The financial services industry has long been one of the most complex, highly regulated and carefully scrutinized business segments in the world. The collapse of the credit markets and the mortgage foreclosure crisis have created unprecedented challenges for banks and other financial services institutions, not the least of which has been a tidal wave of lawsuits and government investigations attacking fundamental business practices. In addition, banks have been forced to both anticipate and react swiftly to a wide array of new regulations.
McGuireWoods’ long history of representation of financial institutions has prepared the firm well to stand with its clients in meeting these multi-faceted and unprecedented challenges. Because we understand the business, our Financial Services Litigation Team is called upon by some of the world’s most prominent financial institutions to meet these challenges.
A centerpiece of our practice is the Consumer Financial Services Litigation Group. They have developed deep experience in the “alphabet-soup” of regulatory regimens that have generated waves of litigation in recent years: TILA, RESPA, FDCP, FCRA, and more. We are currently defending dozens of individual and class action claims across the country that attack mortgage servicing and foreclosure practices. We have also represented credit card issuers and servicers in individual and class actions alleging that their marketing programs and disclosure practices violate these federal and state consumer protection laws.
A creative claim by a lone borrower can become a class action, or result in a regulatory investigation, a securities claim, or a shareholder derivative action. The institution may have to force a recalcitrant insurer to step up to join in the defense. Our Securities, Class Actions, Government Investigations & White Collar Criminal, Shareholder/Directors & Officers Litigation, Accountants Defense, and Insurance Teams are fully integrated with our Financial Services Litigation Practice, providing the full range of knowledge that our clients need to meet each new challenge.
In addition, our Financial Services Litigation Practice encompasses the broad array of claims that our financial institution clients face, simply as a result of their day-to-day business activities:
Finally, we call on our Discovery Counsel Services Team to effectively manage the collection and management of the massive quantities of data that are generated by financial institutions in the ordinary course of business. This team has a national reputation for efficient and comprehensive management of bank data. They have been integral to the defense of many matters.
McGuireWoods’ Tanya Greene Honored Among Daily Journal’s Top 100 Lawyers
September 21, 2022
Accomplished Government Investigations Lawyer Eric Snyder Joins McGuireWoods in New York
June 22, 2022
Lenders Beware – Default Interest in California May Be Unlawful
October 28, 2022
New Complaint – Damian, as Receiver of Today’s Growth Consultant, Inc. v. SmithAmundsen, LLC
July 7, 2022
Is the Future of the Dollar Digital? The Fed Talks Updating Greenbacks to the Blockchain
May 26, 2022
Opportunity Financial Lawsuit Against California Regulator Continues Fight Over “True Lender” Rule
May 12, 2022
Illinois Federal Court Carves Up Plaintiffs’ Ponzi Scheme Claims For Lack of Actual Knowledge or Bad Faith
January 27, 2022