Ted Somers represents bank and non-bank financial services clients in regulatory, supervisory and enforcement matters related to deposits, payments, consumer lending and electronic contracting. He advises in product design and regulatory compliance issues with an emphasis on Regulation E, NACHA Rules, the UCC, ESIGN and the UETA, and emerging payments systems.
Ted is a trusted advisor to the financial services industry in supervisory and enforcement matters before state and federal regulators, including the CFPB, and the DOJ. He also has significant experience guiding clients through enhancements to internal policies, practices, and customer-facing documentation to align with regulator expectations.
Prior to joining Orrick, Ted was a partner at Buckley LLP.
His experience includes:
October.26.2023 - November.16.2023