The Washington DC-based consumer financial services group at Skadden, Arps, Slate, Meagher & Flom LLP takes on a wide range of complex, high-stake investigations, enforcement actions, litigation, and compliance matters. Its expertise spans fair lending, UDAAP, disclosure laws, data privacy, and credit bureau reporting along with other matters. Practice head Anand Raman is a go-to for banks, mortgage lenders, auto finance companies, fintechs, loan servicers, and insurers amongst other financial service companies. Darren Welch focuses his practice on fair lending, artificial intelligence, models used by financial institutions, and other consumer financial protection issues.
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Accolades
Client satisfaction: Lawyer & team quality
Client satisfaction: Billing & efficiency
Client satisfaction: Sector knowledge
Key clients
- Credit Acceptance Corporation
- KeyCorp
Work highlights
Representing Credit Acceptance Corporation in litigation with the Consumer Financial Protection Bureau and New York Attorney General in a lawsuit alleging unfair and deceptive practices and violation of New York securities fraud law. See Consumer Financial Protection Bureau and The People of the State of New York v. Credit Acceptance Corporation, No. 1:23-cv-00038 (S.D.N.Y.).
Represented KeyCorp in resolving a matter with the National Community Reinvestment Coalition.
Advising a community bank in connection with an FDIC inquiry and related issues.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
Anand Raman
Other key lawyers
Darren Welch