Ballard Spahr LLP

Known for its expertise in advising clients on a wide range of consumer financial services issues, Ballard Spahr LLP represents banking institutions, fintech companies, and investors in complex regulatory, supervisory, and enforcement matters, particularly those involving the CFPB and other agencies. The firm is recognized for its experience in handling matters related to privacy, cybersecurity, big data, and artificial intelligence, and continues to be a leader in representing payment systems and other fintech firms. The practice also has a strong focus on providing regulatory due diligence support for private equity firms, investment bankers, and other professional investors in transactions involving consumer financial services companies. Co-leading the firm is John Socknat, based in Washington DC., who advises clients on regulatory compliance, licensing, examinations, audits, and enforcement actions, while also assisting with product design and transactional matters and Philadelphia based Daniel McKenna who specializes in high-stakes litigation, including class actions and arbitration, with a focus on mortgage, auto, and credit card loan-related issues. Joseph Schuster joined the firm in 2024, known for his expertise in financial services matters. Mike Kilgarriff is also another new arrival from Kirkland & Ellis LLP.