Financial Services

McGuireWoods Consulting's financial services practice provides public affairs solutions to clients spanning the full spectrum of the industry. Our team includes a former deputy assistant commissioner for insurance, as well as former state Department of Insurance employees.

We understand that financial services clients frequently face dual regulations at the state and federal levels. Our team is built for today’s financial services stakeholders: life insurance companies and annuity providers, mortgage lenders, cryptocurrency and digital asset companies, fintech firms, private equity portfolio companies and real estate investment entities.

Dual Regulation Know-How

We hold close relationships with key federal and state regulatory bodies that oversee the financial services industry, including banking commissioners, state departments of financial services and insurance regulators across all 50 states. Our federal team monitors and engages with the Consumer Finance Protection Bureau.

We advocate for clients before state legislative, executive and regulatory branches, as well as relevant committees and associations. We have represented clients before the National Association of Insurance Commissioners (NAIC), the National Conference of Insurance Legislators (NCOIL) and the National Conference of State Legislatures (NCSL).

How We Help

Product Approval and Regulatory Compliance

We help clients leverage their specialized expertise and deep institutional relationships to directly influence the creation and modification of financial laws while shaping regulatory rulemakings to favor their clients' business models.

Cryptocurrency and Digital Asset Strategy

We support cryptocurrency, Bitcoin, and digital asset companies by facilitating introductory meetings as a pathway to conduct business and address related issues.

Private Equity and Portfolio Companies

We navigate proposed restrictions on private equity acquisitions and secure legislative carve-outs for portfolio companies. In the health care and behavioral health sectors, we secure state budget appropriations for goods and services providers, preserve Medicaid coverage and support expansion efforts.

FAQs

Can you monitor legislation affecting financial services?

Yes. McGuireWoods Consulting monitors legislative and regulatory developments affecting the financial services sector.We track policy trends, analyze potential impacts, provide timely insights and help clients develop proactive strategies to engage policymakers and address emerging challenges or issues that may impact them.

Do you represent banks, insurers, and fintech companies?

Yes. McGuireWoods Consulting works with organizations across the financial services industry, including banks, insurers, fintech companies and other financial institutions. We help clients navigate policy issues, engage with government stakeholders and develop advocacy strategies tailored to the unique regulatory and business environments affecting the financial sector.

How do you help financial institutions navigate state and federal regulation?

McGuireWoods Consulting helps financial institutions understand and respond to evolving regulatory and legislative environments at the state and federal levels. We provide government relations support, policy analysis, regulatory monitoring and strategic advocacy to assist organizations in addressing issues affecting their operations, compliance priorities and business objectives.