A recognized expert in the field of consumer financial protection with extensive experience in regulation and supervision of the myriad statutes affecting retail banking, Leonard Chanin counsels financial institutions on consumer financial services law issues. Mr. Chanin regularly advises clients on issues relating to the Truth in Lending Act, Electronic Fund Transfer Act, Fair Credit Reporting Act, Truth in Savings Act and Equal Credit Opportunity Act.
Before rejoining Morrison & Foerster, Mr. Chanin served as the Assistant Director of the Office of Regulations of the Consumer Financial Protection Bureau. There, he headed the agency’s rulemaking team by supervising nearly 40 lawyers responsible for promulgating rules and regulations implementing consumer financial protection legislation. He also provided legal opinions to Bureau supervisory and enforcement offices on federal consumer financial protection laws.
Prior to joining the CFPB, Mr. Chanin served as Deputy Director of the Division of Consumer and Community Affairs at the Federal Reserve Board. During his tenure at the Federal Reserve Board, Mr. Chanin provided legal opinions and policy recommendations to the Board and the Division on federal consumer financial services laws, negotiated rules and policies with the other federal banking agencies and provided legal views on enforcement actions against state member banks. From 1999-2005, Mr. Chanin was Of Counsel in Morrison & Foerster’s Financial Services group in Washington, D.C., where he counseled clients on federal consumer financial services laws.
While attending Washington University School of Law in St. Louis, Mr. Chanin was on the board of the Washington University Law Review.
Mr. Chanin is a fellow of the American College of Consumer Financial Services Lawyers.