Banks Face New Obligations in Underwriting, Risk Analysis, and Management of Leveraged Lending
Joseph Lynyak Comments on the OCC’s New Head of Consumer Law
Joseph T. Lynyak, III
Mr. Lynyak focuses his practice on the regulation and operation of financial service intermediaries. Mr. Lynyak’s practice includes the representation of foreign and domestic banks, savings associations, holding companies, mortgage banking companies and their subsidiaries and affiliates. He provides financial intermediaries advice in the areas of strategic planning, application and licensing, legislative strategy, commercial and consumer lending, examination, supervision and enforcement and general corporate matters.
Mr. Lynyak’s regulatory experience includes the sophisticated interrelating of numerous federal and state statutes and regulations, including the impact of applicable funds transfer laws such as AML, FinCEN regulations and interpretations and OFAC compliance. He regularly counsels financial intermediaries on all aspects of complex operational compliance involving these regulatory obligations, including assisting in examinations, investigations and corrective measures.
Mr. Lynyak is a nationally recognized leader in the area of supervision and enforcement, including the defense of depository institutions and their affiliated companies and persons in administrative and fair lending claims, and also participates on a regular basis in defending class action lawsuits filed against financial intermediaries.
Mr. Lynyak is resident in both the Los Angeles and Washington, D.C. offices of the Firm and represents clients before federal and state regulatory agencies such as the Federal Reserve Board, the OCC, the FDIC, the DOJ, the FTC and the California and New York Banking Departments on a complete range of issues related to the operation and regulation of financial service intermediaries. Among other things, this advice includes supervision and enforcement, operational and strategic planning matters.
ABA - Banking Law Committee; ABA - past chair of its Retail Subcommittee; ABA – past chair of its Subcommittee on FDIC Receiverships and Conservatorships; ABA – past chair of its Task Force on Derivatives; ABA - Consumer Financial Services Committee; Mortgage Bankers Association; and the California Mortgage Bankers Association