Benjamin Saul is a shareholder in the firm’s Financial Regulatory and Compliance Practice. For two decades, Ben has been a trusted advisor to banks, FinTechs, consumer and commercial lenders, payments companies, officers and directors and investors on high-stakes regulatory, enforcement, litigation and transactional matters.
Since the CFPB’s 2011 inception, Ben has helped clients navigate dozens of contentious supervisory, enforcement, and litigation matters involving the Bureau. He also assists clients regularly in matters involving the FTC, DOJ, HUD, OCC, FRB, FDIC, state financial services authorities, state attorneys general, and state civil rights commissions. Ben’s enforcement matters have concerned anti-discrimination and fair lending (including algorithmic bias), unfair deceptive or abusive trade practices, other federal and state consumer finance laws, payments and card network issues, AML/BSA, troubled or failed banks, fiduciary duties, financial institution fraud, leveraged lending, supervisory ratings, and other safety and soundness issues. These matters often have involved parallel proceedings by multiple enforcement agencies and private parties.
Ben’s regulatory practice includes advising lenders, servicers, money services businesses, various FinTech platforms and program managers, digital banks, SaaS companies, e-commerce companies and retailers, e-sports companies, personal finance companies, and crypto and digital asset companies on cutting-edge financial product and service development, licensing and chartering, structuring and negotiating joint venture, outsourcing and bank partnership agreements, compliance program enhancement, and the applicability of federal and state financial services laws. Such matters frequently involve new technologies such as artificial intelligence and blockchain.
Ben also advises private equity funds, venture capital funds, hedge funds, and strategic investors on risk identification and mitigation and obtaining necessary regulatory approvals for financial services and FinTech mergers and acquisitions and other investments. He likewise provides financial services regulatory advice to issuers and underwriters of public and private securities offerings.
- Consumer Financial Protection Bureau
- Government investigations
- Federal and state regulation of credit, payments and other financial services
- Anti-discrimination, fair lending, fair servicing, and responsible banking
- FinTech – credit, other financing, payments, crypto/digital assets
- Consumer finance – mortgage, cards, student, auto, small dollar, BNPL
- Troubled Banks
- Defense of consumer finance litigation claims