Consumer Financial Services Licensing and Regulatory Compliance

The unpredictability of state licensing can weigh down consumer financial services companies. Ballard Spahr attorneys help clients eliminate this burden.

Our team navigates licensing and regulatory compliance for companies with a full-service approach that follows clients throughout their business lifecycle. Our attorneys’ guidance serves as ongoing licensing maintenance every step of the way, from determining and obtaining initial state licenses through licensing in new states and licensing review and renewal.

In addition to providing counsel on the laws, we also work to ensure our clients know the laws. We created, and continually update, an interactive legislative dashboard called Ballard360 LicenSync that is customized to each client. The tool allows clients to stay up-to-date on how licensing laws and regulations affect their obligations, and to employ a suite of options that help them to obtain and maintain any required state licenses.


Our team’s client work includes the following matters:

  • Worked with a private equity firm on all aspects of its acquisition of a mortgage lending and servicing platform, including obtaining necessary approvals from state licensing regulators for asset acquisition, change of address, change of name, change of officers, and transfer of mortgage loan originator employees
  • Performed a preemption review and 50-state state law gap analysis of state laws governing direct auto lending activities of a federal thrift in light of changes to federal preemption under the Dodd-Frank Act
  • Worked with state licensed mortgage servicer to respond to multi-state mortgage exam
  • Worked with private equity firm on acquisition of licensed money transmitter, including due diligence of target licensee and obtaining necessary approvals from state licensing regulators for change of control