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Scott R. Fryzel

Scott R. Fryzel



  • Business Services
  • Corporate Finance
  • Mergers & Acquisitions

WSG Practice Industries


Illinois, U.S.A.


Scott Fryzel is a member of the Firm's Financial Industry Group. He represents national and state-chartered banks, foreign banks, credit unions, fintech companies and other financial institutions in a broad array of issues from core banking services to innovative financial products and alternative delivery channels. Mr. Fryzel is distinguished in the industry for specializing in fintech initiatives such as loan programs and payment processing, treasury management services, regulatory, outsourcing, vendor and client services agreements, and trade services transactions and processing. He advises clients on regulatory compliance with respect to institutional and policy matters, including guidance on issues for directors and senior officers, and the consumer regulations of the CFPB, OCC, FDIC, and the Federal Reserve. He regularly drafts agreements for commercial and consumer deposit products, card programs, and structured deposits as well as outsourcing projects and white-label programs.

As a former bank regulator and in-house counsel, Mr. Fryzel draws upon different perspectives and over 24 years experience to successfully advise clients on legal and regulatory issues impacting financial institutions.

Bar Admissions

Illinois, 1994


Loyola University School of Law, J.D., 1994 Eureka College, B.A., Accounting, 1990
Areas of Practice

Business Services | Corporate Finance | Mergers & Acquisitions


Illinois Passes Bill Prohibiting Lenders From Charging More Than 36% APR on Consumer Loans
Dykema, January 2021

On January 13, the Illinois legislature unanimously passed the Predatory Loan Prevention Act (SB 1792) (“PLPA”), which would prohibit lenders from charging more than 36% APR on consumer loans. Specifically, the PLPA would apply to any non-commercial loan made to a consumer in Illinois, including closed-end and open-end credit, retail installment sales contracts, and motor vehicle retail installment sales contracts...

Considerations for Financial Institutions Regarding Security Procedures for a Remote Workforce
Dykema, March 2020

We regularly work with financial institutions to navigate the challenges of implementing, maintaining, and using security procedures for commercial customers’ use of treasury management services. Security procedures are an integral part of the relationship between the financial institution and its commercial customers...

WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

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