Our experience encompasses the full range of federal and state banking and consumer finance laws. We regularly deal with federal and state banking agencies, state attorneys general, and other state and local agencies, both within and outside of our geographic footprint.
We conduct regulatory due diligence for clients acquiring or investing in consumer financial services businesses and products, including private equity companies and investment banks. In performing diligence, we often work with financial advisers, communicate with regulatory authorities, negotiate and draft commercial agreements with third parties, and assess applicable federal and state laws as well as judicial decisions.
We counsel clients who are concluding loan purchase/sale and account servicing arrangements and customer transactions. Our attorneys advise on the structure of acquisitions and strategic alliances, draft consumer and small business agreements and disclosures, and design and improve compliance systems and controls.
We regularly assist clients in obtaining state licenses for companies engaged in consumer finance-related activities. Our licensing work frequently takes place in conjunction with our representation of clients acquiring or investing in consumer financial services businesses and products. We have considerable experience with the Nationwide Mortgage Licensing System and Registry—the online system through which a growing list of state license types, in addition to those related to the mortgage industry, are obtained and maintained.