Industries: Consumer Financial Services

McGuireWoods has extensive experience in consumer financial services litigation. Our diverse team of attorneys regularly handles both individual and class action litigation in state and federal courts across the country. We also defend financial services clients against civil investigation and enforcement proceedings brought by the Federal Trade Commission, 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 who we have represented in a wide variety of matters.

We have extensive experience in negotiating, documenting and overseeing the administration of class action settlements, as well as in defending settlements against objectors and on appeal. Our capabilities extend also to related areas, such as privacy, consumer bankruptcy, counterclaims in foreclosure actions, enforcement of arbitration agreements, and general commercial litigation. McGuireWoods’ consumer financial services lawyers work closely with transactional and regulatory lawyers to provide consumer credit compliance advice, handle regulatory and governmental relations matters, assist in the securitization of receivables, the development of secured and unsecured credit products, and all other consumer credit-related matters.

Our lawyers have successfully defended financial services industry clients in actions asserting claims for violations of both 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
 
  • FTC Act
  • RICO
  • State interest and usury laws
  • State consumer protection and unfair trade practices laws
  • FTC holder rule and FTC regulations
  • Unauthorized practice of law claims