Financial Services

Financial Services
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National Capabilities at Competitive Rates

With more than 100 lawyers representing financial institutions – banks as well as non-bank lenders and insurance companies – financial services savvy is in McGlinchey’s DNA. We have represented virtually every major financial institution in the world, many of which have been our clients for 10 years or more, some for more than 20 years. We also have extensive experience advising regional and community banks, working with them to craft legal and business solutions to address their unique requirements.

We are highly collaborative, aligning our service delivery with clients’ changing needs and continuously looking for opportunities to bring added value with training for in-house counsel, site visits, lawyer secondments, diversity initiatives, and more.  With offices coast to coast, we provide 50-state capabilities with a highly competitive rate structure.

Consumer Financial Services.  Recognized by Chambers USA with a Nationwide ranking in Financial Services Regulation: Consumer Finance (Compliance), we have both deep and broad experience advising clients on the full universe of operational, regulatory compliance, and transactional issues as well as mortgage litigation, other lender liability actions, and related litigation issues. We deliver 50-state advice and solutions to clients regarding real property finance and residential leasing, personal property finance and leasing, auto finance (including auto finance floorplan workouts), manufactured housing finance, Fintech, state and federal examinations and investigations, licensing, cybersecurity and data privacy compliance, education finance, credit card programs, payment systems and money services businesses, credit reporting, vendor management, ancillary products, manufacturer and seller warranties, deposit products, Bank Secrecy Act and anti-money laundering, electronic contracting, transactional support, and due diligence, as well as daily compliance support.

Commercial Financial Services.  Clients appreciate our deep understanding of how banks work.  Being well versed in credit approval, negotiation, closing, post-closing and clean up, funding, and use of funds, they never have to correct a McGlinchey attorney for overstepping or failing to anticipate the right next step. We negotiate and document loans in both syndicated and single financial institution transactions with both multiple- and single-entity borrowers. Our clients include both financial and non-financial sector entities. We regularly issue general and local counsel closing opinions in commercial finance and commercial real estate transactions, as well as merger and acquisition transactions. Our lawyers handle complex credit facilities secured by all types of collateral.

Industry Strengths Sought After by McGlinchey Clients

McGlinchey’s 100+ financial services lawyers advise top 10 U.S. banks (by assets), regional and community banks, non-bank lenders, non-traditional lenders (including FinTech companies), and insurance companies on a full range of operational, regulatory, transactional, litigation, and creditor’s rights issues. Advising extensively on regulatory compliance as well as defending financial institutions in lender liability and other actions, we bring deep, comprehensive understanding of financial services companies and capabilities that few other firms can match.

Clients tell us they appreciate our direct and pragmatic approach to problem solving. We don’t simply list a broad universe of options. We get to know a client’s business and risk profile, and we craft solutions tailored to address their specific situation and business objectives in virtually every segment of the financial services industry:

  • Banking Operations and Compliance
  • Commercial Finance and Lending
  • Consumer Financial Services Compliance
  • Consumer Financial Services Litigation
  • Creditors Rights, Financial Restructuring, and Bankruptcy
  • Education Finance
  • FinTech
  • Insurance
  • Manufactured Housing Finance
  • Mortgage Litigation
  • Cybersecurity and Data Privacy

Our Work

Services

Industries

Insights

  • SCOTUS: “Home Equity Theft” Violates the Takings Clause

    In a unanimous decision, the Supreme Court held in Tyler v. Hennepin County that a county’s process of retaining the equity in a homeowner’s property constitutes a violation of the Takings Clause of the Fifth Amendment. This decision has important repercussions for not only homeowners but lienholders and loan servicers as well.

  • Structuring Opinions of Counsel in Real Estate Finance Transactions

    Member Marshall Grodner (Baton Rouge) is co-presenting a Strafford Webinar, "Structuring Opinions of Counsel in Real Estate Finance Transactions," on May 31, 2023.

  • Increasing Access to Alternatives to Stick Built Housing

    Member Jim Milano (Washington, DC) will join a panel, "Increasing Access to Alternatives to Stick Built Housing," at the Forum on Affordable Housing & Community Development Law 2023 Annual Meeting on May 25, 2023, in Washington, DC. This panel delves into alternatives to stick built housing. This panel will analyze policy issues such as increasing access to and space for manufactured housing and opportunities for ownership of manufactured housing developments by residents. In addition, this panel will examine how developers are working through zoning restrictions, chattel financing, low-income housing tax credits, and other financing issues to develop alternatives to stick bu

  • SDNY: Crypto Regulated as “Funds,” Platforms as “Financial Institutions”

    On February 22, 2023, the United States District Court for the Southern District of New York in Rider v. Uphold HQ Inc. held that cryptocurrencies constitute "funds" under the Electronic Fund Transfer Act (EFTA). The plaintiff brought one federal cause of action under the EFTA and eight state law claims. The defendant made a motion to dismiss plaintiff's claims, including the EFTA claim, asserting that the EFTA applies only to transfers of “funds” and cryptocurrency does not constitute funds. The District Court disagreed with the defendant's position.  

  • McGlinchey Stafford Adds Experienced Litigation Duo In Calif.

    rvine) were profiled by Law360 on May 9, 2023, on their recent move to McGlinchey. They discuss the factors that contributed to their move to McGlinchey, including culture, people, and growth strategy.

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