Best Financial Services Regulation Lawyers in Washington

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Bailey Glasser
Washington, United States

Founded in 1999
123 people in their team
English
Founded by Ben Bailey and Brian Glasser in 1999 in Charleston, West Virginia, Bailey Glasser has grown to include 76 lawyers, with 17 offices across the United States. The firm’s complex litigation practice focuses on high-stakes commercial litigation; class actions for consumers, insureds,...
Greenberg Traurig, LLP.
Washington, United States

Founded in 1967
2,300 people in their team
English
Five decades ago, while at lunch in a South Florida deli, attorneys Larry J. Hoffman, Mel Greenberg, and Robert Traurig saw an opportunity to establish a new breed of law firm for South Florida; a firm that mirrored a New York style firm. In 1967, they founded the law firm Greenberg Traurig...
Dorsey & Whitney LLP
Washington, United States

Founded in 1912
1,390 people in their team
English
worldwide advantageYOUR BUSINESS REQUIRES AN ADVANTAGE, AN EDGE, TO SUCCEED IN A HIGHLY COMPETITIVE WORLD.Dorsey’s lawyers and staff can help you gain that edge by applying superb legal knowledge and skills with practical wisdom and a deep understanding of your business and industry.We serve...

Founded in 1994
1,000 people in their team
English
WilmerHale is a leading, full-service international law firm with 1,000 lawyers located throughout 13 offices in the United States, Europe and Asia. Our lawyers work at the intersection of government, technology and business, and we remain committed to our guiding principles of:providing...
Arnold & Porter Kaye Scholer LLP
Washington, United States

Founded in 1946
2,057 people in their team
English
At Arnold & Porter, we are client-driven and industry-focused. Our lawyers practice in more than 40 practice areas across the litigation, regulatory and transactional spectrum to help clients with complex needs stay ahead of the global market, anticipate opportunities and address issues that...
Karbal & Co
Washington, United States

Founded in 2002
5 people in their team
English
Arabic
Karbal & Co provides consultancy and arbitration services to clients on the laws of Libya, and our team of lawyers advises on the laws of the jurisdictions of the Middle East and North Africa. As the leading Libyan law firm, we offer services to private and public clients,  international...
Pierce Atwood LLP
Washington, United States

Founded in 1891
298 people in their team
English
Pierce Atwood LLP is a highly-regarded full-service law firm based in New England, recognized nationally and internationally for its expertise in complex and class action litigation, energy production and distribution, midmarket mergers and acquisitions, information security and technology,...
Ice Miller LLP
Washington, United States

Founded in 1910
350 people in their team
English
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 world.Our diverse client base ranges from start-ups to Fortune 500 companies and from governmental entities to educational organizations and pension funds. We...
Skadden, Arps, Slate, Meagher & Flom LLP
Washington, United States

Founded in 1948
1,700 people in their team
English
The traits that fueled Skadden’s rise from a New York startup to a global powerhouse - collaborative, innovative, persistent - continue to define our firm culture. We remain intensely focused on the simple formula of developing an inclusive complement of extraordinary attorneys, working together...
Gordon Rees Scully Mansukhani, LLP.
Washington, United States

Founded in 1974
1,688 people in their team
English
As the only law firm with offices and attorneys in all 50 states, we deliver maximum value to our clients by combining the resources of a full-service national firm with the local knowledge of a regional firm. Featuring more than 1,000 lawyers nationwide, we provide comprehensive litigation and...
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About Financial Services Regulation Law in Washington, United States

Financial Services Regulation in Washington, United States, encompasses the laws and rules governing financial markets and institutions. This includes banks, credit unions, investment firms, and insurance companies. The goal of these regulations is to ensure the financial system's stability, protect consumers, and promote fair competition. The Washington State Department of Financial Institutions (DFI) is the primary regulatory body overseeing financial institutions in the state. It ensures that entities comply with the state’s regulatory framework, safeguarding the economic health and public interest.

Why You May Need a Lawyer

Engaging with financial services involves navigating a complex web of regulations and legal requirements. You may require a lawyer if:

  • You are starting a financial services business and need guidance on compliance with local regulations.
  • You're facing issues with loans or mortgages, such as disputes or foreclosure.
  • You suspect fraudulent financial activities or have been a victim of such practices.
  • Your organization needs assistance with regulatory compliance and reporting.
  • You face enforcement actions from regulatory bodies.
  • You need to understand privacy laws and data protection regulations impacting financial transactions.

Local Laws Overview

Key aspects of financial services regulation in Washington include:

  • Licensing Requirements: Businesses offering financial services must obtain the necessary licenses from the DFI. This ensures they meet the minimum standards for operation.
  • Consumer Protection: Washington has laws protecting consumers from unfair practices in lending and financial services. This includes regulations on interest rates and fee disclosures.
  • Anti-Money Laundering (AML) Compliance: Financial entities must comply with state and federal laws designed to prevent money laundering activities.
  • Data Privacy: Companies handling consumer data must adhere to privacy laws that protect personal information in financial transactions.
  • Insurance Regulations: The Washington Office of the Insurance Commissioner oversees the insurance sector to ensure fair practices and consumer protection.

Frequently Asked Questions

What is the role of the Washington State Department of Financial Institutions?

The DFI regulates financial institutions in Washington to ensure compliance with state laws, protect consumers, and maintain financial stability.

How can I verify if a financial services provider is licensed?

You can verify a provider's license through the DFI’s online database on their official website.

What should I do if I suspect a financial scam?

If you suspect a scam, report it to the DFI and the Washington Attorney General’s office for investigation and assistance.

Are there state-specific consumer protection laws in Washington?

Yes, Washington has specific laws, such as the Consumer Loan Act and Mortgage Broker Practices Act, designed to protect consumers.

Can my bank charge any interest rate it wants?

No, there are regulations that limit the rates banks can charge, and these must be disclosed before any agreement is signed.

Is there legal support for financial service start-ups?

Yes, there are legal firms specializing in regulatory compliance for financial service start-ups, providing guidance through licensing and operational setup.

What are the penalties for non-compliance with financial regulations?

Penalties can include fines, license revocation, and legal actions, depending on the severity of the non-compliance.

How can I file a complaint against a financial institution?

Complaints can be filed with the DFI through their website or by contacting them directly via phone or mail.

Do financial regulations apply to online financial services?

Yes, online financial services must comply with the same state and federal regulations as traditional financial institutions.

Who oversees banking operations in Washington?

The DFI oversees state-chartered banks, whereas the Federal Deposit Insurance Corporation (FDIC) provides additional oversight at the federal level.

Additional Resources

For more information and assistance, consider reaching out to the following resources:

  • Washington State Department of Financial Institutions (DFI): Primary regulatory body for financial services.
  • Washington Attorney General’s Office: Offers consumer protection services and handles financial fraud complaints.
  • Federal Deposit Insurance Corporation (FDIC): Provides oversight and deposit insurance for banks.
  • Washington Bankers Association: Offers resources and support to banks operating within Washington.
  • Credit Union National Association (CUNA): Provides guidance for credit unions.

Next Steps

If you need legal assistance in financial services regulation, consider the following steps:

  1. Assess your particular needs, whether they involve compliance, defense against enforcement actions, or starting a new business.
  2. Research and compile a list of lawyers or law firms specializing in financial services regulation in Washington.
  3. Consult with potential lawyers to discuss your case and determine the right fit for your legal needs.
  4. Gather all relevant documentation and information regarding your financial service legal issue to prepare for discussions with your legal counsel.
  5. Stay informed about ongoing regulatory changes by subscribing to updates from the DFI or relevant legal publications.
Lawzana helps you find the best lawyers and law firms in Washington through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Financial Services Regulation, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Washington, United States - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.