K&L Gates maintains one of the most prominent global financial services practices—with lawyers representing diversified financial services institutions and their affiliated service providers. The Consumer Financial Services practice divides its work among transactional, regulatory compliance, government enforcement, licensing and approvals, public policy and governmental affairs, and litigation (including class action defense). Recently, we were named as a "Standout" law firm for Securities & Finance Litigation in BTI Consulting Group’s 2015 Litigation Outlook survey. With an exceptional depth of knowledge and experience, the group leads the way in assisting clients with navigating the complex array of federal and state laws that regulate their businesses, structuring transactions, and defending private and government actions.
Our presence in Washington, D.C. enhances our ability to work with the various federal agencies that supervise financial service providers. Our close proximity to those agencies is particularly useful in our efforts to obtain agency approvals and defend against administrative enforcement actions.
Complementing our strength within the United States, our Australian Consumer Financial Services team has a wealth of experience in this diverse area of law, assisting local and overseas banks, lenders, corporate borrowers, wealth managers and financial service intermediaries. Our team in Australia focuses on regulatory and financial services matters, consumer financial services and payment systems.
Collectively, our clients represent a cross-section of the financial services industry, including traditional financial services companies (such as depository institutions, mortgage lenders, auto lenders, consumer finance companies, student lenders, credit card issuers, loan servicers, broker dealers, payday lenders, investment banks, money services businesses, prepaid card issuers and sellers, and payment systems providers), as well as non-financial companies that might incidentally provide financial services to their customers (such as homebuilders, retailers, title insurers and agencies, real estate brokers, relocation service companies, online financial service aggregators, insurance companies, and technology companies).
We also represent companies that support the consumer financial services industry, but which do not provide services directly to consumers. For example, we represent broker-dealers, venture capital firms and hedge funds that invest in providers of consumer financial services, rating agencies, vendor and appraisal management companies, technology vendors to the financial services industry, and document preparation companies.