Banking & Financial Services

The Banking & Financial Services practice advises clients in the banking industry on regulatory and strategic matters, ranging from public policy and corporate governance to litigation, compliance, administrative actions, consumer protection, capital markets, and payments. The practice has a targeted focus on helping industry players adapt to and seize opportunities in the burgeoning fintech, digital assets, and decentralized finance space.

Representing a broad range of banks and financial services institutions across the U.S., McGonigle, P.C. provides experienced, proactive guidance on a broad spectrum of legal issues, including regulatory compliance, governmental investigations, risk assessments, audit and exam support, and business transactions.

With senior legal in-house experience in leading banking and financial services institutions such as Citizens Financial, Capital One, Citi, Wachovia Securities, and Barclays Capital as well as within federal regulatory bodies that charter, regulate, and supervise all national banks and thrift institutions such as the Office of the Comptroller of the Currency and the Federal Reserve, our attorneys have experience in overseeing corporate and securities transactions, bank and corporate regulatory issues, and other legal and financial affairs. They have provided analysis and counsel relating to consumer protection issues such as unfair deceptive and abusive conduct, lending discrimination, and predatory lending.

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Looking Forward

The current Acting Comptroller, the SEC and CFTC Chairs, the CFPB Director, the Chairman of the Federal Reserve Board, and the Secretary of the Treasury, as well as a range of other federal government officials, have made it clear they intend to carefully scrutinize financial services providers, particularly fintechs and “Neobanks.” Seeking good counsel in advance and proceeding carefully will be key in this space. We also advise players to be proactive and to take advantage of the notice-and-comment process as well as other opportunities to present key information to regulators.