Consumer Financial Services

We help clients comply with increasingly complex laws and regulations governing consumer financial products. Our lawyers provide exceptional coverage of the major substantive areas of consumer financial services, including credit reporting, financial privacy and data security; unfair, deceptive, or abusive acts or practices (UDAAPs); fair lending; account servicing and debt collection; payment products and payment systems; overdrafts and deposit products; and all forms of consumer credit.

Our clients include financial institutions, non-bank financial services firms, trade associations, and financial technology and services companies who seek our advice on a wide range of issues. These include: product development and design; marketing, origination, servicing, and collections; financial privacy and data security; and rulemaking proceedings and policy initiatives.

Our work regularly involves assisting clients with CFPB examinations and responding to examination findings, responding to Civil Investigative Demands and other regulatory inquiries, and representing clients in CFPB and FTC investigations, enforcement actions, and settlement negotiations. We also handle a variety of consumer financial services litigation matters, including the defense of class actions, in collaboration with our Litigation group.

We also advise clients on consumer financial services regulatory issues related to mergers and acquisitions, licensing and joint venture agreements, strategic alliances, and other transactions.