Cadwalader represents consumer financial services companies in enforcement and litigation, two areas that are vital to protecting their business. Our clients include banks and non-bank financial services companies, including fintech companies, mortgage lenders and servicers, student loan servicers, and auto lenders. We also regularly represent companies that invest in, lend to, or otherwise provide financing to consumer financial services companies. Our team is led by a former Consumer Financial Protection Bureau (CFPB) official and includes a former general counsel of a fintech company, a former state Attorney General, and a former United States Attorney.
Our experience includes:
- Representing banks and other consumer financial services companies in government investigations and enforcement actions by the CFPB, federal prudential banking regulators, the Federal Trade Commission, state financial regulators, and state attorneys general;
- Representing clients in consumer class action litigation in connection with consumer financial products and consumer protection issues under federal and state law;
- Developing pre-litigation strategies to respond to supervisory and enforcement inquiries by federal and state regulators, such as civil investigative demands, including developing business-centric advice to reduce exposure and resolve the inquiry without public action; and
- Regularly advising secondary market participants on litigation and regulatory risk in connection with transactions involving consumer financial products and services.
Our enforcement and litigation practices are unique, benefiting from the cross-practice expertise of our top-flight transactional and regulatory teams, which regularly advise bank and non-bank consumer financial services companies in corporate and capital markets transactions and financial services regulation. Clients in the consumer financial services industry regularly turn to us because of our collaborative team approach, deep expertise in all facets of this market, and ability to provide seamless, integrated service no matter the issue.