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David Stein
David A. Stein
Of Counsel
Washington +1 202 662 5074 Download V-card

David Stein advises clients on consumer financial services, credit reporting, financial privacy, retail payments, and e-commerce issues. He assists banks, non-bank lenders, consumer reporting agencies, payments and technology companies, and their vendors with regulatory, compliance, enforcement, and transactional matters. He also advises trade associations on regulator matters.

  • Provided advice to banks, consumer reporting agencies, and non-bank lenders on a broad range of credit reporting and financial privacy issues.
  • Advised a regional bank in responding to CFPB fair lending concerns related to a credit card portfolio.
  • Assisted a regional bank with a review of overdraft protection programs in preparation for a potential regulatory inquiry.
  • Represented trade associations advocating for changes to the CFPB’s arbitration proposal, prepaid account proposal, and complaint reporting.
  • Advised a bank on regulatory risks of acquiring an institution with a military allotment business.
  • Assisted a client in the debt collection and debt buying business prepare a redress and compliance plans to satisfy the terms of a CFPB consent order.
  • Assisted a regional bank and a consumer reporting agency prepare for CFPB examinations by conducting readiness reviews or simulated exams.
  • Assisted a national bank achieve compliance with the OCC’s Heightened Standards and three-lines-of-defense model.
  • Prepared a consolidated risk assessment for a bank holding company and a fair lending risk assessment for a regional bank.

Memberships and Affiliations

  • American Bar Association, Consumer Financial Services Committee, Co-Vice Chair, Privacy Subcommittee
  • American College of Consumer Financial Services Lawyers, Fellow

Previous Experience

  • Promontory Financial Group, Director (2012-2015)
  • Consumer Financial Protection Bureau, Office of Regulations, Senior Supervisory Attorney-Advisor (2011-2012)
  • Board of Governors of the Federal Reserve System, Division of Consumer and Community Affairs, Managing Counsel and staff attorney (1999-2011)