Consumer Financial Services

Lippes Mathias LLP's Asset Receivable Management & Consumer Financial Services Practice Team approaches this fast moving and constantly evolving area of the law in a strategic and unique way that is driven by its lawyers' extensive knowledge of the consumer financial services industry. Our attorneys have experience in a broad spectrum of litigation in both federal and state courts across the country from inception of a matter through the appellate process. Our attorneys regularly advise and advocate on behalf of servicers, lenders, banks, financial institutions and other secured and unsecured creditors throughout the country in the defense of claims and class actions contending that various federal statutes, including the FDCPA, TCPA, FCRA, EFTA and TILA, were violated.

We routinely represent clients in investigations and enforcement actions launched by both state and federal agencies, including state attorneys general, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC), offering clients novel and practical approaches to minimizing exposure and protecting the overall success of our clients.  Our exceptional knowledge of the statutes and regulatory schemes in this area also allows us to regularly assist our ARM Industry clients with developing collection and compliance programs designed to minimize risk and exposure to federal statutes such as the FDCPA, TCPA, FCRA, EFTA and TILA.  In addition, our healthcare legal professionals are experienced with the unique regulatory requirements for the sale and servicing of healthcare patient receivable accounts including HIPAA, state patient privacy and consumer protection statutes and IRS charitable care standards for not-for-profit health systems.

In addition to our extensive litigation experience in this field, Lippes Mathias is at the forefront nationally in the representation of clients in the Asset Receivable Management and Debt Industry, typically as full service outside general counsel but also in connection with individual matters.  Over a decade of experience in the trenches representing clients in M&A transactions specific to the ARM Industry, debt purchases, first party and third party collection transactions, healthcare receivables management as well as other hospital and healthcare related services to the ARM Industry, accounts receivable financing and various factoring platforms provides the Lippes Mathias Asset Receivable Management & Consumer Financial Services Practice Team with unparalleled breadth and depth of expertise.

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Focus Areas:
Litigation
Fair Debt Collection Practices Act
Telephone Consumer Protection Act
Fair Credit Reporting Act
Electronic Fund Transfer Act
Truth in Lending Act
Government Investigations
Internal Compliance