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John Kromer

Partner

Washington, D.C.

John Kromer, one of the nation’s leading consumer financial services lawyers, provides bank, nonbank, fintech and financial sponsor clients with proactive and practical counsel to enable them to meet business objectives and manage risk in a rapidly changing business, legal and regulatory environment.

John helps clients navigate the complex maze of federal and state laws and regulations. He regularly counsels clients on compliance with regulations issued by the Consumer Financial Protection Bureau (CFPB) as well as examination and enforcement actions by the bureau, federal banking agencies, state regulators and other enforcement agencies. He advises on the laws governing licensing and chartering, usury, advertising, disclosures, privacy, lending and servicing practices, and laws prohibiting unfair, deceptive, or abusive acts or practices (UDAAP).

He advises financial services firms on new product and business line development, including structuring and negotiating commercial relationships, joint ventures and partnership agreements. He also assists financial and strategic purchasers of fintechs and financial services firms on regulatory matters, including due diligence of companies, assets and portfolios, and transactional structuring in light of federal and state licensing and regulatory requirements.

John is recognized by Chambers USA as a leading attorney in the field of Consumer Finance Compliance and has been noted by The Legal 500, in the practice areas of Financial Services Regulation, Cyber Law (including Data Protection and Privacy), and Fintech. He frequently speaks at industry conferences on legal issues affecting consumer finance companies. John is a co-author of a number of publications, including Residential Mortgage Lending: State Regulation Manual; Residential Mortgage Lending: Brokers; Pratt’s State Regulation of Second Mortgages and Home Equity Loans; Mortgage Bankers Guide to Regulatory Compliance and The Law of Electronic Signatures and Records, and has written numerous articles for consumer financial services industry publications.

John is Fellow of the American College of Consumer Financial Services Lawyers, served on the Advisory Council of the American Association of Residential Mortgage Regulators from 1998-2018, was a Board member of the Online Lending Policy Institute from 2016-2021 and is a past Chair of the Housing Finance Subcommittee of the Consumer Financial Services Committee of the Business Law Section of the American Bar Association.

Prior to joining Orrick, John was a partner at Buckley LLP. He served as Buckley’s Co-Managing Partner from 2009-2019 and was a member of the firm’s partner board from 2019-2022.

"Expertise in all aspects of consumer lending ... very capable, very sharp, and very responsive. A first-rate attorney." - Chambers USA

  • Noteworthy work includes:

    • Advising leading marketplace lending companies in responding to supervisory examinations and investigations by enforcement agencies
    • Advising several major private equity firms in connection with the acquisition of or investment in multiple consumer finance businesses, including companies engaged in mortgage lending and servicing, consumer and commercial marketplace lending, litigation financing, and specialty finance
    • Advising clients in responding to examinations from the CFPB, federal banking regulators, and state regulatory agencies
    • Assisting nonbank lending platforms develop and negotiate a commercial partnership arrangements with banks
    • Counseling clients on rapidly changing regulatory and licensing requirements applicable to online lenders and brokers and payments companies

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