Rick Schwartz has been a Counsel in the Legal Division's Policy Unit since August, 2003. Among his numerous assignments, Mr. Schwartz has specialized in matters dealing with consumer protection laws, including the Community Reinvestment Act, the Electronic Funds Transfer Act, and the Fair Credit Reporting Act. In addition, he is directly responsible for analyzing novel legal issues on matters of importance to the Corporation, including legal aspects related to prepaid cards and mobile banking, issues relevant to the COME-In committee, misrepresentation of FDIC membership, and more recently, virtual currency, fintech, data aggregators, and cybersecurity.
Prior to his move to "open bank" work, Mr. Schwartz was in the Receivership Goodwill Section and in the FDIC and RTC Professional Liability Sections. Prior to his work for the FDIC, Mr. Schwartz worked in the Regulations and Legislation Section of the Federal Home Loan Bank Board, in the Office of Information of Privacy of the United States Department of Justice, and for the Benefits Review Board of the United States Department of Labor. Mr. Schwartz is a graduate of the University of Pennsylvania and the Georgetown University Law Center.