Consumer Finance Regulation

These are unprecedented times for financial services providers: On the one hand, countless new entrants, novel business models, and breathtaking technological advances are producing inventive products for consumers; on the other hand, never before have there been such complex consumer protection regulations, coupled with heightened scrutiny and aggressive enforcement. O’Melveny works with every stripe of consumer financial services firms and their investors and counterparties to ensure that they can realize their full market potential, while consumers reap all the benefits from this age of innovation.

Our team works across diverse product lines, with an emphasis on consumer-facing products and services, to inform our clients of the latest developments in the regulatory community and reinforce all compliance requirements. We are intimately familiar with the growing array of federal and state statutes and regulations governing banks, nonbanks, fintechs, and their service providers. We routinely advise our clients regarding both supervisory and enforcement interactions with major regulators, including the CFPB, OCC, FTC, FINCEN, FINRA, SEC, FDIC, FRB, state financial regulators, state Attorneys General, and others. The depth of our work and decades of experience give us an unparalleled view of the marketplace, its rewards and its risks.

We offer cross-disciplinary representation from beginning to end of any inquiry, and we develop programs that withstand regulatory scrutiny while maximizing business opportunity. Our services include:

• Diligence of product assets and liabilities
• New financial product development
• Risk assessments
• Compliance testing and counseling
• Consumer remediation
• Regulatory examination support
• Regulatory investigation defense
• Consent order negotiation
• Enforcement action defense