a wide variety of topics. He has co-authored several publications, including Real Estate Transactions in Virginia, published by the Virginia CLE, and District of Columbia Commercial Lending Law, published by the American Bar Association. He is listed in The Best Lawyers in America® for Banking and Finance Law (1995-present).
Representative Experience
- $100 million in loans secured by U.S. Government receivables.
- $45 million loan and letter of credit facility to a series of investment funds.
- Review of shelf documentation for a large regional financial institution for compliance with Virginia and District of Columbia law.
- Review of forms at conditional sales contacts for a large regional seller for compliance with federal and state law.
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08.17.2023
131 Williams Mullen Attorneys Named to 2024 Edition of The Best Lawyers in America®
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08.18.2022
123 Williams Mullen Attorneys Listed in 2023 Edition of The Best Lawyers in America©
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08.23.2021
124 Williams Mullen Attorneys Listed in 2022 Edition of The Best Lawyers in America©
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08.16.2021
Williams Mullen Makes a Move in Tysons
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08.20.2020
116 Williams Mullen Attorneys Listed in 2021 Edition of The Best Lawyers in America©; Most Total Lawyers in Virginia
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08.15.2019
119 Williams Mullen Attorneys Listed in 2020 Edition of The Best Lawyers in America©
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08.15.2018
110 Williams Mullen Attorneys Listed in Latest Edition of The Best Lawyers in America©
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08.14.2017
114 Williams Mullen Attorneys Listed in The Best Lawyers in America 2018
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08.25.2016
CFPB Issues Proposed Rules Regulating Payday, Vehicle Title and Other Loans, as Permitted by Dodd-Frank
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08.15.2016
100 Williams Mullen Attorneys Named 2017 Best Lawyers in America
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08.17.2015
106 Williams Mullen Attorneys named 2016 Best Lawyers in America
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07.07.2015
CFPB Issues Final Rules Regulating Automobile Financing, as Permitted by Dodd-Frank
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11.05.2014
Final Dodd-Frank Risk Retention Rule Adopted
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09.08.2014
Proposed Rules Published on Dodd-Frank Changes to Home Mortgage Disclosure Regulations
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09.04.2014
FRB Issues Proposed Rules to Repeal Regulation AA, as Required by Dodd-Frank
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08.18.2014
100 Williams Mullen Attorneys Named 2015 Best Lawyers in America
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05.20.2014
CFPB Proposal May Eliminate Requirement to Mail Annual Privacy Notice
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05.19.2014
CFPB Proposes Amendments to Mortgage Rules
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04.28.2014
CFPB Issues Proposed Rules Amending Regulation E to Extend the Deadline for Disclosure of Transaction Pricing Estimates
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04.24.2014
Banking Agencies Issue Proposed Rules for Appraisal Management Companies, as Required under Dodd-Frank
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02.20.2014
CFPB Announces Launch of Home Mortgage Disclosure Act Rulemaking Process
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01.13.2014
CFPB Issues RESPA-TILA Integrated Disclosures Final Rule
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01.03.2014
CFPB Updates Mortgage Rules Readiness Guide
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01.02.2014
Banking Agencies Publish Supplemental Final Rules on Dodd-Frank Requirements for Appraisals for Higher-Risk Mortgage Loans
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12.16.2013
CFPB Issues Final Rules, Interpretations and Commentary to Adjust the Exemption Threshold to Regulations M and Z
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12.13.2013
CFPB Publishes Final Rules on Dodd-Frank Requirements for Homeownership Counseling
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11.14.2013
CFPB Issues an Advance Notice of Proposed Rulemaking on Regulation F, As Authorized by Dodd-Frank
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11.14.2013
Financial Regulatory Agencies Issue Proposed Joint Diversity Policy, as Required under Dodd-Frank
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10.25.2013
CFPB Issues Interim Final Rules on Dodd-Frank Mortgage Loan Servicing Requirements
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10.17.2013
CFPB Issues Final Rules Amending Regulations B, X and Z to Clarify and Amend Earlier Dodd-Frank Rules
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08.20.2013
Banking Agencies Issue Proposed Supervisory Guidelines for Certain Annual Stress Tests, as Required under Dodd-Frank
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08.08.2013
Final Rules to Implement Dodd-Frank Requirements for Debit Card Interchange Fees Overturned in Federal Court
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07.15.2013
CFPB Issues Final Rules for Exercising Supervisory Authority over Certain Nonbanks, as Required under Dodd-Frank
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07.10.2013
OCC Issues Final Rules on Lending Limits, as Amended by Dodd-Frank
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07.10.2013
CFPB Issues Proposed Rules Amending Regulations B, X and Z To Clarify and Amend Earlier Dodd-Frank Rules
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07.08.2013
CFPB Issues Final Rules on Ability-to-Repay and Qualified Mortgage Standards Under Regulation Z, as Required by Dodd-Frank
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05.30.2013
CFPB Issues Final Rules to Clarify Regulation Z Escrow Requirements, As Required by Dodd-Frank
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05.28.2013
CFPB Issues Additional Final Rules to Modify the Dodd-Frank Requirements for International Money Transfers
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05.03.2013
CFPB Issues Proposed Rules Amending Regulations X and Z To Clarify Earlier Dodd-Frank Amendments
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02.27.2013
CFPB Issues Final Rules on Loan Originator Compensation, As Required by Dodd-Frank