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 1. Professionals Search


SCOTT R. FRYZEL

Member

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OverviewExperienceNews and Insights


Innovation and adaptability in financial services and products are essential but
hardly a given. With a wealth of industry experience and an innate understanding
of the legal, operational, and regulatory challenges facing his clients, Scott
Fryzel develops approaches and facilitates initiatives that keep them at the
forefront of financial industry change.

Scott is an authority on banking and financial services, an indispensable
adjunct to in-house legal and business teams, and trusted advisor to c-suite
executives. He represents national and state-chartered banks, foreign banks,
credit unions, fintech companies, and other financial institutions on projects
involving core banking services, innovative financial products and alternative
delivery channels.

Scott's unique experience imbued him with the insights and perspectives to
effectively address legal, regulatory, and business concerns, with a deep
appreciation of the business goals and customer service that are important to
his clients.

Scott takes ownership of projects while working seamlessly with his client's
in-house legal team on a wide range of fintech initiatives, helping them
innovate and re-imagine in the online banking and payments space within the
parameters of their risk management profiles.

He represents clients on commercial and consumer financial services, including
programs for loans and payment processing, treasury management services,
regulatory examination issues and responses, outsourcing and vendor
relationships and client-facing product and services agreements.

Candid and concise, Scott advises clients on regulatory compliance for
institutional and policy matters, including guidance on issues for directors and
senior officers and the consumer regulations of the Federal Reserve, OCC, FDIC,
and the CFPB.

He regularly drafts agreements for payments and card programs, commercial and
consumer deposit products, structured deposits, outsourcing projects, and
white-label programs.

Scott’s regulatory practice also includes advising financial institution clients
on data privacy and security matters, including breach response, regulator and
customer/vendor notice, contractual terms, and other issues related to privacy
laws and regulations, including the GLBA.

Read More

Scott takes ownership of projects while working seamlessly with his client's
in-house legal team on a wide range of fintech initiatives, helping them
innovate and re-imagine in the online banking and payments space within the
parameters of their risk management profiles.

He represents clients on commercial and consumer financial services, including
programs for loans and payment processing, treasury management services,
regulatory examination issues and responses, outsourcing and vendor
relationships and client-facing product and services agreements.

Candid and concise, Scott advises clients on regulatory compliance for
institutional and policy matters, including guidance on issues for directors and
senior officers and the consumer regulations of the Federal Reserve, OCC, FDIC,
and the CFPB.

He regularly drafts agreements for payments and card programs, commercial and
consumer deposit products, structured deposits, outsourcing projects, and
white-label programs.

Scott’s regulatory practice also includes advising financial institution clients
on data privacy and security matters, including breach response, regulator and
customer/vendor notice, contractual terms, and other issues related to privacy
laws and regulations, including the GLBA.

> “Being agile yet deliberate in our approach allows us to deliver the creative
> and innovative solutions our clients need to drive growth, while recognizing,
> anticipating, and mitigating legal, regulatory, and business risks or
> exposure.”

Education
 *  * Loyola University School of Law, J.D., 1994
    * Eureka College, B.A., Accounting, 1990

Bar and Court Admissions


 * BAR ADMISSIONS
   
    * Illinois, 1994

Professional Recognition

 * * Recognized in The Best Lawyers in America® for Financial Services
     Regulation Law; Banking and Finance Law, 2022-Present

Related Employment
 * * * In-House Counsel, BMO Harris
   * * Assistant Vice President and Assistant Counsel, ABN AMRO
   * * Attorney, Illinois Department of Financial and Professional Regulation


CONTACT


Chicago312-627-2105
sfryzel@dykema.com


AREAS OF CLIENT FOCUS

PRACTICES

Data Privacy and Cybersecurity Corporate and FinanceArtificial Intelligence and
Innovation

INDUSTRIES

Financial ServicesFinancial Products and Services RegulationFintech, Payments,
and Digital Commerce


LATEST NEWS AND INSIGHTS

Press Releases8.15.24

216 Dykema Lawyers Listed in The Best Lawyers in America® 2025 and Best
Lawyers “Ones to Watch”

Dykema, a leading national law firm, announced today that 216 of its attorneys,
in multiple practice…

Read More

Legal Alerts6.11.24

Hot Takes: CFPB Backs NY AG’s Position That EFTA Applies to Consumer Wires

We have been closely tracking the recent action by the New York Attorney General
(“NY AG”) against…

Read More

Speaking Engagements5.9.24

Voice Recognition for Payments: Obligations and Rights of Customers and
Financial Institutions

Scott Fryzel will serve as a featured presenter for Smarter Faster Payments
2024, which takes place…

Read More

Load More


Scott's recent transactions include the representation of clients in the
following matters:

 * Negotiating a loan program agreement and loan purchase program with a fintech
   lender
 * Outsourcing services to a foreign bank to provide Euro-denominated accounts
   and funds transfer access to U.S. customers through a single internet portal
 * Multiple bank outsourcing agreements for core processing and trade and
   foreign exchange services
 * Advising on a commercial loan decisioning and processing platform
 * Drafting documentation for a commercial card white label program
 * Drafting and negotiating treasury management and commercial card agreement
 * Resolution and remediation of examination and audit findings and client
   complaints


CONTACT


Chicago312-627-2105
sfryzel@dykema.com


AREAS OF CLIENT FOCUS

PRACTICES

Data Privacy and Cybersecurity Corporate and FinanceArtificial Intelligence and
Innovation

INDUSTRIES

Financial ServicesFinancial Products and Services RegulationFintech, Payments,
and Digital Commerce
 * 08.15.24
   
   216 DYKEMA LAWYERS LISTED IN THE BEST LAWYERS IN AMERICA® 2025 AND BEST
   LAWYERS “ONES TO WATCH”
   
   PRESS RELEASES
   
   Dykema, a leading national law firm, announced today that 216 of its
   attorneys, in multiple practice areas and markets, have been recognized
   in The Best Lawyers in America® 2025 guide and the Best…

 * 06.11.24
   
   
   HOT TAKES: CFPB BACKS NY AG’S POSITION THAT EFTA APPLIES TO CONSUMER WIRES
   
   LEGAL ALERTS
   
   We have been closely tracking the recent action by the New York Attorney
   General (“NY AG”) against Citibank regarding the bank’s treatment of consumer
   wire transfers. By way of background, the NY AG…

 * 05.09.24
   
   
   VOICE RECOGNITION FOR PAYMENTS: OBLIGATIONS AND RIGHTS OF CUSTOMERS AND
   FINANCIAL INSTITUTIONS
   
   SPEAKING ENGAGEMENTS
   
   Scott Fryzel will serve as a featured presenter for Smarter Faster Payments
   2024, which takes place May 6-9 in Miami. Fryzel's session is entitled,
   "Voice Recognition for Payments: Obligations and…

 * 04.01.24
   
   
   DYKEMA GUIDES OLD NATIONAL THROUGH PARTNERSHIP WITH NASHVILLE-BASED CAPSTAR
   
   PRESS RELEASES
   
   Dykema congratulates Old National Bancorp on its partnership with CapStar
   Financial Holdings, Inc. The partnership transaction includes 23 banking
   centers located throughout Tennessee and North…

 * 12.04.23
   
   
   REGULATION E - COMMON FINDINGS AT FINANCIAL INSTITUTIONS
   
   SPEAKING ENGAGEMENTS
   
   Scott Fryzel and Lauren Quigley each served as featured presenters at the
   Wespay Quarterly Member Update - 4th Quarter 2023, which includes the latest
   news and information in the payments industry.…

 * 08.17.23
   
   194 DYKEMA LAWYERS LISTED IN THE BEST LAWYERS IN AMERICA® 2024 AND BEST
   LAWYERS “ONES TO WATCH”
   
   PRESS RELEASES
   
   Dykema, a leading national law firm, announced today that 194 of its
   attorneys, in multiple practice areas and markets, have been recognized in
   The Best Lawyers in America© 2024 guide and the Best…

View All


CONTACT


Chicago312-627-2105
sfryzel@dykema.com


AREAS OF CLIENT FOCUS

PRACTICES

Data Privacy and Cybersecurity Corporate and FinanceArtificial Intelligence and
Innovation

INDUSTRIES

Financial ServicesFinancial Products and Services RegulationFintech, Payments,
and Digital Commerce

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