Laurence D. Vinson Jr.

Listed in The Best Lawyers in America® Banking and Finance Law, 2006-2010, 2018-2020 Corporate Law, 2006-2020 Equipment Finance Law, 2007-2020 Financial Institutions Law, 1995-2006 Financial Services Regulation Law, 2011-2020 International Trade and Finance Law, 2006-2007; 2010-2020 "Lawyer of the Year," Birmingham Financial Services Regulation Law, 2013 Banking and Finance Law, 2010 Listed in Chambers USA Banking & Finance, 2006-2020 Banking & Finance: Mainly Regulatory, 2010-2020 Listed in Alabama Super Lawyers Banking, 2012–2015 Credit cards and business credit cards Advised client in systemizing a response to customer billing error notices on credit card accounts and developing a series of response letters to cardholders. Advised client on regulatory and operational issues involved in increasing the liability for unauthorized use of credit cards of business customers that have requested that 10 or more credit cards be issued to their employees. Consumer lending Advised a bank on the permissibility of making small-dollar loans at the rate of finance charge allowed to be charged by licensed small loan companies. Advised regional bank in its evaluation of proposed new multi-state loan documentation and compliance software offered by a major software vendor. Deposit operations Advised bank in designing a new checkless “second chance” deposit account with no non-sufficient funds (NSF) fee and drafted a supplement to the deposit agreement for the account. Advised regional bank regarding its policy for posting checks and other debits to transaction accounts and revised the bank’s order-of-posting and NSF fee disclosures. Bank regulatory/M&A Advised state-chartered FDIC-insured bank in a transaction in which a federally insured credit union purchased the major part of the bank’s assets and which transaction required approval of four financial institution regulators – state superintendent of banks, FDIC, state credit union administrator, and NCUA. Suspicious Activity Reports (SARs) Advised banks on the SAR reporting requirements applicable to specific fact situations. Online and mobile banking Led the Bradley team that advised a regional bank as the bank switched software platforms for its online and mobile banking products and revised the bank’s online and mobile banking agreements, including new agreements for person-to-person (P2P) payments and business-to-business (B2B) payments.