What the team is known for
Offers advice on federal and state regulations in the consumer finance space, including those pertaining to online lending and credit card programs. Also assists institutions with CFPB readiness and preparation, and both individual and class action consumer suits. Further expertise in handling supervisory examinations, investigations and enforcement actions by regulatory bodies. Particularly noted for its provision of multistate compliance guidance and advice.
Strengths
"I would recommend McGlinchey for any state regulatory matters," reports a client, who praises the firm's "responsiveness and clear, concise legal advice."
A client states: "Firmwide, they are knowledgeable, responsive, and have a good footprint throughout the states."
"McGlinchey is on top of state legislative and regulatory developments and the work product is top-level," says a source.
Notable practitioners
Mark Edelman maintains a prominent consumer financial services practice, advising industry-leading clients on issues of financial responsibility and market regulation. He is particularly experienced in the auto finance space, where he assists with licensing issues, the Fair Credit Reporting Act and CFPB examinations.
"He is a very knowledgeable and responsive attorney." "Mark is a very good lawyer in consumer finance." Robert Savoie advises on the full range of state and federal laws affecting the consumer finance industry. His clients include mortgage servicers and auto finance companies, as well as both independent and bank-affiliated consumer lending platforms.
"He is very business-oriented and has a good ability to advise clients on the practicabilities of intricate state regulations, where there aren't often clear answers." "Robert is one of the best consumer finance attorneys in the country. He is tremendously plugged in and has great relationships with the companies in the space." 