Jason M. Cover

Partner
Philadelphia

Jason M. Cover focuses on federal and state consumer lending and payments laws, including those that apply to installment loans, vehicle-secured loans, lines of credit, unsecured loans, credit cards, point of sale finance and timeshare/vacation finance. He counsels providers of consumer financial services, including banks, licensed lenders and fintech providers, on regulatory compliance matters and government supervisory and enforcement matters.

Jason regularly provides guidance on electronic payments and payment network rules, electronic contracting and mobile commerce, online banking, retail installment sales, preparing for examinations by the Consumer Financial Protection Bureau (CFPB), responding to CFPB supervisory requests (including so-called PARR letters), Article 9 of the Uniform Commercial Code, lease-purchase transactions and consumer protection laws, such as the Telephone Consumer Protection Act (TCPA), Truth in Lending Act (TILA), Fair Credit Reporting Act (FCRA), Equal Credit Opportunity Act (ECOA), Electronic Funds Transfer Act (EFTA), Electronic Signatures in Global and National Commerce Act (E-SIGN), UDAAP statutes prohibiting unfair, deceptive, and abusive acts and practices and the CFPB's Rule on Payday, Vehicle Title and Certain High-Cost Installment Loans (Payday Rule).

Experience 

Representative Matters

  • Assisted multiple clients with drafting consumer-facing agreements, including payment authorizations and associated TILA disclosures, for installment loan, line of credit, credit card and buy now pay later programs.
  • Conducted regulatory due diligence on card issuers, online-installment lenders, title lenders, timeshare/vacation sellers, small business lenders and other entities focused on consumer financial services.
  • Advised fintech and marketplace lending clients in establishing online loan operations, application flow processes and bank programs.

Professional Highlights

Professional Activities

American Bar Association, Business Law Section, Consumer Financial Services Committee; Co-Vice Chair, Fair Access to Financial Services Subcommittee

Past Young Lawyer Liaison, Fair Access to Financial Services Subcommittee; past Young Lawyer Liaison, Committee Newsletter

Recognition & Accomplishments

Phi Beta Kappa, Ohio University

Golden Key International Honor Society, Ohio University

Speaking Engagements

"CFS in Turbulent Times: A Look at the Landscape for Fintech – Bank Model and Marketplace Lending Programs," Ballard Spahr webinar, December 14, 2020

"CFS in Turbulent Times: Small Dollar Lending," Ballard Spahr webinar, December 1, 2020

Speaker, "Texas Update: An Overview of the OCCC's New CAB Regulations," Short-Term Loan Bar Association, November 13, 2020

Publications

Staff Editor, Federal Regulation of Consumer Financial Services Treatise, American Bar Association

'"What's Going On? The CFPB Reassesses Its Rule Governing 'Payday, Vehicle Title, and Certain High-Cost Installment Loans,'" American Bar Association Consumer Financial Services Committee Newsletter, March 1, 2019

"OCC Updates Examiner Guidance on "Deposit-Related Credit," National Law Review, September 27, 2018

Co-author, Chapter 9, "Billing Error Resolution," The Law of Truth in Lending 2018 Supplement, American Bar Association

Credentials 

Education

New York University School of Law (J.D. 2006)
Senior Notes Editor, 2005-2006; Staff Editor, 2004-2005, Journal of Law and Business

Ohio University (B.A., cum laude, 2002)

Admissions

New York

Pennsylvania

U.S. District Court for the Eastern District of New York

U.S. District Court for the Southern District of New York