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Our Consumer Financial Services Watch blog focuses on news and developments related to consumer financial products and services.

K&L Gates maintains one of the most prominent global financial services practices—with lawyers representing diversified financial services institutions and their affiliated service providers. The Consumer Financial Services practice divides its work among transactional, regulatory compliance, government enforcement, licensing and approvals, public policy and governmental affairs, and litigation (including class action defense). Recently, we were named as a "Standout" law firm for Securities & Finance Litigation in BTI Consulting Group’s 2015 Litigation Outlook survey. With an exceptional depth of knowledge and experience, the group leads the way in assisting clients with navigating the complex array of federal and state laws that regulate their businesses, structuring transactions, and defending private and government actions.

Our presence in Washington, D.C. enhances our ability to work with the various federal agencies that supervise financial service providers. Our close proximity to those agencies is particularly useful in our efforts to obtain agency approvals and defend against administrative enforcement actions.

Complementing our strength within the United States, our Australian Consumer Financial Services team has a wealth of experience in this diverse area of law, assisting local and overseas banks, lenders, corporate borrowers, wealth managers and financial service intermediaries. Our team in Australia focuses on regulatory and financial services matters, consumer financial services and payment systems.

Collectively, our clients represent a cross-section of the financial services industry, including traditional financial services companies (such as depository institutions, mortgage lenders, auto lenders, consumer finance companies, student lenders, credit card issuers, loan servicers, broker dealers, payday lenders, investment banks, money services businesses, prepaid card issuers and sellers, and payment systems providers), as well as non-financial companies that might incidentally provide financial services to their customers (such as homebuilders, retailers, title insurers and agencies, real estate brokers, relocation service companies, online financial service aggregators, insurance companies, and technology companies).

We also represent companies that support the consumer financial services industry, but which do not provide services directly to consumers. For example, we represent broker-dealers, venture capital firms and hedge funds that invest in providers of consumer financial services, rating agencies, vendor and appraisal management companies, technology vendors to the financial services industry, and document preparation companies.

Areas of Practice

NameTitleOfficeContact
Partner
P +1.617.261.3119
Partner
P +1.415.249.1014
Partner
P +1.617.951.9059
Associate
P +1.617.951.9184
Partner
P +61.3.9640.4338
Associate
P +1.202.778.9020
Partner
P +1.202.778.9288
Partner
P +1.617.261.3126
Partner
P +1.617.261.3152
Partner
P +1.617.261.3107
Counsel
P +1.617.261.3242
Partner
P +1.305.539.3378
Associate
P +1.617.951.9232
Associate
P +1.202.778.9280
Partner
P +61.3.9640.4324
Partner
P +49.(0)89.321.215.330
Associate
P +1.919.743.7346
Associate
P +1.415.882.8230
Partner
P +1.617.951.9197
Partner
P +1.617.261.3134
Partner
P +1.202.778.9363
Associate
P +1.617.951.9234
Practice Area Leader - Litigation
P +1.617.261.3124
Senior Of Counsel
P +1.202.778.9065
Partner
P +1.202.778.9055
Partner
P +1.212.536.3928
Associate
P +1.214.939.5406
Partner
P +1.617.951.9134
Partner
P +1.704.331.7512
Partner
P +1.617.261.3257
Partner
P +1.617.261.3196
Showing 31-40 of 52 results
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Prepaid Cards and Payment Systems
Provided several companies with regulatory analyses regarding how issuing certain prepaid products through a bank versus a state-licensed money transmitter would impact their product terms, operations, and business practices.
Regulatory Compliance
Performed a comprehensive audit of the mortgage lending and servicing operations of several federally chartered banks to assess the impact of the preemption standards in the Dodd-Frank Act and provided institutions with surveys of state mortgage lending, credit card, and consumer finance requirements.
Advised a large trade association on new mortgage legislation and regulation.
Assisted various prospective investors of mortgage loans and mortgage companies to conduct due diligence of the regulatory operations and assets of sellers to determine material risks to the purchaser due to violations of federal and state consumer credit laws.
Represented lenders and investors in trying to develop shared appreciation and shared equity mortgage loans.
Assisted a large retailer and affiliated finance company with establishing a national gift card program.
Advised several national mortgage lenders, trade associations and investment bankers on the federal and state regulatory response to the subprime mortgage meltdown.
Represented many loan servicers and investors in connection with loan modification and other loss mitigation activities.
Represented several hedge funds that were entering mortgage banking business for the first time in buying mortgage lenders or mortgage-related assets out of bankruptcy.
Advised clients on compliance with state and federal laws including laws governing licensing, usury, fees, and disclosures in connection with the origination and servicing of mortgage and non-real-estate-related lending products.