Parag Patel’s practice focuses on financial services, with particular experience in emerging payments, financial technology and banking issues.
Parag advises banks, non-bank lenders, payments and technology companies and their vendors with regulatory, compliance, supervision, enforcement, anti-fraud and anti-money laundering and transactional matters. He has significant experience guiding clients through issues arising under banking and financial services regulations and payment rules, that include, but are not limited to:
- Bank Secrecy Act (BSA)
- Dodd-Frank Wall Street Reform and Consumer Protection Act
- Equal Credit Opportunity Act (ECOA)
- Electronic Fund Transfer Act (EFTA)
- Fair Credit Reporting Act (FCRA)
- Fair Debt Collection Practices Act (FDCPA)
- Gramm-Leach-Bliley Act (GLBA)
- Truth in Lending Act (TILA)
- State money transmission, broker and lending laws
- NACHA and Visa/Mastercard rules
Parag counsels clients on complex regulatory and transactional issues related to emerging payments systems; bank partnerships; credit, debit and prepaid programs; and financial technology. He is known for providing strategic, innovative and practical solutions and guidance to clients. He also has experience advising corporate and private equity clients in M&A contexts and other investments in fintech.
Prior to joining Orrick, Parag was senior counsel at Capital One, where he served as the company-wide legal subject matter lead for payments. He also was associate counsel at Funding Circle, where he focused on legal issues related to peer-to-peer lending and financial technology.