Venable assists financial services clients in the development of products and services that comply with increasingly complex disclosure and procedural requirements. Innovation in business models is just as important. At the start of the century Venable assisted in the creation and growth of one of the most innovative Internet banks, which grew to be the largest Internet bank in the country. Venable has also been a leader in finding ways for insurance and banking institutions to grow together into full-service financial institutions.
We empower our clients to develop strategies for achieving business goals consistent with regulatory structures. This can include analysis of federal preemption, state usury and other state-specific requirements applicable to retail installment contracts and seller financing, open- and closed-end consumer loan products, and assistance in developing comprehensive consumer disclosures. We also provide counsel on issues related to privacy, confidentiality and data security, as well as state foreclosure and collection requirements.