About

Provided by Manatt Phelps & Phillips LLP

Manatt’s leading consumer financial litigators have long represented some of the largest banks and financial institutions in the United States as well as major fintech platforms and partnering banks and non-bank lenders in bet-the-company complex commercial litigation, including class actions, arbitrations and enforcement matters.  The Firm also counsels clients on regulatory issues, compliance and new product development. 

Over just the past few years, Manatt has handled numerous complex and novel issues arising under the statutes and regulations governing the financial services industry. We have defended, and are currently defending, numerous covered entities in major enforcement actions brought by prudential regulators, state attorneys general and other agencies, including the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC), among many others. 

The Firm’s financial institutions practice also brings it into frequent contact with many state regulators (including the New York Department of Financial Services (NYDFS) and the California Department of Financial Protection and Innovation (DFPI)). 

Chambers Review

Provided by Chambers

Financial Services Regulation: Consumer Finance (Enforcement & Investigations) - USA - Nationwide

4
Band 4

What the Team is Known For

Manatt Phelps & Phillips LLP is a well-regarded firm, offering extensive expertise in consumer financial litigation and regulatory compliance. Handles the defense of major class actions and enforcement proceedings, with particular experience in FCRA, TILA and TCPA-related disputes. Also highly experienced advising on major CFPB and FDIC investigations. Represents a wide array of industry-leading clients, including banks, consumer finance companies and FinTech organizations.

Notable practitioners

Scott Pearson is a key contact at the firm.

Work Highlights

  • Manatt Phelps & Phillips represented CashCall in a case concerning the alleged unconscionability of its high interest rate loan products.

Strengths

Provided by Chambers