Financial Services Regulatory

As part of Reed Smith's Financial Industry Group's 200 lawyers strictly dedicated to clients in the financial sector, our Financial Services Regulatory Group (FSRG) offers sophisticated bank regulatory and retail finance compliance advice. We assist clients in interpreting and implementing new federal and state laws and regulations impacting consumer retail lending and deposit functions, including credit and debit cards, stored value products and electronic banking, mortgage loans, automobile finance, and other financial products. We handle bank mergers and bank and nonbank acquisitions and dispositions, regulatory investigations, and privacy and bank secrecy issues. Our large London office handles EU and other regulatory issues, as do our offices in Hong Kong, Beijing, Abu Dhabi and Dubai. Our lawyers are leaders in state, national and international banking legal and business associations, and have decades of experience in addressing bank issues in governmental agencies, in banks and in other financial institutions, and in private practice.

Reed Smith represents state and national banks, savings associations, holding companies, mortgage companies (both prime and non-prime), finance companies, retail credit card issuers, credit unions and related financial institutions. We provide strategic and operational advice to enable them to conduct their businesses when faced with the challenging compliance requirements under the laws and regulations of the U.S., the UK, and the EU governments, and other governments around the world. In the United States, we provide multi-state legal advice, including special focus on our footprint jurisdictions - California, Delaware, the District of Columbia, Illinois, New Jersey, New York, Pennsylvania and Virginia. In addition, we have a well-honed network of relationships with local counsel and regulators across all 50 states, that we tap into when appropriate to conduct multi-state projects. We also assist clients in monitoring the federal and state legislative process, and in interacting with administrative agencies responsible for interpreting and enforcing statutory requirements through implementing regulations.