Financial Services Regulation: Consumer Finance (Enforcement & Investigations)
USA Guide 2024 : USA - Nationwide
Band 2
Contact number
+1 215 665 8500About
Provided by Ballard Spahr LLP
We are nationally recognized for counseling our banking and other clients with respect to a wide range of consumer financial services issues and products. We are representing dozens of clients who have faced complex CFPB and other agency regulatory, supervisory and enforcement matters and high stakes litigation. In addition, we are known for:
-Cutting-edge knowledge of privacy, cybersecurity, big data, artificial intelligence, and unparalleled experience in representation of payment systems and other fintech firms
-Representation of private equity firms, investment bankers and other professional investors in conducting regulatory due diligence in transactions with consumer financial services companies
-Proactive approaches to helping clients avoid litigation, like the use of arbitration which we pioneered
-Broad knowledge of the rapidly changing statutes and regulations that govern the entire consumer financial services industry, including mortgage banking
-Our breadth of knowledge and expertise about state licensing laws
-How to develop new online state-of-the art products and services, like “buy-know, pay-later,” “earned wage access,” and “income share agreements” which are compliant with all applicable laws
-Quantity and quality of information about developments in the consumer financial services industry provided via our blog, webinars, and weekly podcast.
Chambers Review
Ballard Spahr LLP is an esteemed group noted for its work with banks and non-banks on the full spread of consumer finance regulatory matters, including credit card, mortgage and auto finance issues. Harbors expertise pertaining to FinTech areas such as telemarketing, e-commerce and prepaid cards. Provides robust representation in CFPB enforcement actions, arbitrations and litigation. Capable of supporting clients at both state and federal regulatory levels.
Work Highlights
- Ballard Spahr LLP assisted several clients with examinations, investigations and enforcement actions by state mortgage banking regulators, the CFPB and the Department of Housing and Urban Development, addressing both federal and state law compliance matters.
Strengths
Provided by Chambers
"The team impresses, is extremely thorough and they are excellent communicators."
"The team is great to work with, responsive and strategic."
"The team impresses, is extremely thorough and they are excellent communicators."
"The team is great to work with, responsive and strategic."
Notable Practitioners
Alan Kaplinsky is an esteemed figure in the consumer finance space with a wealth of experience across compliance and enforcement matters.
"He's a top notch practitioner."
Consumer finance expert John Culhane is well regarded for his expertise in a wide range of issues, including CFPB rule-settings and complex payments law matters.
"John is excellent, his knowledge of the laws and ability to present them well is superior."
Richard Andreano brings to bear over three decades of experience when advising clients on consumer finance matters. He is particularly seasoned in mortgage regulatory issues and often counsels on the Fair Housing Act and Home Mortgage Disclosure Act.
"He is so thoughtful and so creative."
"Rich is encyclopedic on mortgage law and he's incredibly smart."
Ranked Lawyers at
Ballard Spahr LLP
USA - Nationwide