Financial Products and Services Regulation
Banks and financial services entities develop a special kind of trust with their consumers. It’s a trust that gives your organization security and opportunities for growth, but it also brings unrelenting scrutiny from regulators and agencies.
When financial institutions are faced with the most difficult of regulatory challenges, they turn to a law firm that has earned the industry’s trust: Dykema.
Banks offering services online run the risk of being liable for unauthorized transfers unless a customer’s written acknowledgement waiving certain security procedures is obtained. Here’s what you should know.
From developing compliance programs to responding to investigations, Dykema’s team helps clients ensure that their businesses are on sound regulatory footing and that scrutiny from regulators does not become a hurdle to achieving their goals.
Our practice is not limited to traditional consumer credit laws. We regularly advise industry participants on matters of privacy and information security, anti-money laundering and related reporting requirements, electronic delivery of financial products and services, and unfair and deceptive trade practice laws (including enforcement priorities of federal and state regulators under these laws).
We act as regulatory and due diligence counsel, representing buyers, sellers and finance parties in commercial and corporate transactions involving the sale and purchase of financial services companies and assets.
In this capacity, we formulate strategic alternatives in transaction structures to reduce impacts of licensing, registration and compliance requirements and to mitigate compliance, litigation and government oversight risks.
We are often called upon to shepherd non-financial services companies that are expanding business lines into consumer and retail financial services via strategic investments or acquisitions.
We represent financial institutions and other respondents in investigations, examinations, and enforcement actions brought by state and federal regulators, including the FDIC, the OCC, HUD, and the FTC.
We also offer strategic and substantive advice on pending or threatened cases and proceedings.
National banks and others affected by the interaction of state and federal laws call on us for advice and guidance on matters of federal preemption, state law compliance, and coordinated investigations conducted by federal and state authorities.
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