What are the responsibilities and job description for the Senior Regulatory Counsel - Established Financial Services Company position at Larson Maddox?
Senior Regulatory Counsel | Consumer Financial Services
A well-established financial services company specializing in the consumer finance space is looking to add a Senior Regulatory Counsel to its legal team. This individual will serve as a key regulatory advisor to the business, helping navigate the complex federal and state regulatory landscape applicable to consumer financial products and services.
Key Responsibilities
- Serve as a subject matter expert on consumer financial services laws and regulations, advising legal, compliance, product, operations, and business stakeholders.
- Provide guidance on regulatory requirements including TILA, ECOA, FCRA, FDCPA, UDAAP, EFTA/Reg E, GLBA, and other federal and state consumer finance laws.
- Advise on the development, launch, and ongoing management of consumer financial products, including regulatory considerations around lending, servicing, collections, marketing, disclosures, and customer communications.
- Monitor developments from the CFPB, FTC, federal banking regulators, and state regulators and advise the business on the practical impact of regulatory changes.
- Partner closely with compliance and business teams on regulatory examinations, inquiries, licensing matters, policies, and risk mitigation initiatives.
Ideal Background
- 5 years of legal experience focused on consumer financial services regulatory matters.
- Strong knowledge of the federal and state laws governing consumer lending and other consumer financial products.
- Experience gained within a financial institution, fintech, consumer lender, specialty finance company, or law firm with a leading consumer financial services regulatory practice.
- Comfortable providing practical, business-oriented advice in a fast-moving environment and working directly with senior stakeholders.
- J.D. and active bar membership required.