Locke Lord’s financial services team has a specialised asset finance, leasing and consumer finance division that advises many financial services companies including banks, mortgage companies, consumer lenders, loan servicers, credit card issuers, asset finance and leasing companies, and retail credit providers on contentious and non-contentious issues across a wide range of matters.
Our lawyers work across key global industry sector groups, ensuring that our clients receive the most up-to-date, focused and commercially relevant advice to them from other sectors and businesses as well as the one in which they operate.
We have been and are instrumental in guiding our clients through changes to legislation and regulation impacting the asset finance, motor and consumer finance sectors as well as supporting other related areas such as payment services, cards and e-money.
Our team have advised on the launch of new and innovative finance products helping their clients to compete in an ever challenging market. They provide guidance, assistance and advice both on gaining authorisation from the Financial Conduct Authority (FCA) and ensuring ongoing compliance with all aspects and requirements of the FCA’s regulatory regime.
Our clients range from global banks and financial institutions (including finance companies, savings associations, building societies, insurers, credit unions and credit card issuers) to small banks, finance houses and Fintech businesses covering all elements of commercial, retail and corporate banking.
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.
We work closely with our employment team which also has a significant financial services focus. The team’s experience includes advising on CRD IV remuneration issues, defending bonus claims, advising on disciplinary and grievance issues involving whistleblowing and other regulatory issues and defending banks and other financial institutions in Employment Tribunal.