Representative consumer financial services matters include:
- currently representing a major eastern U.S. bank in multiple consumer finance counseling and litigation matters, including defending against a class action challenging fees associated with a retail installment sales contract and the documentation of title associated with vehicle leases; regulatory advice on bank policies and procedures; state law compliance advice on new product launches; and fair lending compliance advice on current loan documentation.
- representing a financial services industry association in litigation against the FDIC for regulatory guidance that is unlawful and that exceeds the FDIC’s authority. Engagement also included assistance with handling press and related issues associated with the litigation.
- advising a leading western U.S. bank on consumer financial services regulatory matters and housing finance issues
- representing a leading electronic payments processor in numerous investigation/enforcement matters, including a U.S. Dept. of Justice investigation, responding to subpoenas in multiple states, assistance with civil investigative demands from federal authorities, and litigation matters.
- currently representing a national provider of alternative consumer loan products that often partners with banks. Our lawyers advised the company in designing open-and closed-end consumer loan products for consumers who do not typically qualify for traditional consumer credit options.
- currently representing a tribal lending organization in challenging a CFPB civil investigative demand alleging violations of numerous consumer protection laws and regulations; the case is a matter of first impression as to whether the CFPB has jurisdiction over Indian tribes that are conducting a tribal consumer lending business; our engagement also includes a U.S. Department of the Interior Office of Inspector General investigation, and responding to a grand jury subpoena from a U.S. Attorney's office, as well as numerous other matters.
- legal advisor to DFC Global Corp., an international financial services company that serves primarily unbanked and under-banked consumers through approximately 1,500 retail storefronts and multiple internet platforms in 10 countries across Europe and North America, in its $1.3 billion acquisition by an affiliate of Lone Star Funds. The transaction involved significant regulatory compliance matters.