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Venable LLP

Venable LLP

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United States • Finance

3

Financial services regulation

Turned to by a plethora of private equity firms, banks and payment companies, Venable LLP routinely engages in compliance advice under federal and state laws related to developing plans launching new consumer finance products, particularly in the fintech space. In this regard, the group's core competencies lie in consumer-facing fintech platforms and services, most notably in the application of compliance and licensing frameworks, but also at times in areas such as the use of customer data. The practice is overseen by Ellen Berge, Andrew Bigart, Jonathan Pompan, Michael Bresnick in Washington DC and New York-based Leonard Gordon are key figures in the team, the latter of whom possesses a wealth of experience in significant experience in FTC matters, while Berge is highly active when it comes to government investigations and law enforcement actions, a complementary offering to the group's regulatory assistance.
Legal 500 Editorial commentary

Accolades

Client satisfaction: Sector knowledge
Client satisfaction: NPS ®

Key clients

  • Clarion Capital Partners
  • Global Payments, Inc.
  • Cavalry Portfolio Services, LLC
  • Associations, Inc. d/b/a Community Management Corporation
  • Jack Henry
  • Greater Chautauqua Federal Credit Union; Boulevard Federal Credit Union; Greater Niagara Federal Credit Union
  • First Advantage
  • Ready Credit Corporation
  • eshares, Inc. d/b/a Carta, Inc.
  • Leap Theory, LLC

Work highlights

Acted for Clarion Capital Partners, LLC as regulatory counsel, providing legal due diligence and post-transaction advisory services across multiple acquisitions in the consumer financial services sector, including transactions involving Harris & Harris, The CMI Group, Ready Credit Corporation, and Marketplace Events.
Acted for Global Payments, Inc.  as regulatory and litigation counsel to and its subsidiaries, providing ongoing compliance, licensing, and government affairs guidance, and successfully defending subsidiary ACTIVE Network, Inc in a CFPB enforcement action that was ultimately dropped.
Advised Cavalry Portfolio Services, LLC on federal and state debt collection and credit reporting laws, as well as post-CFPB compliance expectations critical to its nationwide operations.
Practice head

Ellen Berge; Andrew Bigart; Jonathan Pompan; Michael Bresnick; Leonard Gordon

Other key lawyers

Christopher Boone; Michael M. Aphibal

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