Industries: Consumer Financial Services Litigation

McGuireWoods’ extensive experience in consumer financial services litigation makes us a leader in this area. Our diverse team of attorneys handles individual and class action litigation in state and federal courts across the country. We also defend consumer financial services clients against civil investigation and enforcement proceedings brought by the FTC, state attorneys general ,and other regulatory authorities. Our clients include banks, insurance companies, mortgage companies, auto finance companies, credit card issuers and servicers, telecommunications services providers, check authorization companies, consumer reporting agencies, debt buyers, collection professionals, and retailers.

Our capabilities also extend to the related areas of privacy, data security breach, consumer bankruptcy, counterclaims in foreclosure actions, enforcement of arbitration agreements, and general commercial litigation. Our consumer financial services lawyers work closely with our transactional and regulatory lawyers to provide consumer credit compliance advice; handle regulatory and governmental relations matters; assist in the securitization of receivables, and the development of secured and unsecured credit products; and all other consumer credit-related matters.

We have defended financial services industry clients in actions asserting claims for violations of state and federal consumer credit laws, including:

  • Truth in Lending Act
  • Consumer Leasing Act
  • Real Estate Settlement Procedures Act
  • Equal Credit Opportunity Act
  • Fair Debt Collection Practices Act
  • Fair Credit Reporting Act
  • Telephone Consumer Protection Act
  • Computer Fraud and Abuse Act
  • Credit CARD Act of 2009
 
  • Credit Repair Organizations Act
  • FTC Act
  • RICO
  • State interest and usury laws
  • State consumer protection and unfair trade practices laws, including Section 17200 claims
  • FTC holder rule and FTC regulations
  • Unauthorized practice of law claims
  • Fair and Accurate Credit Transactions Act