The members of the bank regulatory practice area work closely with clients to assist them in compliance with the Gramm-Leach-Bliley Privacy and Safeguarding Rules as well as state laws governing privacy and safeguarding of customer information, including Illinois law (which applies to both consumer and business customers) and Vermont and California law (which contains exceptions to federal requirements).
The firm has drafted notifications and policies required to comply with the Fair and Accurate Credit Transactions Act of 2003 and its rules. We have drafted, reviewed, and revised numerous privacy policies and statements for financial institutions across the country.
Because our practice represents a number of credit card issuers, our attorneys have had extensive experience with myriad facets of the federal Fair Credit Reporting Act. In addition to the law itself, we have in-depth understanding of prescreening rules, obligations to investigate disputes, and the other responsibilities of furnishers of credit bureau information.
We routinely negotiate contracts with credit reporting agencies and service providers, including for risk analysis tools and scoring models.
- Bank Mergers and Acquisitions and Regulatory Applications
- Bank Regulatory Compliance/Examination Activities
- Bank Regulatory Matters
- Bank Secrecy/USA Patriot Act and OFAC
- Banking and Financial Services
- Chartering of Financial Institutions
- Community Reinvestment Act Compliance
- Disclosure Requirements (Federal/State)
- Fair Lending and Equal Credit Opportunity
- General Compliance Activities
- Non-Banking Activity Approvals
- Portfolio Acquisitions and Sales
- State Licensing, Regulation and Examination