The financial services industry is one of the most sophisticated, globally integrated, and highly regulated industries.

Forsters Professionals L.L.P understands how to help our clients navigate this complex marketplace and how the ever-changing regulatory reform landscape will impact their businesses.

Working across borders, we provide thoughtful, creative, and practical solutions to address our clients’ most pressing concerns regarding regulatory issues, transactions, disputes, and investigations, as well as providing legal assistance with their day-to-day operations.

With an acute understanding of the cross-cultural differences in regulatory and business environments, we help our clients around the globe with their growth strategies. We represent banks in establishing, conducting, and expanding their businesses around the world, including counseling international banks in connection with acquiring both U.S, U.K and banks and non-bank companies, providing guidance on both compliance and regulatory challenges. We advise retailer and non-bank consumer financial services participants on global strategic ventures, including merchant acceptance and local co-brand and commercial payment card transactions.

Working closely with our clients, often acting as an extension of their own legal teams, we offer pragmatic and comprehensive legal advice with flexibility, specializing in:

• Consumer Financial Services

• Bank Regulation

• Strategic Partnerships

• Privacy & Data Protection

• Compliance & Investigations

• Financial Services Litigation

We have deep knowledge in all aspects of the financial services spectrum, working with clients in a broad range of areas, including:

• Consumer and wholesale financial services

• Corporate, capital markets

• Debt trading

• Derivatives

• Financial product structuring

• Investment management

• Business restructuring and insolvency

• Financial technology and outsourcing

• AML/Sanctions

• Privacy

Consumer Financial Services

We advise clients on all aspects of lending/credit card, deposit, and other retail financial products and services. This includes helping clients adapt to sweeping changes to payment card laws and assisting them with reviewing and restructuring their credit card and prepaid card portfolios, disclosure documents, and change-in terms notices. We also provide regulatory and legislative advice to leading payment card issuers on developing payment card laws and work with regulators to obtain clarifications of these laws. We also help clients with the development of creative banking and mortgage products, and the expansion of financial activities by non‑traditional financial service companies.

Additionally, we bring deep experience in regulatory issues, capital markets, and restructurings, working with clients in the mortgage industry, including:

• Non-bank mortgage originators

• Servicers

• Providers of private mortgage insurance

• Mortgage REITs

• Specialty finance companies (credit card, equipment financing, and receivables financing companies)

We also advise on fair lending examinations and enforcement matters across the spectrum of financial services products and services.

Bank Regulation

We advise on issues arising under all principal federal and state statutes affecting the enterprise‑wide regulation and supervision of financial institutions, including the organization and chartering of financial institutions, their funding and capital-raising activities, regulatory capital compliance, bank holding companies and non U.S. banking organization powers, federal deposit insurance including bank resolutions, trading and investment-related matters, affiliate transactions, compensation, governance and disclosure matters, derivatives, securitizations, domestic and global asset management, custody and administration matters, and new financial products. Our practice is a market leader in the area of institutional payment and settlement systems, including cross-border payments.

International banks turn to us for advice on the effect of U.S. laws on their global businesses, including:

• Permissible activities and product expansion

• Enterprise-wide regulation and supervision

• Funding and capital-raising activities, including regulatory capital compliance

• Trading and investment, including the Volcker rule

• Compensation

• Governance

• Derivatives

• Securitizations

• Domestic and global custody and asset management

Strategic Partnerships

Having worked extensively with many large co-branded and private label partners, our team regularly drafts and negotiates co-branded and private label credit card agreements. We have worked with both bank and non-bank partners, including retailers, airlines, hotel and lodging companies, Fintech companies and other merchants, and financial institutions, providing us with insights that are essential regardless of the side of the table we are sitting on.

We are frequently involved in negotiating other payment card program agreements, as well as agreements between acquirer banks and merchants and other joint ventures involving banks, retailers, and other non-bank financial services providers, including complex processing agreements, portfolio purchase and sale agreements, bank-origination agreements, network incentive agreements, mobile and e-commerce and POS-financing agreements, and stored value card programs agreements.

Privacy & Data Protection

Our cross-disciplinary practice spans across our global offices. We advise on how local privacy laws may limit how financial institutions may use and share data both within and outside the enterprise across multiple jurisdictions. We support our clients when they are looking to move data across borders, to market new products on a cross-border basis, to centralize key functions across multiple jurisdictions, and to store data in cross-border back-up centers.

We also advise financial institutions on compliance with various U.S. privacy laws, including:

• The Fair Credit Reporting Act

• The Gramm-Leach-Bliley Act

• The Right to Financial Privacy Act

• The Telephone Consumer Protection Act

• The Electronic Communication Privacy Act

• The California Consumer Privacy Act

Financial Services Litigation

We are at the forefront of consumer class action litigation in the financial services industry, representing clients, such as banks and other financial services companies, around the globe, in suits involving deposit and checking accounts, credit cards, real estate, mortgage transactions, consumer loans, loan-related fees, mortgage insurance, auto loans, ADR clauses, and other consumer relationships.

We have extensive experience in all aspects of financial services class action litigation, including opposition to class certification, early resolution through motions to dismiss or for summary judgment based on preemption, exportation, or substantive grounds, constitutional and other challenges to class actions in bankruptcy courts, and, where necessary, the organization and retrieval of extensive documents, mediation, settlement administration, and fairness hearings, as well as trials and appeals.