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.
Accolades and Recognitions
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
"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)
Board Member, Action for Children North Carolina
Board Member, NC Child
Volunteer, Pro Bono Partnership of Atlanta