Attorneys in Morrison & Foerster’s cross-disciplinary Financial Services Enforcement Practice regularly represent depository and non-depository financial services respondents in a wide array of inquiries, investigations, administrative proceedings, and lawsuits initiated by the CFPB, FTC, FDIC, HUD, Federal Reserve Board, OCC, SEC, CFTC, and state financial regulators and attorneys general. Our clients recognize that addressing the challenges arising as a result of the current regulatory environment requires assistance from legal advisers with financial regulatory capabilities, industry-specific enforcement and litigation expertise, an in-depth understanding of financial markets, and experience with financial services regulators. Should an inquiry, examination, or investigation give rise to an enforcement or supervisory action, we draw on our deep substantive and procedural knowledge to assess the risks and prospects for acceptable and efficient resolution. If necessary, we litigate enforcement matters in administrative and judicial proceedings and through appeal.
Financial services companies increasingly must anticipate and address potential violations before regulators initiate action. Our clients look to us to assist them in identifying potential risks and addressing those risks in advance of government action. We regularly work with in-house compliance and legal professionals to review policies and procedures, prepare gap analyses, and conduct UDAAP reviews. We also assist management, audit committees and other board committees, and special litigation committees with enterprise, product, or business-line specific risk assessments and internal investigations.
Our attorneys, several of whom are bank regulatory lawyers and litigators, have represented financial institutions before the government and in private litigation for over 50 years. Our team includes attorneys who formerly held senior positions with the CFPB, the CFTC, the SEC, the Federal Reserve Board, the FTC, and the Department of Justice.
The consistent quality and efficacy of our work in the financial institutions and financial services has been well recognized, including by Chambers, IFLR1000, and Legal 500. Morrison & Foerster’s financial services practice is ranked in Tier 1 by US News & World Report and was named by Operational Risk & Regulation as 2013 Law Firm of the Year.