Financial Services Regulation: Consumer Finance (Litigation)
USA Guide 2024 : USA - Nationwide
Band 3
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
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.
Work Highlights
- Manatt Phelps & Phillips LLP represented Hanmi Financial Corporation in a securities fraud class action brought by a putative class of shareholders.
Strengths
Provided by Chambers
"Manatt is a great partner and resource in exploring and debating nuanced issues. The team is collaborative across a broad range of topics."
"The firm has knowledgeable and experienced lawyers who give courses of action with risk considerations, in addition to solid legal analysis."
"The team is efficient and knowledgeable."
"Manatt is a great partner and resource in exploring and debating nuanced issues. The team is collaborative across a broad range of topics."
"The firm has knowledgeable and experienced lawyers who give courses of action with risk considerations, in addition to solid legal analysis."
"The team is efficient and knowledgeable."
Notable Practitioners
Head of Manatt's consumer financial services practice, Scott Pearson is sought out by clients to advise on a range of regulatory enforcement and compliance issues. He is particularly experienced in acting for FinTech businesses.
"Scott's knowledge and background of both commercial law and litigation is apparent and is extremely valuable for the client."
"He knows federal and many state banking and financial services regulators well, and has direct experience collaborating with them to achieve solid results for his clients."
"Scott works through issues in depth and is a very strong advocate for clients."
Ranked Lawyers at
Manatt Phelps & Phillips LLP
USA - Nationwide