FINANCIAL INSTITUTIONS ADVISORY
As increasing globalization continues to create greater complexity for financial services companies, financial institutions are constantly challenged to understand a wide range of issues and developments. Banks and other financial firms must stay informed of new regulatory initiatives while at the same time implementing any program modifications and reforms required by regulators, monitoring and responding to new risks, and continuing to explore strategic opportunities in emerging markets.
To meet the challenges of the financial services regulatory environment, The Stark Firm, PLLC provides clients with a comprehensive approach to address the legal requirements, issues and problems confronted by domestic and foreign financial institutions in today's complex compliance environment. Our lawyers thoroughly understand the fundamental concepts and interrealtionshps of these complex laws and regulations as well as the nuances necessary to navigate through them both safely and favorably. We also assist our clients with SCRA compliance, Bank Secrecy Act (BSA) compliance and navigating domestic and foreign anti-money laundering and anti-corruption regulations. With a wealth of experience, a strong technical understanding and a firm grasp of the issues that financial institutions fact, our attorneys formulate practical solutions to address our client’s needs.
Our lawyers also frequently provide legal advice and assistance to banks in structuring the sale and delivery of retail products and services to their customers, and in preparing the contractual documents necessary to effect the transactions. In this respect, we are knowledgeable of the privacy, licensing and consumer protection laws and regulations governing these services and products, including the Gramm-Leach-Bliley Act, the SAFE Act, Consumer Protection Act, BASEL III, the Electronic Funds Transfer Act, Check 21 and Truth in Savings and other reform efforts. Our lawyers routinely assist financial institutions in the development of their treasury management products and services, including positive pay agreements, remote deposit capture agreements and ACH agreements. We also have drafted and advised banking clients on information sharing and joint marketing agreements with other financial institutions and on networking agreements with securities broker-dealers pursuant to the Interagency Statement on the Retail Sale of Nondepository Investment Products.