Our enforcement actions and investigations practice offers clients a team of attorneys with specific experience and knowledge of issues arising from the Federal Trade Commission (FTC) related to the financial services industry. We are seasoned professionals who understand the intricacies of the various divisions of the FTC and its regulations.
We regularly counsel clients on compliance with federal regulations such as the Fair Debt Collection Practices Act (FDCPA), the Fair Credit Reporting Act (FCRA) and the Truth in Lending Act (TILA), and provide guidance regarding state and local statutes. We proactively advise and prepare our clients for FTC compliance matters in order to avoid costly government audits, investigations, fines, litigation, or damage to brand or reputation, and we provide skilled representation when litigation becomes necessary.
Our clients are directly affected by the core goals and priorities of the FTC:
- Protecting consumers by providing oversight for the many diverse products and services offered by lending institutions, such as banks and credit unions, including regulation of predatory lending and other deceptive practices.
- Establishing and maintaining laws and regulations in order to reduce false, deceptive or inaccurate advertising, and to regulate other business inducements and transactions.
To diligently respond to the requirements of the FTC, we provide skilled legal representation to help businesses navigate the many state and federal regulations that govern consumer finance and business interactions. The growth of web-based media in the past decade has increased advertising opportunities but also brings pressure to legally protect your business. Our FTC attorneys have a proven record of successfully representing and advising financial service companies in these matters, from the mundane to the sensational. We regularly represent financial institutions in FTC investigations concerning a variety of matters, including consumer privacy/data security breaches and alleged deceptive or abusive practices by telemarketers, third-party payment processors, and similar parties.
The attorneys of our consumer financial services practice also advise businesses on critical matters such as consumer data privacy and protection, and on traditional financial services such as mortgage lending. Our experience with state and federal regulations can assist financial services companies, agencies, and not-for-profits in understanding the numerous guidelines and navigating the growing restrictions within the expanding field of debt collection, debt reduction/negotiation, and credit counseling. Our knowledge of FTC regulations affecting all aspects of business and commerce, including telephone and email solicitations, mail orders, product and price comparisons, product labeling and ingredient disclosure, and country-of-origin claims, helps businesses protect their bottom line.
With our comprehensive experience and proactive approach, we ensure that your business remains compliant and well-protected in an ever-evolving regulatory landscape.
