David Thompson advises banking, fintech, payroll, licensed lender, and sales finance clients on the federal and state laws, regulations, and network rules governing consumer financial services. His practice spans banking, payments, credit reporting, privacy, information security, electronic transactions, retail sales, leasing, trade practices, marketing, servicing, collections, insurance, and ancillary products. He has experience advising on key federal consumer financial laws and regulations, including the Truth in Lending Act and Regulation Z, the Electronic Fund Transfer Act and Regulation E, the Truth in Savings Act and Regulation DD, the Fair Credit Reporting Act and Regulation V, the Gramm-Leach-Bliley Act and Regulation P, the Equal Credit Opportunity Act and Regulation B, and the E-Sign Act and UETA.
He drafts consumer agreements, disclosures, and commercial contracts for clients offering both innovative and traditional financial products and services, including open-end and closed-end credit products, secured and unsecured lending, deposit and payment products, and funds transfer services. David also counsels clients on compliance management systems, multi-state compliance and licensing, preemption, credit reporting, privacy, information security, and related policies, and represents financial services clients in enforcement matters, regulatory advocacy, and disputes with examiners and consumers.
Before joining the firm, David served as U.S. Head of Legal and Compliance for Glow Services Corp. and Glow Financial Services Inc., where he advised a financial technology company on a wide range of legal and regulatory matters. In that role, he supported the development and launch of a nationwide point-of-sale consumer lending program, with a focus on the marketing, origination, and servicing of a sponsor bank’s installment loans to consumers purchasing mobile devices through the largest telecommunications retailer in the United States.
