The fast paced and competitive environment within which CFS companies operate provides risk and opportunities that must be managed carefully.  We provide regulatory advice on the development of consumer finance products and services in areas such as consumer banking, consumer lending (including residential mortgage and other consumer loans), compliance with Community Reinvestment Act (CRA) and fair lending requirements

We can assist with chartering and licensing CFS companies, developing or enhancing compliance management systems, conducting compliance reviews, managing regulatory exams, consumer complaint response and other pre-enforcement matters. In the event that MRAs are established, we can help develop and implement the compliance structures and tracking required to address them.

Our CFS regulatory team has deep knowledge and wide breadth of experience navigating the complexities arising from regulatory developments such as the CFPA, UDAAP, and Fair Lending practices affecting the following business areas:

Mergers & Acquisitions/ Joint Ventures: We also represent clients in mergers and acquisitions, public offerings, asset purchases and sales, warehouse lending agreements, joint ventures, joint marketing agreements and outsourcing agreements. On transactions, our CFS regulatory lawyers have provided advice both as part of BCLP-led teams and discretely as co-counsel.

Payments & Fintech: Additionally, our lawyers routinely advise on laws applicable to payments and financial technology (fintech) companies, including those offering digital currency, blockchain, debit card, gift card, debt collection, cash advance, factoring, point of sale, and marketplace products or platforms.