Banking and Financial Services Under the Trump Administration: Fintech, Payments, Regulatory and Enforcement Priorities

Mr. Bonici advises domestic and international financial institutions on regulatory, supervisory, and enforcement issues. He also represents fintechs and nonbank tech companies and supports the firm's M&A work in the middle-market financial services space, drawing on 15+ years in private legal practice and government experience—including at the FDIC and the IMF—to help clients navigate complex and evolving laws, expectations, and enforcement priorities. Financial services providers look to Mr. Bonici for advice on chartering, powers and structure issues, and compliance with regulations and standards set by the Federal Reserve, FDIC, OCC, CFPB, FinCEN, OFAC, and state banking regulators. He counsels on permissible activities, controlling and noncontrolling equity investments, third-party relationships, prudential requirements, the Dodd-Frank Act and the Volcker Rule, digital assets, and deposit insurance issues, including applications and coverage, brokered deposits, and passthrough insurance. He helps financial institutions and fintechs partner to establish financial services solutions, platforms, and products and services. He also helps non-U.S. banks and fintechs enter the U.S. market.

Clients in the financial services sector regularly seek out Ms. Ireland for advice and counseling pertaining to regulatory matters, white collar defense, and high-stakes government/internal investigations. She has defended a wide range of companies in class actions and successfully won cases at all stages of litigation. Ms. Ireland frequently works with companies and audit committees in connection with internal investigations, regulatory defense, and white collar criminal matters. She has worked on multiple investigations in connection with whistleblower allegations. Ms. Ireland has also worked with banking clients on multiple Consumer Financial Protection Bureau enforcement and supervisory actions, and has represented clients in matters against the Department of Justice, Office of the Comptroller of the Currency, Federal Reserve Bank, Commodities Futures Trading Commission, National Futures Association, Senate Permanent Subcommittee on Investigations, and Federal Trade Commission, among other government/regulatory entities. She presents regularly about the topic of attorney-client privilege and has represented companies in connection with unique privilege-related issues.

Mr. Beam counsels clients in connection with a broad range of transactional, regulatory, and other matters relating to payment systems and credit products, with an emphasis on legal issues that arise from the innovative use of technology in financial services. His clients represent a broad spectrum of the financial services industry. They include major global financial institutions, fintech companies, money service businesses, investments banks, and payment system operators, among others. Mr. Beam is consistently recognized as one of the top payments and fintech lawyers in the United States by leading lawyer rating services.