As a former senior enforcement attorney with the CFPB, James provides the industry knowledge and expertise that fintechs and financial institutions require when launching new products or facing regulatory scrutiny.
James leads the firm's Fintech Industry Group. He advises fintechs, banks, investors, and other clients regarding federal and state consumer financial laws and regulations, including Title X of the Dodd-Frank Act (UDAAP), TILA, RESPA, EFTA, and the FCRA. He helps clients navigate examinations and investigations with the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board, Federal Trade Commission (FTC), and various state agencies.
James also assists clients with product development, regulatory due diligence, and matters involving innovative products and issues, such as banking as a service (BaaS), student loans, data aggregation, credit and prepaid cards, and online lending.
James served as a senior enforcement attorney with the CFPB, where he coordinated with the FTC, Office of the Comptroller of the Currency, FDIC, Federal Communications Commission, and state attorneys general. He was lead counsel in the CFPB's first enforcement actions involving mobile payments, and a member of an interdepartmental credit card/prepaid card/emerging payments issue team.
James is highly rated by Chambers USA, which uses client and peer feedback to list top attorneys in private practice. As one client told Chambers: "James is excellent. He came from the CFPB so he has the insider knowledge…He has a very strong background in enforcement and supervision matters, a very quick turnaround time and meets the deadline every single time."
Representative matters may include engagements before joining Troutman Pepper.
Consumer Financial Services Law Monitor
06.20.24
Colorado Federal Court Enjoins State Enforcement of DIDMCA Opt-Out Legislation Against Out-Of-State Lenders
Consumer Financial Services Law Monitor
06.05.24
Contract Terms and Conditions Come Under CFPB Scrutiny
Press Coverage
05.30.24
Digital Channels Create Consumer Compliance Struggles for Banks
Consumer Financial Services Law Monitor
05.23.24
CFPB Rules Buy Now, Pay Later Lenders Must Offer Key Credit Card Protections
Consumer Financial Services Law Monitor
05.17.24
The Decision Is In: The Supreme Court Upholds the CFPB’s Funding Structure
Troutman Pepper Financial Services
04.30.24
Banking-as-a-Service Players at Crossroads Weighing Growth, Compliance Costs