This website uses cookies. For more information please contact us or consult our privacy policy.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

Covington’s industry-leading Consumer Financial Services practice focuses on:

  • regulatory and compliance counseling;
  • government investigations and enforcement;
  • class action litigation defense; and
  • transactional advice and regulatory due diligence.

Our deep understanding of the regulatory scheme, informed by our prior experience in senior policymaking positions at financial regulatory agencies, allows our clients to anticipate the evolving expectations of the Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), banking agencies, and other federal and state regulators.

We help clients comply with increasingly complex laws and regulations governing consumer financial products. Our lawyers provide exceptional coverage of the major substantive areas of consumer financial services, including credit reporting, financial privacy and data security; unfair, deceptive, or abusive acts or practices (UDAAPs); fair lending; account servicing and debt collection; payment products and payment systems; overdrafts and deposit products; and all forms of consumer credit.

Our clients include financial institutions, non-bank financial services firms, trade associations, and financial technology and services companies who seek our advice on a wide range of issues. These include: product development and design; marketing, origination, servicing, and collections; financial privacy and data security; and rulemaking proceedings and policy initiatives.

Our work regularly involves assisting clients with CFPB examinations and responding to examination findings, responding to Civil Investigative Demands and other regulatory inquiries, and representing clients in CFPB and FTC investigations, enforcement actions, and settlement negotiations. We also handle a variety of consumer financial services litigation matters, including the defense of class actions, in collaboration with our Litigation group.

We also advise clients on consumer financial services regulatory issues related to mergers and acquisitions, licensing and joint venture agreements, strategic alliances, and other transactions.

  • Ranked by US News/Best Lawyers as "2016 Law Firm of the Year – Financial Services Regulation Law" (2016)
  • Ranked by Chambers Global as a leading firm in banking and finance (regulatory law) (2015)
  • Ranked by Chambers USA as a leading firm in banking financial services regulation (compliance and enforcement and investigations) (2015)
  • Ranked by Legal 500 US as a leading firm in financial services (regulatory law and litigation) (2015)