Deborah S. Thoren‐Peden is a partner in the Corporate & Securities practice section of Pillsbury Winthrop Shaw Pittman LLP (“Pillsbury”), and is the leader of the firm’s Privacy group as well as coleader of the firm’s Consumer & Retail team. Throughout her career at Pillsbury, Ms. Thoren‐Peden has devoted her attention not only to the practice of law, but also to firm management. She was recently elected to the firm’s Managing Board and previously served as Chair of the firm’s Attorney Development Committee and a member of the Nominating Committee for the Managing Board. In addition to serving in various roles at Pillsbury, Ms. Thoren‐Peden has spent almost half of her career at corporations, serving as both in‐house counsel and in various executive roles.
Ms. Thoren‐Peden is one of the leading attorneys in the country in the field of electronic payments, Internet banking, privacy and gift and prepaid cards. She works with businesses, financial institutions, money services businesses, retailers and others to help them expand their services and capabilities to include funds transfers, electronic payments, Internet sites, debit cards, gift cards and prepaid cards. She counsels corporations and financial institutions on compliance with applicable state, federal and international laws and regulations. She speaks nationally at numerous seminars and conferences on money services businesses, Internet banking, gift cards and prepaid cards and has written several articles on related subjects.
For more than 20 years, Ms. Thoren‐Peden has provided advice on anti‐money laundering, counseling numerous financial institutions, money services businesses, corporations and others on the legal requirements imposed under the Bank Secrecy Act, the PATRIOT Act, the Office of Foreign Asset Control (“OFAC”) economic sanctions and related laws and regulations. She understands the risks of money laundering and helps clients prepare, implement and maintain appropriate anti‐money laundering programs. She advises clients on policies, procedures, customer identification programs, “know‐yourcustomer” standards, high‐risk activities and risk management and controls. She assists banks and non‐bank financial institutions in their compliance efforts and regulatory responses and negotiations. She also defends financial institutions in connection with Department of Justice (“DOJ”), Attorney General, OFAC and other regulatory and law enforcement investigations and actions. She has given presentations for or with representatives from the Federal Bureau of Investigation, the Federal Reserve Board, the Financial Crimes Enforcement Network of the Department of the Treasury, OFAC, the DOJ, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, numerous state banking agencies and other financial services and law enforcement agencies.
Ms. Thoren‐Peden advises a spectrum of industries on the laws and regulations related to privacy, data mining and the ability to use personally identifiable or anonymous information for marketing purposes and share it with others. She has prepared numerous privacy policies and procedures for a wide variety of companies, both domestic and international. Ms. Thoren‐Peden also provides advice to companies that want to offer products and services over the Internet and counsels clients on web site disclosures. She also helps companies in relation to privacy programs and policies, security statements, contractual arrangements and advertising and has assisted numerous companies that have experienced data or information breaches.
In addition to her leadership roles within her firm, Ms. Thoren‐Peden has served as the Chief Privacy Officer and General Counsel of PayMyBills.com, Assistant General Counsel to Carsdirect.com, General Counsel of Carsdirect. com’s financial subsidiary, CD1Financial.com, Chair of the California Bankers Regulatory Committee, Chair of the American Bankers Association Executive Compliance Committee and a member of the Privacy Task Force of the American Bankers Association.
Ms. Thoren‐Peden is a member of several business organizations and trade associations such as the NACHA Council for Electronic Billing and Payment, the NACHA – U.S.‐International Committee, the California Bankers Association Regulatory Compliance Committee, the Bank Operations Counsel Association, Women In Trade – Northern California, National Retail Association, Direct Marketing Association and California Retailers Association and is the firm’s representative to the National Branded Prepaid Card Association.
Ms. Thoren‐Peden received her B.A. from the University of Michigan and her J.D. from the University of California Gould School of Law. She was awarded the Robert Franzel Award for outstanding Outside Counsel by the California Bankers Association. She is nationally ranked as one of America’s Leading Lawyers in Data Privacy according to the 2008 and 2009 editions of Chambers USA. She is the proud mother of four children.