Practice Areas

Consumer Financial Services Law

Shook, Hardy & Bacon provides expert advice to companies offering consumer financial services and products. The SHB Consumer Financial Services Law Practice has considerable experience representing banks, credit unions, mortgage companies, consumer lenders, auto lenders, credit card issuers, and retailers. The firm supports at the national, regional and local levels a wide array of legal services, including compliance counseling, regulatory advice and representation before federal and state regulatory agencies. This practice also counsels clients on how to minimize exposure to consumer class action litigation and defend these types of claims.

Because consumer financial services is a highly regulated industry, SHB closely follows legal developments in order to create the most effective and cost-efficient solutions for clients. The Consumer Financial Services Law Practice works on behalf of providers to ensure that basic forms, policies and procedures comply with the complex array of statutory requirements and prohibitions affecting this industry. SHB lawyers have provided advice and counseling on issues relating to the full range of statutory schemes, including the Fair Debt Collection Practices Act (FDCPA), Uniform Consumer Credit Code and Truth In Lending Act (TILA).

This practice also offers extensive litigation experience that includes the defense of class actions, as well as common contract law and tort claims. SHB attorneys have represented financial institutions in cases that involve alleged violations of the state and federal statutory provisions listed above. In addition, the group has represented clients in investigations and proceedings before numerous federal and state agencies, including the Federal Trade Commission, Federal Deposit Insurance Corporation, Federal Reserve Board, and Internal Revenue Service.