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
Senior Advisor 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)

Blog

In The Blogs

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Financial Services Blog
Mulvaney Issues Report Outlining Proposals to Reform CFPB
By Ruth E. Hartman
April 17, 2018
Earlier this month, the Consumer Financial Protection Bureau (CFPB) issued its semiannual report (the “Report”) to the President and Congress. In the Report, Acting CFPB Director Mick Mulvaney proposes to significantly reform the CFPB’s...
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Financial Services Blog
Tax Reform's Impact on Financing Strategies
By Elyssa S. Kates
April 4, 2018
As more of the dust settles after the December 2017 passage of the Tax Cuts and Jobs Act, P.L. 115-97, borrowers and lenders alike are reconsidering their future financing strategies. One of the more significant changes in the tax law is...
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Financial Services Blog
Banks, Broker-Dealers and Other Financial Institutions Face May 11 Deadline To Comply with FinCEN's Customer Due Diligence Rule
By Andrew W. Reich
April 2, 2018
Six years after the Financial Crimes Enforcement Network (FinCEN) originally proposed its Customer Due Diligence (CDD) Rule, the deadline for financial institutions to comply draws near. Banks, broker-dealers, mutual funds and futures...
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Financial Services Blog
D.C. Circuit Overturns Parts of the FCC’s Expansive Interpretation of the TCPA
March 29, 2018
On March 16, a panel of the United States Court of Appeals for the D.C. Circuit issued a long-anticipated decision that vacated in part, and affirmed in part, portions of the Federal Communication Commission’s (FCC’s) July 10, 2015...
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Financial Services Blog
D.C. Circuit Overturns Parts of the FCC's Expansive Interpretation of the TCPA
By Matthew K. Cowherd
March 29, 2018
On March 16, a panel of the United States Court of Appeals for the D.C. Circuit issued a long-anticipated decision that vacated in part, and affirmed in part, portions of the Federal Communication Commission’s (FCC’s) ...
Read More ->