Financial Services Regulation: Banking (Compliance)
USA Guide 2024 : USA - Nationwide
Band 5
Email address
[email protected]Contact number
+1 415 268 7000About
Provided by Morrison Foerster
Morrison & Foerster has one of the premier financial services practices in the U.S. We routinely:
-Represent U.S. financial institutions in their U.S. and worldwide operations and activities.
-Counsel non-U.S. financial institutions on U.S. regulatory matters relating to their operations and activities, including establishing U.S. offices and subsidiaries.
-Advise on all facets of payment systems, credit cards, and stored-value cards.
-Offer distinctive and extensive expertise in financial services-related privacy law.
-Assist FinTech companies on their activities and relationships with banks and other financial services companies.
In addition to our large base of bank clients, we represent an array of other financial services companies, including payment card companies, FinTech companies, trust companies, securities firms, insurance companies, mortgage bankers, and consumer and commercial finance companies and their holding companies and affiliates, as well as financial institution investors.
We advise our financial institution clients in connection with:
-Mergers and acquisitions
-Regulatory initiatives and legislation
-Product development and compliance
-Private label and co-branded credit, debit, and stored-value card programs
-Bank Secrecy Act and OFAC counseling
-Capital-related issues
-Derivatives and innovative financial products
-Privacy data security matters
-Regulatory enforcement defense and internal investigations
-Capital market activities
-Asset management
-Outsourcing
Chambers Review
Morrison Foerster is a highly respected firm in the consumer finance space, noted for its work on the full range of CFPB regulatory matters. Heavily involved in all aspects of consumer lending, undertaking cutting-edge work relating to payment card systems and other matters. Particularly recognized for its expertise in the mortgage and fair lending space, showing great skill advising on federal and state regulations.Also enjoys a fine reputation for its handling of consumer finance litigation, impressing on behalf of lenders in complex consumer class actions. Further expertise demonstrated in diverse bank regulatory matters, including Volcker Rule and Bank Holding Company Act issues.
Work Highlights
- Morrison Foerster advised Ness Well in connection with its digital rewards credit card and rewards platform.
Strengths
Provided by Chambers
"The Morrison Foerster team routinely provides advice on complex matters."
"The lawyers think creatively and it is a top notch legal team."
"The team provides thorough, practical guidance, and has deep knowledge of state and federal regulations."
"The Morrison Foerster team routinely provides advice on complex matters."
"The lawyers think creatively and it is a top notch legal team."
"The team provides thorough, practical guidance, and has deep knowledge of state and federal regulations."
Notable Practitioners
Richard Fischer is an accomplished practitioner of consumer financial law, who continues to enjoy a market-leading reputation for his activity in the space. His advisory practice covers the full gamut of state and federal laws, offering particular strengths in privacy and data security matters.
Barbara Mendelson is recommended for assistance with a wide range of regulatory challenges faced by domestic and international banks. She comes prepared with a robust grounding in all aspects of the Dodd-Frank Act, regularly advising on Volcker Rule compliance.
"She has a specialty in the foreign bank space and brings practicality and experience."
"Barbara provides detailed advice with the highest standard of quality."
Jeremy Mandell supports a range of consumer finance clients with regulatory compliance in connection with payments and FinTech issues.
"Simply put, the quality and timeliness of his advice makes him one of my most trusted partners."
"He is very capable, responsive and smart."
Ranked Lawyers at
Morrison Foerster
USA - Nationwide
Members
Provided by Morrison Foerster
Angela Kleine
David Fioccola
Jeremy Mandell
Jessica Kaufman
Jiang Liu
Jim McCabe
Joan Warrington
Joseph Gabai
Julian Hammar
Marc-Alain Galeazzi
Michael Miller
Natalie Fleming Nolen
Nathan Taylor
Obrea Poindexter
Roland Brandel
Sean Ruff
Steven Kaufmann
Trevor Salter
Industries
Provided by Morrison Foerster
Banks
Financial Services
Hardware & Electronics
Retail
Software & Computer Services
Technology