Introduction
Karla is a senior associate in Fredrikson & Byron’s Bank & Finance Group. Karla focuses on advising banks and other financial institutions regarding regulatory matters.
Karla has extensive knowledge in a number of financial regulatory areas, including those related to financial services licensing, acquisitions and mergers, insider and affiliate transactions, executive compensation restrictions, legal lending limits, usury, the Bank Holding Company Act, the Bank Secrecy Act, the Gramm-Leach-Bliley Act, the USA Patriot Act, the Troubled Asset Relief Program (“TARP”), and the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Prior to joining Fredrikson & Byron, Karla worked in banking for six years as a compliance analyst where she focused on consumer protection regulations and transaction documentation.
Education
- University of Minnesota Law School, J.D., 2007, magna cum laude
- St. Cloud State University, B.A., 1998, summa cum laude
Bar Admissions
- Minnesota, 2007
Practice Areas
Selected Publications & Presentations
- Presenter, “Key Developments that Every Banker Should Know,” Fredrikson & Byron Bank & Finance Seminar, September 22, 2011
- “The Landscape of Compliance: Old Pitfalls and New Challenges,” FredNEWS: Bank & Finance, September 2011
- “FinCEN Clarifies SAR Confidentiality Rules,” FredNEWS: Bank & Finance, March 2011
- “Protecting Bank Capital: Enforcement Action Avoidance or Compliance,” co-presenter with Karen L. Grandstrand, Graduate School of Banking, February 8, 2011
- “The Dodd-Frank Act Redefines Federal Preemption Law,” FredNEWS: Bank & Finance, December 2010
- “The Dodd-Frank Act: A Look at the Immediate Impacts,” co-authored with Karen Grandstrand, FredALERT: Bank & Finance, August 26, 2010
- “Regulators Take Steps to Curb Incentive Compensation,” FredNEWS: Bank & Finance, June 2010
- “Government Announces New Capital Program for Community Banks,” FredALERT: Bank & Finance, October 27, 2009
- “Recent Developments in Government Banking Programs,” co-authored with Karen Grandstrand, FredALERT: Bank & Finance, May 29, 2009
- “Financial Institutions Consider Participation in the Treasury’s Capital Purchase Program,” FredNEWS: Bank & Finance, March 2009
- “Treasury Publishes Capital Purchase Program Term Sheet for S Corporations,” co-authored with Karen Grandstrand, FredALERT: Bank & Finance, January 16, 2009
- “Final Rule for FDIC’s Temporary Liquidity Guarantee Program: Important Changes,” co-authored with Karen Grandstrand, FredNEWS: Bank & Finance, November 26, 2008
- “Financial Institutions Consider Participation in the Temporary Liquidity Guarantee Program,” co-authored with Karen Grandstrand, FredNEWS: Bank & Finance, November 21, 2008
- “Financial Institutions Weigh Benefits and Costs of Participating in the Capital Purchase Program,” co-authored with Karen Grandstrand, FredNEWS: Bank & Finance, November 21, 2008
- “Update of Measures Taken to Create Financial Stability,” co-authored with Karen Grandstrand, FredNEWS: Bank & Finance, October 13, 2008
- “President Bush Signs the Emergency Economic Stabilization Act of 2008,” co-authored with Karen Grandstrand, FredNEWS: Bank & Finance, October 3, 2008
- Contributing Author, Legal Link, Independent Community Bankers of Minnesota (2007-present)
- “Do I Know You? The Broad Scope of Banking Identification Requirements,” Fredrikson & Byron’s Bank & Finance Focus Newsletter, co-authored with Karen Grandstrand, September 2006
Professional Activities
- American Bar Association
- Minnesota State Bar Association
- Minnesota Women Lawyers
Honors & Distinctions
- Minnesota Law Review, Managing Editor, 2006-2007; staff member, 2005-2006