Sara Weed is a Partner in the Global Fintech & Payments Group at Paul Hastings. She represents traditional financial institutions, non-bank financial services companies, and technology companies in regulatory and transactional matters, including:
- Advising Facebook Payments in the launch of e-commerce payments solutions for merchants around the globe.
- Advising Samsung Electronics America in the launch of the Samsung Upgrade Program, which integrates consumer finance products offered by third parties.
- Advising Coinbase in the legislative effort to amend the North Carolina Money Transmitters Act to enable crypto platforms to remain in the state, work which earned her a Standout Ranking by Financial Times Innovative Lawyers Award North America in 2018.
- Advising the CENTRE Consortium, led by Coinbase and Circle Internet Financial, in the launch of CENTRE, a governed network powered by USDC, a price-stable cryptocurrency.
- Advising Honey Science in the launch of a point of sale credit product and the company’s subsequent $4 billion acquisition by PayPal.
- Advising Ceridian HCM in the launch of the Dayforce Wallet, a product that allows walletholders real-time access to earned wages.
Prior to joining Paul Hastings, Ms. Weed served as director and counsel with the North Carolina Office of the Commissioner of Banks, overseeing supervision of non-bank mortgage lenders and brokers, money services businesses, and consumer finance companies. In that role, she also served as counsel to the Multistate Mortgage Committee, negotiating the $2 billion settlement with Ocwen Financial Corporation on behalf of the state banking departments.
Prior to her government service, Ms. Weed served as in-house counsel to the financial services group at IBM and as a policy counsel with a national financial services research organization, where she advised policymakers across the country on predatory lending issues and foreclosure prevention strategies in response to the Great Recession.
- Named as a 2021 Rising Star by Law360 in Fintech
- Financial Times Innovative Lawyers Award North America 2018 Shortlist – Standout Ranking in "Access to New Markets and Capital" Category
- University of North Carolina School of Law, J.D., 2008
- East Carolina University, B.S.P. (summa cum laude), 2005
- Compliance and Fintech Lawyers Named Law360 Rising Stars - June 1st, 2021
- Payoneer to Go Public in $3.3 Billion Business Combination with FTAC Olympus Acquisition - February 5th, 2021
- Tech Startup Divvy Primed for Customer Growth in 2019 - January 29th, 2019
- The Financial Times Recognizes Paul Hastings as Top Five Firm for Innovation in North America - December 11th, 2018
- Coinbase Champions Legislative Fix to Keep Cryptocurrency Businesses in N.C. - June 25th, 2018
- Beware of COVID Relief Fraud - September 17th, 2020
- CFPB Issues Final Rule Rescinding Payday Loan Mandatory Underwriting Requirements - July 15th, 2020
- Fueling Innovation in Times of Crisis: The Impact of COVID-19 on Fintech - May 29th, 2020
- Federal Regulators Propose Madden Fix - December 2nd, 2019
- CFPB FinTech Regulatory Innovation Initiatives Echo International Regimes - October 2nd, 2019
- Can Cannabis Banking Work? Growing Interest in a Federal Safe Harbor - May 1st, 2019
- U.S. Proposes a National Framework for the Regulation of Fintech - August 9th, 2018
- CFPB Payday Rule: A Ban or a Blueprint for the Future of Short-Term Consumer Lending? - October 19th, 2017
- Compliance Alert: CFPB Releases New Guidance Regarding Phone Pay Fees - August 11th, 2017
- OCC to Banking Entities—Give Us Input to Help Improve Implementation of the Volcker Rule - August 10th, 2017
- Safe at First—U.S. Supreme Court Confirms that Purchasers of Debt Are Collecting Their Own Debt and Are Not Subject to the FDCPA as They Are Not Collecting a Debt Owed to Another - June 15th, 2017
- State Regulators Mount Counter-Offensive Seeking to Stop OCC’s Fintech Charter - May 3rd, 2017
- The New York State Industrial Appeals Board Invalidates Controversial Regulations Governing Methods of Wage Payment - February 23rd, 2017
- The OCC’s Proposed Fintech Charter: If It Walks Like a Bank and Quacks Like a Bank, It’s a Bank - December 13th, 2016
- Back to the Future—Trump Administration Seeks to Roll Back Financial Services Regulation - November 30th, 2016
- The CFPB’s Project Catalyst: Is It Worth the Risk? - November 4th, 2016
- Money Transmitters Face New Requirements under Proposed New York Cybersecurity Rule - October 6th, 2016
- Online Lenders Beware—CashCall Decision another Example of True Lender Risks - September 29th, 2016
- Addressing ECOA Risk in Marketplace Lending - August 25th, 2016
- Are You Ready to Comply with the CFPB’s Final Amended Mortgage Servicing Rules? - August 10th, 2016
Engagement & Publications
- "Oranges, Whiskey, and Digital Assets: The SEC's Inquiry into the Economic Reality of Crypto," Blockchain, Crypto, and the Law, Wake Forest School of Law, Charlotte, North Carolina (April 2019)
- "CANnabis Banking Work? The Legalization of Marijuana and Marijuana Banking," UNC Festival of Legal Learning, UNC School of Law, Chapel Hill, North Carolina (February 2019)
- "Case Studies in Entrepreneurship and Intrapreneurship," Fearless in Fintech Conference, New York City, New York (December 2018)
- "The Fight Against Financial Crimes and its Effect on the Chief Compliance Officer," Atlanta CAMS Meeting, Atlanta, Georgia (Spring 2016)
- "Navigating the NC SAFE Act: Mortgage Licensing in the Post-Crisis Era," UNC Law Festival of Legal Learning, Chapel Hill, North Carolina (February 2015)
- "A Discussion of Mortgage Servicers and their Role in Foreclosure," North Carolina Judicial College, UNC School of Government, Chapel Hill, North Carolina (December 2014)
- "Redressing Consumer Losses in Money Transmitter Failure," Money Transmitter Regulatory Association Annual Conference, Phoenix, Arizona (September 2013)
- "Secure Transactions: Restoring Our Communities Through Responsible Lending," ABA Journal of Affordable Housing, Vol. 19:1 (Fall 2009) (with Diane Standaert)
- Leadership Circle, Atlanta Community Food Bank
- James Smithson Society, Smithsonian Institutions
- Dean’s Circle, UNC School of Government
- Rosenau Society, UNC Gillings School of Global Public Health
- Volunteer, Pro Bono Partnership of Atlanta