FacultyFaculty/Author Profile
Jay L. Hack

Jay L. Hack

Gallet Dreyer & Berkey LLP

New York, NY, USA

Mr. Hack is a partner in the firm of Gallet Dreyer & Berkey, LLP, and the head of its financial institutions practice. His primary focus is providing a full range of legal services to banks and other financial institutions. His broad-based financial institutions practice runs the gamut, from acting as issuer’s counsel in public and private offerings by bank holding companies to helping clients address examination report criticisms so that enforcement action can be avoided. He has provides advice on a full range of retail banking matters and regulatory compliance issues to community-based financial institutions, principally in the New York metropolitan area.

Mr. Hack is the former Chair of the Business Law Section of the New York State Bar Association and a member of its Banking Law Committee and its Securities Regulations Committee. He was the principal author of the Banking Law Committee comment letter to the New York State Department of Financial Services (DFS) on its anti-money laundering regulations. His letter was instrumental in convincing DFS to delete an express threat of criminal liability for bank compliance officers. He was also a contributor to the Foreclosure Bill of Rights that DFS promulgated in 2016.

He is a frequent lecturer on a variety of topics touching on banking and financial institution matters. He regularly speaks to newly-admitted attorneys on behalf of the New York State Bar Association regarding the ethical obligations associated with attorney escrow accounts and related counterfeit check scams. Because of his focus on the law of financial institutions, he has been dealing with privacy and related computer security matters for decades. He has recently spoken on these issues to groups as diverse as the Independent Bankers Association of New York and the New York Association of Real Estate Managers.

When not practicing law, Mr. Hack is an avid wine collector and has combined this with his involvement in the legal profession to be an organizer of the Attorney Oenophiles Networking Group in New York City. Mr. Hack is also a member of the Board of Directors of the National Scholastic Chess Foundation and is one of the principal organizers, and “executive chef,” of the annual Thanksgiving dinner and the annual Memorial Day BBQ for the family homeless shelter in White Plains.


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