Mark J. Furletti

Partner

215.981.4831

More ways to contact Mark J. Furletti

Mark helps clients navigate regulatory risks posed by state and federal laws aimed at protecting consumers and small business, particularly in connection with credit, deposit, and payments products. He is a trusted advisor, providing practical legal counsel and advice to providers of financial services across numerous industries. 

Podcasts

Point-of-Sale Finance Series: Innovations, Regulations, and Future Trends of Modern Credit Cards
Overview
Representative Matters
Insights
Awards

Mark is the co-leader of the Consumer Financial Services Regulatory practice at the firm. He focuses on federal and state consumer and small business lending and payments laws, including those that apply to payment cards, buy-now-pay-later transactions, vehicle-secured loans, lines of credit, unsecured loans, and deposit products. Mark counsels providers of consumer and small business financial services, including banks, on regulatory compliance. He also counsels purchasers of merchant receivables, companies that specialize in online small business lending, and companies that interact with their customers electronically or that set up recurring billing arrangements with their customers.

Mark regularly provides guidance on electronic payments and payment network rules, electronic contracting and mobile commerce, online banking, retail installment sales, preparing for examinations by the Consumer Financial Protection Bureau (CFPB), responding to CFPB supervisory requests (including so-called PARR letters), Article 9 of the Uniform Commercial Code, lease-purchase transactions and consumer protection laws, such as the Telephone Consumer Protection Act (TCPA), Truth in Lending Act (TILA), Fair Credit Reporting Act (FCRA), Equal Credit Opportunity Act (ECOA), Electronic Funds Transfer Act (EFTA), Electronic Signatures in Global and National Commerce Act (E-SIGN), and statutes prohibiting unfair, deceptive, and abusive acts and practices.

He is the co-chair of the American Bar Association’s (ABA’s) National Institute on Consumer Financial Services Basics. He previously served as co-chair of the Electronic Financial Services Subcommittee of the ABA’s Consumer Financial Services Committee.

Previously, Mark worked for the Federal Reserve Bank of Philadelphia for several years, during which he wrote more than 15 articles on consumer credit and payments topics and advised those crafting regulations on consumer credit and consumer payments issues. One article, “The Debate Over the National Bank Act and the Preemption of State Efforts to Regulate Credit Cards,” 77 Temple L. Rev. 425 (2004), was named best student article by the American College of Consumer Financial Services Lawyers. Other published articles include “Credit Card Pricing Developments and Their Disclosure,” 13 J. of Fin. Transformation 5 (2005).

Mark also worked as a business consultant, assisting the nation’s largest retail banks and credit card lenders with customer strategy issues, and as a manager at one of the largest credit card issuers in the United States.

  • Assisted multiple fintech companies in structuring and drafting all consumer-facing disclosures for their bank model consumer credit programs.
  • Led regulatory due diligence on multiple companies in the consumer credit, small business financing, and direct-to-consumer markets.
  • Counseled clients on text message marketing programs where prior express written consent is obtained via text message.
  • Advised clients on the application of state laws to bank model consumer and small business lending programs.
  • Drafted third-party service provider agreements for clients subject to CFPB supervisory jurisdiction, including agreements with lead generators, marketing partners, and debt buyers.
  • Reviewed underwriting models and lending practices for fair lending risk and oversaw fair lending testing programs for clients.
  • Assisted multiple professional sports teams with drafting season ticketholder agreements, associated payment authorizations, and associated TILA disclosures.
  • Advised clients on data aggregation and other innovative consumer and business products that may implicate credit reporting laws.
  • Thomson Reuters Stand-out Lawyer (2021-2025) – independently rated lawyers
  • Elected as a Fellow to the American College of Consumer Financial Services Lawyers (2019)
  • Chambers USA: leading practice in Banking and Finance: Financial Services Regulation: Consumer Finance, Compliance (Nationwide) (2017-2025); Banking and Finance: Mainly Regulatory (Pennsylvania) (2012-2025)
  • Legal 500 United States for Finance: Commercial Lending (2024)
  • Legal 500 United States for Finance – Financial Services: Regulatory, Next Generation Partner (2017-2021, 2023-2024); Leading Lawyer (2025)
Overview

Mark is the co-leader of the Consumer Financial Services Regulatory practice at the firm. He focuses on federal and state consumer and small business lending and payments laws, including those that apply to payment cards, buy-now-pay-later transactions, vehicle-secured loans, lines of credit, unsecured loans, and deposit products. Mark counsels providers of consumer and small business financial services, including banks, on regulatory compliance. He also counsels purchasers of merchant receivables, companies that specialize in online small business lending, and companies that interact with their customers electronically or that set up recurring billing arrangements with their customers.

Mark regularly provides guidance on electronic payments and payment network rules, electronic contracting and mobile commerce, online banking, retail installment sales, preparing for examinations by the Consumer Financial Protection Bureau (CFPB), responding to CFPB supervisory requests (including so-called PARR letters), Article 9 of the Uniform Commercial Code, lease-purchase transactions and consumer protection laws, such as the Telephone Consumer Protection Act (TCPA), Truth in Lending Act (TILA), Fair Credit Reporting Act (FCRA), Equal Credit Opportunity Act (ECOA), Electronic Funds Transfer Act (EFTA), Electronic Signatures in Global and National Commerce Act (E-SIGN), and statutes prohibiting unfair, deceptive, and abusive acts and practices.

He is the co-chair of the American Bar Association’s (ABA’s) National Institute on Consumer Financial Services Basics. He previously served as co-chair of the Electronic Financial Services Subcommittee of the ABA’s Consumer Financial Services Committee.

Previously, Mark worked for the Federal Reserve Bank of Philadelphia for several years, during which he wrote more than 15 articles on consumer credit and payments topics and advised those crafting regulations on consumer credit and consumer payments issues. One article, “The Debate Over the National Bank Act and the Preemption of State Efforts to Regulate Credit Cards,” 77 Temple L. Rev. 425 (2004), was named best student article by the American College of Consumer Financial Services Lawyers. Other published articles include “Credit Card Pricing Developments and Their Disclosure,” 13 J. of Fin. Transformation 5 (2005).

Mark also worked as a business consultant, assisting the nation’s largest retail banks and credit card lenders with customer strategy issues, and as a manager at one of the largest credit card issuers in the United States.

Representation Matters
  • Assisted multiple fintech companies in structuring and drafting all consumer-facing disclosures for their bank model consumer credit programs.
  • Led regulatory due diligence on multiple companies in the consumer credit, small business financing, and direct-to-consumer markets.
  • Counseled clients on text message marketing programs where prior express written consent is obtained via text message.
  • Advised clients on the application of state laws to bank model consumer and small business lending programs.
  • Drafted third-party service provider agreements for clients subject to CFPB supervisory jurisdiction, including agreements with lead generators, marketing partners, and debt buyers.
  • Reviewed underwriting models and lending practices for fair lending risk and oversaw fair lending testing programs for clients.
  • Assisted multiple professional sports teams with drafting season ticketholder agreements, associated payment authorizations, and associated TILA disclosures.
  • Advised clients on data aggregation and other innovative consumer and business products that may implicate credit reporting laws.
Insights

Podcasts

Point-of-Sale Finance Series: Innovations, Regulations, and Future Trends of Modern Credit Cards

Firm Events

State Regulations – Navigating the Evolving Landscape

Podcasts

Regulatory Rollback: Legal Challenges and Opportunities in Earned-Wage Access

Podcasts

Regulatory Rollback: Legal Challenges and Opportunities in Earned-Wage Access

See all insights from Mark J. Furletti

Awards
  • Thomson Reuters Stand-out Lawyer (2021-2025) – independently rated lawyers
  • Elected as a Fellow to the American College of Consumer Financial Services Lawyers (2019)
  • Chambers USA: leading practice in Banking and Finance: Financial Services Regulation: Consumer Finance, Compliance (Nationwide) (2017-2025); Banking and Finance: Mainly Regulatory (Pennsylvania) (2012-2025)
  • Legal 500 United States for Finance: Commercial Lending (2024)
  • Legal 500 United States for Finance – Financial Services: Regulatory, Next Generation Partner (2017-2021, 2023-2024); Leading Lawyer (2025)

Top areas of focus

  • Member, Governing Committee of the Conference on Consumer Finance Law
  • Co-chair, American Bar Association’s National Institute on Consumer Financial Services Basics, 2021-present
  • Vice chair, American Bar Association’s Electronic Financial Services Subcommittee, 2012-2018
  • Lector, Our Mother of Consolation Parish, Philadelphia

Education

  • Temple University Beasley School of Law, J.D., cum laude, 2006, note and comment editor, Temple Law Review
  • Loyola College, B.B.A., cum laude, 1996

Bar Admissions

  • New Jersey
  • Pennsylvania

Court Admissions

  • U.S. District Court, Eastern District of Pennsylvania
  • U.S. Court of Appeals, Third Circuit

Clerkships

  • Hon. Franklin S. Van Antwerpen, U.S. Court of Appeals, Third Circuit
  • Speaker, “Emerging Trends in Credit Disputes: Legal and Operational Strategies to Combat Credit Repair Abuse,” CDIA, June 10, 2025.
  • Speaker, “Federal Rulemaking and Enforcement – One Step Back and Two Steps Forward?” 2025 OLA Legal Issues Conference, February 11, 2025.
  • Speaker, “Payments 101,” Troutman Pepper, November 7, 2022.
  • Speaker, “You’re Invited: The Possibilities, and Pitfalls, for Testing Non-Credit Operations for Discrimination,” Troutman Pepper, May 17, 2022.
  • Speaker, “Charge It: Exploring the Future of Charge Cards, Unique Regulatory Challenges and Compliance Considerations,” Business Law Section Hybrid Spring Meeting, American Bar Association, April 2, 2022.
  • “Regulatory Implications of Point-of-Sale Financing/Buy Now Pay Later Products,” Consumer Financial Services Committee Winter Meeting 2022, January 19, 2022.
  • In-House CLE, “Recent Developments in Buy Now Pay Later and Earned Wage Advance,” November 15, 2021.
  • In-House CLE, “Recent Developments Under the Telephone Consumer Protection Act,” November 8, 2021.
  • In-House CLE, “Person to Person Payments,” September 27, 2021.
  • Auriemma Roundtable Discussion, “Person to Person Payments,” July 28, 2021.
  • NAFCU Roundtable, “Compliance Issues in P2P Payments,” June 3, 2021.
  • Online Presentation, “The Consumerization of Small Business Lending: Significant Developments and Trends,” May 25, 2021.
  • Online Presentation, “The Impact of the Facebook Decision on TCPA Claims,” April 1, 2021.
  • “An Overview of the EFTA and Regulation E,” 2021 Banking Law Seminar, University of Alabama School of Law, February 5, 2021.
  • In-House CLE, “The EFTA and Regulation E: Overview and Common Pitfalls for Creditors,” January 21, 2021.

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