As a former senior enforcement attorney with the CFPB, James provides the industry knowledge and expertise that fintechs and financial institutions require when launching new products or facing regulatory scrutiny.
James leads the firm's Fintech Industry Group. He advises fintechs, banks, investors, and other clients regarding federal and state consumer financial laws and regulations, including Title X of the Dodd-Frank Act (UDAAP), TILA, RESPA, EFTA, and the FCRA. He helps clients navigate examinations and investigations with the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board, Federal Trade Commission (FTC), and various state agencies.
James also assists clients with product development, regulatory due diligence, and matters involving innovative products and issues, such as banking as a service (BaaS), student loans, data aggregation, credit and prepaid cards, and online lending.
James served as a senior enforcement attorney with the CFPB, where he coordinated with the FTC, Office of the Comptroller of the Currency, FDIC, Federal Communications Commission, and state attorneys general. He was lead counsel in the CFPB's first enforcement actions involving mobile payments, and a member of an interdepartmental credit card/prepaid card/emerging payments issue team.
James is highly rated by Chambers USA, which uses client and peer feedback to list top attorneys in private practice. As one client told Chambers: "James is excellent. He came from the CFPB so he has the insider knowledge…He has a very strong background in enforcement and supervision matters, a very quick turnaround time and meets the deadline every single time."
Representative matters may include engagements before joining Troutman Pepper.
Consumer Financial Services Law Monitor
04.23.24
CFPB Enters Consent Order Against BloomTech Over Misleading Income-Share Agreements
Consumer Financial Services Law Monitor
04.17.24
CFPB Updates Risk-Based Nonbank Supervision Designation Process
Press Coverage
04.12.24
Fintech Partner Banks Facing 'Volatile Mix' of Supervisory Scrutiny
Troutman Pepper Financial Services
04.01.24
FinCEN Proposes Loosening Customer Identification Program Requirements
Consumer Financial Services Law Monitor
03.26.24
Trade Organizations Challenge Colorado’s DIDMCA Opt-Out Legislation in Federal Court
Firm News
03.22.24
Troutman Pepper Explores CFPB’s Proposed Rule Impacting Digital Payments