An important part of our practice involves counseling financial services clients, including banks and non-bank lenders, credit card and consumer finance lenders, private equity investors, mortgage originators and servicers, and insurance providers on a broad range of examination, compliance and risk management issues. Recent engagements include the development and implementation of comprehensive compliance management programs addressing the written policies, training and ongoing monitoring necessary to ensure corporate-wide compliance with fair lending laws, federal and state consumer protection statutes, and consumer financial privacy and information security regulations, as well as a review of policies and practices relating to interactions with limited English proficiency consumers. We also have conducted independent compliance assessments and provide ongoing advice regarding clients’ existing compliance and self-assessment programs. We regularly conduct regulatory and legal risk assessments for clients considering acquisitions or strategic alliances with other financial services companies.
Skadden advises clients in connection with the regulatory examination and acquisition approval process, and we help management respond to examination findings. We also provide ongoing advice regarding requirements of the Community Reinvestment Act.
Skadden was named the New York Law Journal’s 2021 Litigation Department of the Year and a finalist in the General Litigation category of the publication’s 2023 and 2022 competitions. The firm was also named a finalist in The American Lawyer’s 2021 Litigation Department of the Year competition. Our group and attorneys have repeatedly been included in Chambers USA: America’s Leading Lawyers for Business.