Banking and Secured Lending
Whether educating lending officers as a service to our clients or handling commercial litigation related to banking matters, Clausen Miller P.C. attorneys provide a range of services to the banking industry. We advise financial institutions on regulatory compliance for bank holding companies and banking subsidiaries. Also, we concentrate on issues including truth in lending, the Community Reinvestment Act, truth in savings, the Equal Credit Opportunity Act, RESPA, fair lending, the Home Mortgage Disclosure Act, the Fair Debt Collection Practices Act and the Expedited Funds Availability Act.
Our attorneys interact directly with regulatory agencies, including the Office of the Comptroller of the Currency, the Federal Reserve and the Commissioner of Banks for the State of Illinois. In addition, we acquaint management and the boards of directors with significant changes in regulatory or legislative enactments. We handle negotiation and documentation of varied secured and unsecured commercial loan transactions with corporate borrowers and other financial institutions.
We assist in the drafting or review of compliance policies and procedures and frequently conduct compliance seminars for personnel.
Representative cases include bank check matters, litigation arising from indirect financing, consumer shareholder derivative suits, and lender liability suits.
