Best Banking & Finance Lawyers in New York

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Davies & Associates, LLC

Davies & Associates, LLC

New York, United States

Founded in 2020
100 people in their team
Davies & Associates ("D&A") has grown to become the largest global law firm specializing in US, UK and Italian business and investment...
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Potomac Law Group, PLLC.

Potomac Law Group, PLLC.

New York, United States

125 people in their team
Innovation, Excellence, and ProfessionalismPotomac Law is committed to innovation, excellence, and professionalism. Our value stems directly from the...
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Arnold & Porter Kaye Scholer LLP

Arnold & Porter Kaye Scholer LLP

New York, United States

Founded in 1946
2,057 people in their team
At Arnold & Porter, we are client-driven and industry-focused. Our lawyers practice in more than 40 practice areas across the litigation,...
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Stinson LLP

Stinson LLP

New York, United States

Founded in 2002
985 people in their team
Complex legal challenges are best approached with sharp insight and creative solutions. At Stinson, our attorneys combine industry knowledge and...
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Cooper Levenson Attorneys at Law

Cooper Levenson Attorneys at Law

New York, United States

Founded in 1957
75 people in their team
Hundreds of Years of Combined Legal ExperienceThe law firm of Cooper Levenson, P.A., established in 1957, is a full-service law firm with 75...
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Wilmer Cutler Pickering Hale and Dorr LLP®

Wilmer Cutler Pickering Hale and Dorr LLP®

New York, United States

Founded in 1994
1,000 people in their team
WilmerHale is a leading, full-service international law firm with 1,000 lawyers located throughout 13 offices in the United States, Europe and...
English
Ice Miller LLP

Ice Miller LLP

New York, United States

Founded in 1910
350 people in their team
Built on a foundation of legal service more than a century long, Ice Miller LLP is committed to helping our clients stay ahead in a changing...
English
Skadden, Arps, Slate, Meagher & Flom LLP

Skadden, Arps, Slate, Meagher & Flom LLP

New York, United States

Founded in 1948
1,700 people in their team
The traits that fueled Skadden’s rise from a New York startup to a global powerhouse — collaborative, innovative, persistent — continue to...
English
Dorsey & Whitney LLP

Dorsey & Whitney LLP

New York, United States

Founded in 1912
1,390 people in their team
worldwide advantageYOUR BUSINESS REQUIRES AN ADVANTAGE, AN EDGE, TO SUCCEED IN A HIGHLY COMPETITIVE WORLD.Dorsey’s lawyers and staff can help you...
English
Young Conaway Stargatt & Taylor, LLP.

Young Conaway Stargatt & Taylor, LLP.

New York, United States

Founded in 1959
229 people in their team
The Delaware legal community works fast and works smart. We have to. Cases come to us from all 50 states, all the time, from companies seeking the...
English

About Banking & Finance Law in New York, United States

Banking & Finance Law in New York, United States refers to the legal framework that governs the activities and relationships within the banking and financial industries in the state. It encompasses various aspects such as banking regulations, securities laws, consumer protection, and corporate finance. New York is widely regarded as a global financial center, with Wall Street being home to major banks, investment firms, and stock exchanges.

Why You May Need a Lawyer

There are several common situations where you may require legal help in the field of Banking & Finance. These include:

  • Obtaining a loan or mortgage
  • Dealing with debt collection or foreclosure
  • Navigating complex financial transactions
  • Facing regulatory investigations or enforcement actions
  • Resolving disputes with financial institutions or investors

Local Laws Overview

In New York, several key laws and regulations are particularly relevant to Banking & Finance. These include:

  • The New York Banking Law, which governs banking activities and the operation of banks within the state.
  • The New York Financial Services Law, which regulates financial services providers, including banks, insurers, and securities firms.
  • The Martin Act, a powerful state law that empowers the Attorney General to investigate and prosecute financial fraud and securities violations.
  • The Dodd-Frank Wall Street Reform and Consumer Protection Act, a federal law that introduced significant reforms to the financial industry in response to the 2008 financial crisis.

Frequently Asked Questions

1. Can I sue my bank for predatory lending practices?

Yes, if you believe your bank engaged in predatory lending practices, such as deceiving you about loan terms or charging excessive fees, you may have grounds to sue. Consult with a lawyer experienced in Banking & Finance to evaluate your situation and explore your options.

2. What are the main regulations I should be aware of when starting a financial services company in New York?

When starting a financial services company in New York, you should be familiar with the regulations imposed by the New York Department of Financial Services (NYDFS). These regulations cover licensing requirements, capitalization standards, cybersecurity measures, and ongoing compliance obligations.

3. How can I protect my rights as a consumer in financial transactions?

As a consumer, you have certain rights in financial transactions. To protect these rights, familiarize yourself with relevant consumer protection laws, such as the Truth in Lending Act, which mandates clear disclosure of loan terms, and the Fair Debt Collection Practices Act, which regulates debt collection practices.

4. What are the potential consequences of securities fraud in New York?

Securities fraud can result in severe penalties, both civil and criminal. Violators may face fines, imprisonment, disgorgement of ill-gotten gains, and may also be subject to private lawsuits from affected investors. It is vital to consult with a lawyer experienced in securities laws if you suspect fraud or are facing allegations.

5. Can I negotiate with my bank to modify the terms of my mortgage?

Yes, many banks are willing to negotiate with borrowers to modify the terms of their mortgages, especially during times of financial hardship. It is advisable to seek legal assistance to understand your options, negotiate effectively, and ensure any modification agreements protect your interests.

Additional Resources

  • New York Department of Financial Services (NYDFS) - Website: https://www.dfs.ny.gov/
  • New York State Attorney General - Website: https://ag.ny.gov/
  • US Securities and Exchange Commission (SEC) - Website: https://www.sec.gov/
  • Financial Industry Regulatory Authority (FINRA) - Website: https://www.finra.org/

Next Steps

If you require legal assistance in the field of Banking & Finance in New York, United States, here's what you can do:

  • Identify the specific issue or situation you need assistance with.
  • Research and shortlist lawyers who specialize in Banking & Finance law in New York.
  • Schedule consultations with the selected lawyers to discuss your case and evaluate their expertise.
  • Choose a lawyer who understands your needs and can provide the necessary legal guidance.
  • Work closely with your lawyer to navigate through the legal processes and achieve the best possible outcome.
Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.