Ensuring Robust Compliance in a Highly Regulated Environment
In today's complex financial services landscape, compliance with federal and state regulations is essential for lenders, fintech companies, banks, and other financial institutions. One Legal Sqaure Ltd provides comprehensive regulatory and compliance advisory services to help clients mitigate risks, avoid costly penalties, and maintain operational integrity.
Our experienced attorneys stay abreast of evolving regulations from agencies such as the Consumer Financial Protection Bureau (CFPB), Federal Reserve, FDIC, OCC, and state banking departments. We guide clients through the intricacies of compliance, offering proactive strategies and practical solutions tailored to their business models.
Key Areas of Compliance Expertise
One Legal Sqaure Ltd assists clients in ensuring compliance with a wide range of banking and financial regulations, including:
- Banking and Financial Regulations – Advising on compliance with federal laws such as the Bank Secrecy Act (BSA), Dodd-Frank Act, Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA), and Fair Credit Reporting Act (FCRA), as well as state-specific banking statutes.
- Consumer Lending Laws – Guidance on responsible lending practices, fair lending requirements, and protections against discriminatory practices under regulations like the Home Mortgage Disclosure Act (HMDA) and state consumer protection laws.
- Usury and Interest Rate Caps – Analysis of applicable usury limits, exportation of rates for national banks and federally insured institutions, and structuring loans to comply with state and federal interest rate restrictions.
- Disclosure Requirements – Ensuring accurate and timely disclosures for loans, deposits, and other financial products in accordance with TILA, Regulation Z, and other mandatory disclosure rules.
Licensing and Operational Compliance
We provide detailed counsel on:
- Advising on Licensing Requirements for Lenders – Determining necessary state and federal licenses for mortgage lending, consumer finance, money transmission, and other activities; assisting with applications, renewals, and examinations.
- Anti-Money Laundering (AML) and Know Your Customer (KYC) Compliance – Developing and implementing robust AML programs, including risk assessments, customer due diligence (CDD), enhanced due diligence (EDD) for high-risk clients, transaction monitoring, suspicious activity reporting (SARs), and compliance with FinCEN regulations.
Whether you are a traditional financial institution, fintech startup, or non-bank lender, One Legal Sqaure Ltd offers strategic advisory services to navigate audits, examinations, enforcement actions, and regulatory changes. Our goal is to help you build a compliant framework that supports growth while minimizing legal and reputational risks.
For more information on how we can assist you with your specific legal matters or questions, reach out to us here.