With increasing competition from out-of-state banking conglomerates and more stringent compliance requirements at the federal level, it can feel more challenging than ever for Mississippi financial institutions in order to thrive in our current economy. Which is why it has never been more important for banks and related financial institutions in the state to make sure they are taking all necessary steps to maintain compliance not only with federal standards but also Mississippi standards. The business pages and TV news are rife with stories of financial institutions that have come under fire for failing to comply with state and federal regulatory requirements, and a few mistakes can snowball into significant and even catastrophic consequences for your financial institution. At Herrington Law, our experienced attorneys work with financial institutions across Mississippi to ensure compliance with state and federal regulatory requirements and manage all relevant risks.
How We Help Our Banking Clients
Our banking compliance team will work with you to fully assess your relevant compliance needs, and we can act to oversee all risks related to state and federal banking compliance or focus specifically on an area of concern, such as a particular transaction or a new field of banking in which your institution wishes to conduct business.
We will work with you to assess, manage, and respond to Mississippi state compliance risks (as well as foreign state compliance matters as they arise) either as part of your institution’s regular compliance efforts or in response to regulators with issues relating to:
- Mortgages and foreclosure policies and practices
- Consumer and auto lending
- Retail banking
- Credit cards
- General consumer protection
- Internal compliance issues
As your legal team, we will work to improve your compliance practices and procedures (including drafting and implementing procedures) while also responding to regulatory inquiries and representing your institution in all compliance matters.
Contact Us Today to Discuss Your Business
At Herrington Law, we have a time-tested approach of always putting the needs of our clients above our own. When you work with Herrington Law in meeting your Mississippi banking compliance needs, our team will work with you to evaluate all of your relevant risks and respond accordingly while completing our work in a manner that fits both the needs of your institution and your budget. Contact our office today to set up a free consultation to determine how we can be of service to your financial institution.
WHAT WE OFFER
Herrington Law provides counsel regarding:
- Federal / State Banking Laws
- Securities / Blue Sky Laws
- Lending Laws / Compliance
- Consumer Protection
- Risk Management
- Dodd-Frank Rules
- Data Breaches
- Customer Confidentiality