Glen P. Trudel

Glen P. Trudel is a consumer financial services and banking attorney who counsels financial institutions on both regulatory and transactional matters. Mr. Trudel has significant experience in the acquisition and divestiture of credit card and other financial portfolios. He also advises state and federal banking entities on formation and licensing issues in Delaware and on operational and outsourcing matters. Mr. Trudel handles affinity/co-brand/joint marketing agreements, assists clients in the structure and documentation of new credit products, and handles traditional corporate and contractual matters, including Delaware law opinions.

Before re-entering private practice, Mr. Trudel was a Senior Vice President and Counsel with MBNA America Bank, N.A. (now part of Bank of America). During his 14 years with MBNA, he advised on an extensive variety of general purpose and private label credit card/unsecured lending, deposit, and other bank regulatory matters. Mr. Trudel represented the bank in the negotiation, structuring, creation, and administration of joint marketing, affinity/co-brand, and enhancement agreements, and account portfolio acquisitions and divestitures. He also advised on regulatory and operational matters related to the international expansion efforts of MBNA.  

Representative Matters

• Prepared an LLC operating agreement and counseled members on developing a new food additive technology and bringing it to market
• Advised national card lenders on agreements with payment associations
• Provided due diligence assistance in the acquisition of private label card portfolios
• Counseled a federal savings bank in a redrafting of its cash deposit and cash management documentation
• Represented a major bank credit card lender in its acquisition of several credit card portfolios, each worth more than $1 billion
• Represented a major credit card lender in its divestiture of credit card portfolios, each varying in size from tens of millions to over $1 billion
• Represented the purchaser of a controlling interest in a multimillion-dollar boating facility and marina

Professional Activities

American Bar Association Business Law Section and Consumer Financial Services Committee

Delaware Bar Association
International Law Committee, founding member; Corporate Counsel Committee, past member

Publications

"Change in the Wind for Debt Sellers and Buyers? The FTC’s Debt Buying Industry Study and Implications for the Consumer Debt Sale Transactions," Delaware Banker, Spring 2013

"A Final Work in Progress," Delaware Banker, Spring 2012

"The Durbin Amendment Battleground," Delaware Banker, Spring 2011

"Debit Interchange Fees and Routing Proposal Draws Comments, Concerns," The Legal Intelligencer, February 2011

Contributing Author, Delaware Statutory Trusts Manual, LexisNexis, 2010 edition

Speaking Engagements

"Hot Topics in Credit Card and Debit Card Litigation," Ballard Spahr webinar, February 26, 2013

"Creditors, Collectors, and Debt Buyers Beware: What the FTC's Debt Buying Study Means for the Consumer Financial Services Industry," Ballard Spahr webinar, February 21, 2013

"Business Contracts A to Z: Negotiation Strategies," National Business Institute Seminar, Newark, Del., December 18, 2012  

Board Memberships

PowerShowz, Inc., former board member

Delaware Greenways, Inc., former board member and Treasurer

Georgetown University Law Center (J.D. 1987)

Providence College (B.A. 1984, summa cum laude)

Delaware