MoFo ReEnforcement analyzes actions by state and federal regulators
NEW YORK (October 24, 2014) – Morrison & Foerster, a law firm specializing in corporate and litigation matters, has introduced MoFo ReEnforcement, a new blog addressing enforcement matters affecting the financial services sector. The blog can be found here or on Twitter at @MoFoReEnforce.
Since the enactment of the Dodd-Frank Act and the birth of the Consumer Financial Protection Bureau (CFPB), financial institutions and non-bank financial services companies have been under increasing regulatory scrutiny. MoFo ReEnforcement provides news and commentary on enforcement matters, including actions taken by federal regulators, such as the CFPB and the Office of the Comptroller of the Currency (OCC), as well as actions taken by state agencies, such as the New York Department of Financial Services and state attorneys general.
The blog is co-edited by David Fioccola and James McGuire, partners and co-chairs of the firm’s financial services litigation practice group, and James Bergin, financial services litigation partner.
“We’ve conceived MoFo ReEnforcement as a resource for financial services companies to stay current with enforcement trends,” said Mr. Fioccola, co-chair of MoFo’s financial services litigation practice.
Financial services being targeted more
Mr. McGuire, co-chair of MoFo’s financial services litigation practice, added: “With enforcement targeting the financial sector at record levels, it seemed the right time to launch a fresh platform for helping clients keep a running account of trends and key developments. We’re hoping that MoFo ReEnforcement will be a compelling and useful resource for professionals across the industry, including those charged with compliance, operations, and legal affairs.”
Morrison & Foerster advises leading U.S. financial services firms in all aspects of their global operations, including the changing arena of privacy and data breach laws. The firm also counsels non-U.S. financial institutions on compliance with regulatory matters in the United States. MoFo boasts a deep bench of financial services litigators – many with backgrounds in government enforcement – in offices throughout the United States, Europe, and Asia. The firm’s clients include many of the world’s largest banks, as well as trust companies, securities firms, insurers, credit card issuers, mortgage lenders and servicers, consumer and commercial credit firms, and their holding companies and affiliates. Industry associations often call on MoFo to prepare amicus curiae briefs in state appellate and federal courts, including the U.S. Supreme Court.
We are Morrison & Foerster — a global firm of exceptional credentials. Our clients include some of the largest financial institutions, investment banks, Fortune 100, technology, and life science companies. We are recognized for our depth and experience in financial services litigation by Chambers USA with a Tier 1 ranking and by Legal 500 as a leading firm. In the 2014 BTI Litigation Outlook, the firm was named a Finance Litigation “Standout” firm. Our lawyers are committed to achieving innovative and business-minded results for our clients, while preserving the differences that make us stronger.