Locke Lord has a specialist asset finance, leasing and consumer finance division that advises many of the largest financial services companies, including banks, mortgage companies, consumer lenders, loan servicers, credit card issuers, asset finance and leasing companies, and retail credit providers on legal issues across a wide range of matters.
Our group offers the benefit of over two decades of experience, with many of our lawyers having worked in-house for major banks, finance houses and other lenders. Our wide geographic coverage allows us to co-ordinate multi-jurisdictional advice on the issues affecting our clients.
Our team has advised UK and international businesses on the UK Consumer Credit Act and financial services legislation and best practice over many years. We understand the technical issues that can arise and provide solid strategy and direction in this rapidly evolving industry. Our know-how and in-depth understanding extends beyond consumer finance and financial service advice. We are experienced in all aspects of asset and motor finance, payment services regulations, e-money and prepaid cards.
Our lawyers have advised leading banks and financial institutions on the launch of new and innovative finance products in our increasingly challenging regulatory environment. We have also provided guidance and advice to an extensive range of banks and financial institutions in relation to gaining authorisation to engage in regulated activity from the UK’s Financial Conduct Authority and subsequently ensuring ongoing compliance with the requirements of the regulatory regime. Whether a business operates in the more traditional paper environment or online, we take a practical approach to advising clients to ensure they are fully compliant with the relevant regulatory and legal requirements and have in place the correct customer journey, process and procedures for their business.