Jason M. Cover

Jason M. Cover focuses on federal and state consumer lending and payments laws, including those that apply to payment cards, installment loans, vehicle-secured loans, lines of credit, unsecured loans and credit cards. He counsels providers of consumer financial services, including banks, licensed lenders and fin-tech 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), and UDAAP statutes prohibiting unfair, deceptive, and abusive acts and practices.

He routinely counsels clients on issues related to online small business lending, electronic consents, contracts and disclosures, and recurring payment methods.

Prior to joining Ballard Spahr, Jason served as lead in-house counsel to a premier consumer financial services company where he advised on an array of regulatory, legal and compliance issues. He also worked as an associate for the New York office of Jones Day where he advised on a variety of complex legal issues.

Representative Matters

• Assisted multiple clients with drafting consumer-facing agreements, including payment authorizations and associated TILA disclosures
• Conducted regulatory due diligence on card issuers, online-installment lenders, title lenders and other entities focused on consumer financial services
• Advised Fintech and marketplace lending clients in establishing online loan operations and bank programs
• Counseled clients on loan programs and product structures
• Reviewed credit models and lending practices for fair lending risk

Professional Activities

American Bar Association, Business Law Section, Consumer Financial Services Committee

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

Publications

Co-author, "CFPB Proposes Revisions to Final Payday/Auto Title/High-Rate Installment Loan Rule," Ballard Spahr alert, February 7, 2019

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

Co-author, "Ohio Enacts Restrictive Payday Lending Law," Ballard Spahr alert, August 1, 2018

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

Co-author, "CFPB Issues Final Payday/Auto Title/High-Rate Installment Loan Rule," Ballard Spahr alert, October 6, 2017

Speaking Engagements

"Important State Law Developments for Small-Dollar Lenders," Ballard Spahr webinar, September 5, 2018

Speaker, "The Lead to Loan Lifecycle: Conducting Regulatory Due Diligence on Small-Dollar Lenders," CFSA Annual Conference and Expo, April 17, 2018

Speaker, "Compliance School, CFSA Annual Conference and Expo," April 16, 2018

"First Takes on the CFPB Small Dollar Rule: What It Means for You," Ballard Spahr webinar, November 9, 2017

Speaker, "Current Issues in Online Lending: Big Data and Machine Learning," American Bar Association, April 5, 2017

Speaker, "Fintech and Online Lending, OSBA Banking Law Institute," November 16, 2016

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)
Phi Beta Kappa
Golden Key International Honor Society

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