The practice at Mayer Brown was reinforced in January 2023, with former Sidley Austin LLP lawyers Tim Nagy and Michael Hyatte both joining the firm, with the former focusing on broker-dealer regulations, including SEC and FINRA investigations, and the latter advising on rules governing securities offerings and private placements under the Securities Act of 1933 and the Securities Exchange Act of 1934 among others. The team is noted for its work in the payments sector, while also advising consumer credit lenders on ECOA compliance across a range of lending programs, including mortgages. Leadership of the practice is shared between Jeffrey Taft, who is well versed in matters under the BHCA and Fair Credit Reporting Act, with his colleague Steven Kaplan concentrating on the licensing and operation of consumer credit institutions, such as mortgage lenders and card issuers. Co-heading the practice from New York, Steffen Hemmerich counsels broker-dealers on SEC regulations and those concerning blockchain and other digital assets. All lawyers are Washington DC-based unless otherwise specified.
Testimonials
Collated independently by Legal 500 research team.
- 'Mayer's advice stands out as being particularly commercial - their consumer financial services lawyers have deep knowledge of not just the law but also the market, and instead of raising issues, they focus on finding solutions.'
- 'Steve Kaplan has unsurpassed industry knowledge, particularly in the secondary market - when a legal problem requires knowing what is "market" for loan investors, he's the go-to person.'
- 'I am amazed by the way their banking practice blends extensive expertise with practical, business-oriented guidance. They possess a deep understanding of market trends and avoid promoting outdated, theoretical perspectives.'
- 'The Mayer Brown banking regulatory team has a deep historical and institutional knowledge of our bank, which makes it very easy and efficient for us to work with them. They are always available, even on short notice, to assist us even with little questions and smaller matters and are generous with their time, which we always appreciate.'
Key clients
- HSBC
- Canadian Imperial Bank of Commerce
- Desjardins Group
- Sumitomo Mitsui Banking Corporation
- Ally Financial
- Charles Schwab Corporation
- Bank of Montreal
- Société Générale
- Goldman Sachs
- Bayview
- American Express Company
- Square
- KKR
- Rent-a-Center
- Wells Fargo
- Citibank
- Finance of America
- USAA
- Redfin
Practice head
The lawyer(s) leading their teams.
Jeffrey Taft, Steve Kaplan, Steffen Hemmerich