FINANCIAL SERVICES REGULATORY QUICK FACTS

Attorneys focused on financial services and regulatory issues who regularly deal with, or who formerly served as senior officials and legal counsel of, federal and state agencies responsible for the supervision of banks and other financial institutions including the:

    Office of the Comptroller of the Currency
    Federal Deposit Insurance Corporation
    Federal Reserve Board
    Consumer Financial Protection Bureau
    Financial Crimes Enforcement Network (FinCEN)
    Federal Housing Finance Agency
    Department of Housing and Urban Development
    Federal Financial Institutions Examination Council
    Financial Stability Oversight Council
    Commodities Futures Trading Commission
    Department of Justice
    Department of Treasury
    Securities and Exchange Commission
    Office of Management and Budget
    Federal Trade Commission

HONORS AND AWARDS

Recognized by Chambers USA

Ranked in U.S. News - Best Lawyers "Best Law Firms," 2011 - 2017

Ranked among the nation's top firms for Financial Services:

    Regulatory in Legal 500
 

Resolution of Depository Institutions



Banking institutions that achieve a certain size trigger the unenviable task of creating a Living Will, a plan to enable regulators to quickly resolve the institution in the unlikely event that it fails. The standards for such plans continue to evolve. Venable can advise institutions that find themselves crossing the threshold or who are facing supervisory criticism for past efforts.

For decades, Venable has worked extensively on the problems associated with failing and failed banks. Whether bidding on a failing institution or purchasing assets from the FDIC following a failure, our team is well versed in the complexities of acquiring troubled institutions, including dealing with the FDIC in its dual capacities as receiver and corporation. We help qualify clients with the FDIC as bidders for failing institutions, prepare bid packages, negotiate purchase and assumption and loss sharing agreements, and monitor failed bank agreements and loss sharing. Our attorneys also assist with bidding on loans and other assets held by the FDIC, as well as compromising loans and other claims by borrowers.

Venable can also assist the bankruptcy estate of bank holding companies to retain tax refunds held by the estate against claims of the FDIC as receiver of a subsidiary bank. We also defend management of failed institutions against claims asserted by the FDIC as receiver.