My experience in various in-house capacities gives me a unique appreciation for my clients’ priorities, challenges, and concerns. I’ve held roles ranging in scope from the broad, jack-of-all-trades to the niche focus regarding a bank’s compliance with a particular regulation. Even with a career focus on financial services compliance, I’ve learned that no two problems are ever the same. I pride myself on engaging and collaborating with my clients to guide them to the best solutions given each unique circumstance.
Rachael Aspery supports the firm’s consumer financial services clients including banks, finance and credit card companies, lenders, and FinTechs with a wide variety of regulatory compliance issues. She focuses her practice on supporting clients’ business objectives to mitigate a wide variety of regulatory, compliance, and litigation risk.
For innovative clients in the FinTech and payment spaces, Rachael offers particular insights into the state and federal regulatory requirements at play. She has experience drafting policies and procedures, reviewing compliance obligations, and counseling clients on potential violations under various licensing regimes related to lending, servicing, and brokering activities. Rachael also supports clients in examinations, investigations, and responses to state and federal regulatory bodies. Her unique appreciation for lending clients who don’t fit the traditional “mold” shapes her guidance on state licensing analysis and related issues. She advises payment processors, payment companies, and money transmitters with issues ranging from error resolution and in-app purchases to the flow of funds and private card network requirements.
In previous roles, Rachael gained deep experience handling matters relating to the Bank Secrecy Act and Anti-Money Laundering (BSA/AML) and Sanctions regulations. She is also well-versed in regulatory change management, risk management, banking operations, retail/consumer banking, business banking, lending (including home, auto, and personal), card services, treasury management, merchant services, and financial product development.
With first-hand experience with how decisions are made within an organization, Rachael is adept at striking a balance between protecting her clients’ interests and addressing the line of business’ objectives. A lifelong interest in banking and financial services and her experience in risk management set Rachael up for success in this industry. She earned an MBA to round out her understanding of the financial and business principles that guide clients’ decisions.