Jean Veta has received national recognition for her achievements defending financial institutions and their officers and directors in civil and regulatory enforcement matters, government investigations, internal corporate investigations, and congressional investigations. She was named Litigator of the Week in December 2012 by The Am Law Litigation Daily and as Washington's 2014 “Lawyer of the Year” in Banking Litigation by Best Lawyers. Ms. Veta also was featured in the 2014 American Lawyer article naming Covington as a Litigation Department of the Year finalist, and she was a finalist for Lawyer of the Year (Finance) at the 2013 Chambers USA Women in Law awards. Ms. Veta holds Chambers USA’s top rating as a leader in the field of Financial Services Enforcement and Investigations. Her practice focuses on the full range of safety and soundness issues, UDAAP and other consumer compliance issues, fair lending, anti-money laundering, and securities issues, as well as FIRREA and False Claims Act investigations. She regularly handles matters before the CFPB and other federal bank regulators, the Department of Justice, SEC, FTC, and other enforcement agencies.
- Representing the former GE Capital Retail Bank in consent orders with the CFPB and U.S. Department of Justice regarding alleged violations of the consumer protection laws and the fair lending laws in connection with certain so-called credit card add-on products and debt collection practices.
- Representing the former Cole Taylor Bank (now part of MB Financial Bank, N.A.) in investigation and consent cease & desist/civil money penalty order with the Federal Reserve Board and the Illinois state banking authority to resolve claims alleging unfair and deceptive practices related to a student deposit product offered in connection with a former counterparty deemed to be an “institution-affiliated party.”
- Representing GE Capital in a CFPB investigation and consent order related to credit cards used for health-care services.
- Representing a major financial institution in a CFPB investigation regarding UDAAP issues.
- Representing a bank in the U.S. Justice Department’s “Operation Choke Point” initiative that focuses on banks doing business with third-party payment processors and pay-day lenders and alleges violations of FIRREA.
- Representing the former CEO of IndyMac Bancorp in matters arising out of the failure of IndyMac Bank, including knocking out all but one claim in SEC’s once wide-ranging securities enforcement case and settling the last remaining claim, without admitting or denying liability, as a negligence-based claim for $80,000 and a commitment to comply with the securities laws; successfully resolving an FDIC lawsuit; and defending against and/or successfully resolving several securities class action lawsuits, mortgage-backed securities cases, and purported ERISA class action lawsuits.
- Representing a financial institution in an FTC investigation and district court injunction/civil money penalty order to resolve FTC claims regarding alleged violations of the Fair Credit Reporting Act.
- Representing the independent consultant, Treliant Risk Advisors LLC, in conducting a required independent review of a financial firm’s mortgage foreclosure practices.
- Representing a financial institution in a False Claims Act investigation by the U.S. Small Business Administration and U.S. Department of Justice.
- Representing Wells Fargo in connection with a Federal Reserve Board investigation and consent order with respect to alleged falsification of customer income and customer steering by Wells Fargo Financial sales personnel in the origination of consumer mortgage loans.
- Representing financial institutions and their officers and directors in defending against proposed and/or actual civil money penalties, prohibition orders, consent orders, and formal agreements concerning such issues as alleged call report violations, violations of fiduciary duties, consumer compliance issues, brokered deposit issues, loan loss reserves, and other safety and soundness issues.
- Representing financial institutions in enforcement inquiries regarding lending discrimination issues brought by the U.S. Department of Justice and the federal bank regulators.
- Representing financial institutions on anti-money laundering inquiries involving the U.S. Departments of Justice and Treasury (FinCEN) and the federal bank regulators.
- Representing financial institutions in conducting internal investigations on compliance with safety and soundness issues, internal controls, and domestic and foreign anti-money laundering laws.
- Representing a major bank in conducting an independent investigation requested by the bank’s federal regulator regarding potential criminal violations.
- Deputy Associate Attorney General, United States Department of Justice (2000-2001)
- Deputy General Counsel, United States Department of Education (1998-2000)
Honors and Rankings
- Recognized as “Litigator of the Week” by Am Law Litigation Daily (Dec. 20, 2012) for her successful defense of the former CEO of IndyMac Bank.
- Recognized by Chambers USA as a finalist for "Finance Lawyer of the Year" at the 2013 Chambers USA Women in Law awards.
- Recognized by Chambers USA as a finalist for "Regulatory Lawyer of the Year" at the 2012 Chambers USA Women in Law awards.
- Recognized by Chambers USA as a leader in the field of Financial Services/Regulatory Enforcement and Investigations (2006-2014).
- Recognized by Best Lawyers in America as "Washington Litigation - Banking & Finance Lawyer of the Year" (2014).
- Recognized in American Lawyer article naming Covington as a Litigation Department of the Year finalist (2014).
- Named to "Best in Financial Regulation" shortlist by Euromoney Legal Media Group, Americas Women in Business Law Awards (2014).
- Recognized by LawDragon as one of the 500 Leading Lawyers in America (2014)
- Recognized in Best Lawyers in America for Banking and Finance Law (2008-2015); Financial Services Regulation Law (2012-2015); and Litigation - Banking & Finance (2012-2015).
- Recognized by Washington DC Super Lawyers as one of the top lawyers in white collar criminal defense (2007, 2010-2014) and as one of the “Top 50 Women Lawyers” in Washington DC (2013-2014).
- Recognized by The Legal 500 US in Finance - Financial Services: Litigation (2011-2014); Financial Services: Regulatory Enforcement Actions (2011, 2014); and SEC Investigations and Enforcement Actions (2007, 2010).
- Representing a coalition of civil rights organizations and religious leaders in ballot initiative matters that resulted in Maryland becoming one of the first states to approve same-sex marriage by popular vote.
- Representing civil rights organizations, an interfaith group of clergy, and four same-sex couples in successfully opposing, as amicus curiae, a Washington DC ballot initiative, which sought to rescind DC’s recently enacted legislation recognizing same-sex marriages.
- Representing a reproductive healthcare clinic in the U.S. Department of Justice’s prosecution of an anti-abortion activist for physically obstructing and intimidating clinic patients.
Memberships and Affiliations
- DC Bar’s Delegate to the ABA House of Delegates (2013-present)
- American Bar Association Section of Litigation, held various positions in the Section’s leadership over a number of years, including Secretary and Managing Director.
- Tulane Law School, Dean’s Advisory Board (2006-present)
- Tulane Law Review, Board of Advisory Editors (1992-present)
Publications and Speeches
- Ms. Veta was interviewed by Chambers Women & Diversity (2/5/2013) for being a trailblazer for women litigators.
- Ms. Veta was quoted in the National Law Journal article "SEC’s Suit vs. IndyMac Foundering," (9/17/2012) in connection with Covington’s success in knocking out all but one claim in the SEC’s once wide-ranging securities fraud lawsuit against the former CEO of IndyMac.
- Ms. Veta was quoted in the Wall Street Journal article "IndyMac Ex-CEO Settles," (10/2/2012) in connection with Covington’s success in knocking out all but one claim in the SEC’s once wide-ranging securities fraud lawsuit against the former CEO of IndyMac and settling the last remaining claim, without admitting or denying liability, as a negligence-based claim for $80,000 and a commitment to comply with the securities laws.
- Ms. Veta was quoted in the Los Angeles Times article "Former IndyMac CEO Michael Perry to Pay $1 Million in Settlement," (1/11/2013) in connection with Covington’s success in settling the FDIC’s $600 million negligence lawsuit as receiver for $11 million in insurance funds, a personal contribution of $1 million, and Mr. Perry’s agreement not to participate in the banking industry.
- "Is Your Bank Increasing Its Credit Risk?," BankDirector.com (9/22/2014), Co-Author
- "When The CFPB Is After You: How to Respond to Threatened Enforcement Actions," BankDirector.com (4/30/2014), Co-Author
- "Consumer Financial Protection and Mortgage Reform," New York City Bar Association (2014)