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Lexology In-Depth: hot topics in consumer finance law

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Jeremy Mandell and Calvin Funk speak with The Lexology In-Depth Podcast to discuss the latest developments in consumer finance...

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Jeremy Mandell and Calvin Funk speak with The Lexology In-Depth Podcast to discuss the latest developments in consumer finance law, from evolving consumer demands to key considerations for structuring strategic partnerships. Jeremy and Calvin are editors of <a href="/resources/insights/260218-in-depth-consumer-finance-law" target="_blank">Lexology In-Depth: Consumer Finance Law</a>. Topics discussed include: evolving consumer demands, regulatory approaches to an increasingly digital industry, shifting relationships between providers, how to structure partnerships, challenges in consumer protection, and what's next.Listen on <a href="https://soundcloud.com/thelexologypodcast/lexology-in-depth-hot-topics?si=65fc70129c2e4084a04b1569bbbeee3f&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing" target="_blank">Soundcloud</a>, <a href="https://open.spotify.com/episode/0CZa01vEsuKWIuKam3eZyh?si=vtUcxr7sQpGg463DyDrzkg&nd=1&dlsi=338969d1ca8b40a4" target="_blank">Spotify</a>, <a href="https://podcasts.apple.com/gb/podcast/lexology-in-depth-hot-topics-in-consumer-finance-law/id1796921835?i=1000756086154" target="_self">Apple Music</a> and other major streaming platforms.

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Jeremy Mandell is the lead of our Financial Services Group. His practice focuses on financial services regulation, with particular attention to payment and emerging payment issues.Jeremy advises bank, non-bank, and fintech clients on financial services regulatory issues, including issues arising under the Electronic Fund Transfer Act, the Truth in Lending Act, and the Equal Credit Opportunity Act. He has particular experience working on issues related to interbank and emerging payments systems, including blockchain-based payment solutions and stablecoin platforms. He has counseled clients with award-winning apps and innovative products and services on complex issues, bringing a practical, broad-market perspective to product development, ongoing compliance needs, and regulatory engagement.He also has extensive experience working with banks and non-banks on strategic partnerships. As partnerships between banks and fintechs become more prevalent, Jeremy draws on this experience to advise clients on the financial services regulatory and commercial issues that arise in the context of these partnerships.Jeremy is co-editor of The Consumer Finance Law Review, surveying the legal and regulatory approaches to consumer finance law in jurisdictions around the world. In 2025, Jeremy was elected to the American College of Consumer Financial Services as a new Fellow for his numerous published and teaching contributions to the space.Before joining Morrison Foerster, he served as a senior financial services analyst at the Board of Governors of the Federal Reserve System in the Division of Reserve Bank Operations and Payment Systems, where he focused on policy issues related to large-value payments systems. Jeremy leverages this experience to advise clients on various legal and regulatory issues.Jeremy earned his J.D. from The George Washington University Law School in 2010. He earned his M.A. in applied economics from Johns Hopkins University in 2004 and his B.A in economics and international relations from Lehigh University in 2001.

Jeremy Mandell

Lead of Financial Services Group

Calvin’s practice focuses on assisting Fintech companies, financial institutions, and other financial services providers on complex regulatory and transactional matters.Calvin provides practical advice to help clients bring innovative products and services to market, establish strategic partnerships, and build compliance programs. He works closely with clients that range from emerging startups to established multinational public companies and provides tailored solutions to achieve each client’s goals.Calvin regularly provides regulatory advice and transactional support in connection with credit, payment, and deposit products, including marketplace, credit card, and Banking-as-a-Service programs. He has particular experience with a broad range of federal and state regulatory issues related to lending, sales-based financing, loan brokering, credit services, debt collection, and money transmission. Calvin assists clients through all phases of the regulatory process, including obtaining necessary licenses, building compliant policies and procedures, and responding to regulatory inquiries and examinations.Calvin is co-editor of The Consumer Finance Law Review, surveying consumer finance regulations in jurisdictions around the world.Calvin graduated from the University of Virginia School of Law, where he was elected to the Order of the Coif. During law school, Calvin served as an editor of the Virginia Tax Review and as a Dillard Fellow of Legal Research and Writing. Calvin received his B.A. magna cum laude from Brigham Young University.<h4>Representative Experience</h4><ul><li>Advise banks and Fintechs in the Banking-as-a-Service and Lending-as-a-Service space, including negotiation of program agreements, negotiation of key service provider arrangements, and drafting of customer-facing agreements and disclosures.</li><li>Advise on state usury laws and state licensing requirements and exemptions applicable to consumer and commercial lenders, loan brokers, lead generators, and money transmitters.</li><li>Provide product development support, develop state licensing strategies, and advise on regulatory requirements related to consumer lending, commercial lending, retail installment sales, and alternative financing products.</li><li>Structure, draft, and negotiate agreements for various credit arrangements, including card issuing agreements, bank partner/platform models, and lead generation arrangements.</li><li>Represent merchants and sponsor banks in co-brand and private label credit card strategic partnerships.</li><li>Negotiate merchant processing and sponsorship agreements for merchant, payment facilitator, and marketplace clients.</li><li>Advise insured deposit sweep providers regarding brokered deposit regulations and related obligations.</li><li>Advise clients on compliance with federal and state money transmission and money services business laws, including licensing requirements and exemptions, bank partnerships, and alternative structures.</li></ul>