Financial Services: Regulatory, Compliance, and Licensing

Overview

As regulatory oversight grows more complex and enforcement actions become more aggressive, our national team provides proactive advice and practical strategies to institutions at all levels of the financial services industry. Our attorneys – among them several former regulators – maintain good working relationships with agency decision makers and key industry leaders. We counsel banks, nonbank lenders, insurers, and a wide array of other financial services clients regarding examination, compliance, and risk management issues. We provide ongoing support for sustainable best practices. We also defend clients against regulatory actions and consumer-led litigation in individual and class action matters. With deep understanding of our clients’ business goals, we offer smart, practical counsel that supports and promotes those objectives.

What we do

Our cross-practice, nationwide team advises and represents clients in connection with matters relating to:

  • Consumer Financial Protection Bureau
  • Data privacy and protection
  • Department of Justice
  • Department of the Treasury
  • Fair Credit Reporting Act audits
  • Fair Lending Act
  • Federal Deposit Insurance Corporation
  • Federal Trade Commission
  • Internal investigations
  • Nationwide Mortgage Licensing System and American Security Against Foreign Enemies (SAFE) Act of 2015
  • Office of Foreign Assets Control
  • Other state and federal agencies
  • Red Flags Rule
  • Securities and Exchange Commission
  • Social media compliance
  • Unfair or Deceptive Acts or Practices (UDAP) state statutes
  • Vendor management
More »
Who we work with
  • Banks
  • Credit card issuers
  • Credit unions
  • Insurance companies
  • Investment banks
  • Loan servicers
  • Mortgage lenders
  • Payday lenders
  • Payment systems providers
  • Specialty lenders (auto, student, etc.)
  • Thrifts
Industries
  • Automotive
  • Banking
  • Consumer lending
  • Healthcare
  • Hospitality
  • Insurance
  • Mortgage lending
  • Retail
  • Securities

Select Experience

  • Provide training and counseling to financial services companies regulated by the Consumer Financial Protection Bureau.
  • Provide licensing counsel to mortgage lenders regulated by the SAFE Act.
  • Provide state agency enforcement counsel to mortgage lenders, banks, and specialty financers.
  • Counseled a publicly traded financial services client regarding a Consumer Financial Protection Bureau investigation through to resolution. Engaged in risk assessment counseling and utilized regulatory experience to achieve the best result for the client concerning state and federal regulators.
More »

Professionals

Name Title Office Email
Associate Columbus
Partner Atlanta
Associate Cleveland
Partner Atlanta
Partner Cleveland
Senior Advisor Cleveland
Associate Cleveland
Partner Cleveland
Partner Orlando
Partner Cincinnati
Associate Atlanta
Counsel Columbus
Senior Advisor Washington, D.C.
Counsel New York
Partner New York
Partner Cleveland
Associate Columbus
Associate Columbus
Partner Washington, D.C.

Experience

  • Provide training and counseling to financial services companies regulated by the Consumer Financial Protection Bureau.
  • Provide licensing counsel to mortgage lenders regulated by the SAFE Act.
  • Provide state agency enforcement counsel to mortgage lenders, banks, and specialty financers.
  • Counseled a publicly traded financial services client regarding a Consumer Financial Protection Bureau investigation through to resolution. Engaged in risk assessment counseling and utilized regulatory experience to achieve the best result for the client concerning state and federal regulators.
  • Provide operational analysis of lending operations, including origination, processing/underwriting, closing/post-closing, and servicing policies and procedures.
  • Assisted a nationally recognized lender with large-scale licensing and compliance matters with state regulators.
  • Provided compliance and regulatory due diligence for a large consumer loan portfolio acquisition.
  • Created automated clearinghouse-related internal policies and procedures to comply with Regulation E.
  • Established OFAC compliance policies and programs and proved related training for a number of financial institutions.
  • Prepared OFAC voluntary self-disclosure for industry clients.
  • Assisted with responses to SEC enquiries regarding dealings with embargoed countries/sanctioned persons.

Recognition

  • Recognized as one of the top law firms for client service, we were named to the 2018 BTI Client Service 30 for the fourth consecutive year.

Memberships

  • Affiliate member of the Ohio Bankers League (OBL) (2016-2018)

Key Contacts

Blog

In The Blogs

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Financial Services Blog
The Ninth Circuit Wades Into the “Autodialer” Fray and Creates a Circuit Split. TCPA Litigants Await FCC Guidance
By Rand L. McClellan
September 27, 2018
What constitutes an autodialer or “automatic telephone dialing system” (ATDS) under the Telephone Consumer Protection Act (TCPA) is in flux. Under the statute, an “automatic telephone dialing system” is defined as “equipment that has the...
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Financial Services Blog
SEC Continues to Expand Examinations Focused on Crypto-Assets
By Jessie M. Gabriel
August 27, 2018
Jay Clayton, chairman of the Securities and Exchange Commission (SEC or Commission), made clear back in December 2017 that his Commission was concerned with the proliferation of crypto-assets. The SEC defines crypto-assets as...
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Financial Services Blog
OCC Announces It Will Begin Accepting Fintech Charter Applications
By Melonia A. Bennett
August 1, 2018
On July 31, 2018, the Office of the Comptroller of the Currency (OCC) announced that it will begin accepting applications for special purpose national bank charters from financial technology companies. This “fintech charter” is limited to...
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Financial Services Blog
Third Circuit Upholds Foreclosure Sale Against Preference Attack
July 23, 2018
On July 19, the Third Circuit Court of Appeals entered a decision upholding the results of a foreclosure sale against a debtor’s allegation that the sale was a preference because the bankruptcy estate could have sold the property for a...
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Financial Services Blog
Unique challenges for commercial landlords posed by large-scale retailer bankruptcies
By Lars H. Fuller
July 2, 2018
(Excerpted from “Retail Bankruptcies – Protections for Landlords,” Practical Law Journal, May 2018, by Lars Fuller) Due to increasing competition from online sellers, recent years have seen a dramatic uptick in Chapter 11 bankruptcy...
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