Bank Regulatory and Corporate Transactions

• Represented several federal and state-chartered banks in merger transactions before the Federal Reserve, Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corp. (FDIC) and state bank regulators.
• Reviewed U.S. Securities and Exchange Commission (SEC) filings for bank holding companies.
• Advised on subordinate debt issuances by bank holding companies.
• Represented organizers of a de novo bank in the application process before federal and state regulators.
• Advised financial institutions on the legal risks and regulatory expectations in serving the cannabis and hemp industries.
• Advised banks on partnering with nonbank third parties, advised tech companies on strategies for entry into banking activities.
• Advised several cryptocurrency companies in developing business plans and advocating before state regulators to avoid regulation under state money transmission licensure laws.
• Regularly advise clients on compliance with the mortgage lending and servicing regulations issued by the Consumer Financial Protection Bureau (CFPB) pursuant to the Dodd-Frank Act, responding to qualified written requests and drafting/reviewing briefs.
• Advised banks on addressing self-identified Truth in Lending Act (TILA) violations.
• Advised banks on the development of anti-money laundering (AML) policies and procedures, suspicious activity report (SAR) reporting requirements and customer due diligence review; advised a major bank on reviewing and improving its AML compliance program.
• Advised banks on compliance with the federal regulators' guidelines on third-party/vendor relationships, including the development of vendor management policies, contracting issues and ongoing monitoring obligations.
• Advised a regional national bank on the permissibility of proposed bank dividends to its parent bank holding company.
• Advised banks on the application of federal and state legal lending limit regulations.
• Advised several nonbank financial services providers on compliance with federal and state money transmitter laws.
• Reviewed and revised draft deposit facilitation agreements with broker-dealers to avoid classification as brokered deposits.
• Assist major U.S. and foreign banks in reviewing state licensing requirements on a 50-state basis and across a variety of product lines.
• Served secondments at three major financial institutions, addressing issues such as third-party contracting, TILA, Real Estate Settlement Procedures Act (RESPA), advertising, Bank Secrecy Act (BSA), AML and more.

Investigations, Enforcement, Examinations and Litigation

• Defended directors and officers in administrative depositions before federal bank regulatory agencies.
• Represented banks against allegations of unlawful golden parachute payments.
• Consumer Financial Protection Bureau (CFPB) Examination and Enforcement Defense – Represented a major financial institution in an enforcement action involving the CFPB regarding alleged unfair, deceptive or abusive acts or practices (UDAAP).
• Represented a former bank CEO against allegations of embezzlement and books and records violations.
• Represented two leading national banks in threatened enforcement actions related to the supervision of third-party identity theft protection vendors; represented a national bank in responding to allegations of executive-level embezzlement.
• Advised a state-chartered bank in allegations of fair lending violations, including a pattern and practice referral to the S. Department of Justice (DOJ).
• Represented a nonbank mortgage lender in an investigation by the U.S. Department of Housing and Urban Development (HUD) based on allegations of disparate impact discrimination.
• Represented a smartphone app company in a litigated state enforcement action alleging violation of the state's money transmission law.
• Advised banks on responding to grand jury subpoenas.
• Represented banks against allegations of insider lending violations under Regulation O.
• Represented a former senior executive of a major bank in defense of a federal regulatory enforcement action involving the Office of Comptroller of the Currency (OCC); after a lengthy investigation and thorough review, the OCC cleared the executive of all threatened enforcement charges.
• Represented private equity investors in defending against bank regulatory enforcement actions related to the failure to file notices of change in control before acquiring controlling interests in depository institutions or bank holding companies.
• Defended several enforcement actions where the regulators alleged that the client banks engaged in UDAAP in conducting their credit card lending operations, including issues involving marketing, pricing and other product attributes.