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Paul Hastings faucets Venable monetary companies head for brand new CFPB group

  • Allyson Baker most just lately chaired Venable’s monetary companies observe
  • She was previously an enforcement legal professional on the Consumer Financial Protection Bureau

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(Reuters) – Paul Hastings continues to bulk up its monetary companies choices, bringing on Venable monetary companies observe chair Allyson Baker to guide a brand new Consumer Financial Protection Bureau observe.

Washington, D.C.-based Baker spent eight years at Venable, the place she additionally co-chaired the agency’s shopper monetary companies observe. Before that she was an enforcement legal professional on the CFPB.

Baker mentioned Paul Hastings is strengthening its bench forward of “what we expect will be a substantial uptick in CFPB activity,” together with extra enforcement, rulemakings and interagency actions as the brand new Biden-appointed director, Rohit Chopra, “meshes” his priorities with the administration.

While on the CFPB, Baker served as lead counsel for the company’s 2012 settlement with Discover Bank, which required the bank card firm to refund clients greater than $200 million to settle claims of misleading practices. Earlier in her profession, Baker additionally served as a trial legal professional with the Justice Department’s Tax Division from 2007 to 2013.

At Paul Hastings, she mentioned she’s going to proceed working with monetary companies corporations with consumer-facing services. She can also be becoming a member of the agency’s investigations and white-collar protection observe and its fintech and funds observe, the agency’s assertion mentioned.

Baker is the most recent monetary companies observe chief to be poached by Paul Hastings, following Jeffrey Goldfarb, who was vice chair of Willkie Farr & Gallagher’s finance observe, and Eric Sibbitt, who most just lately chaired O’Melveny & Myers’ fintech observe.

Read extra:

Paul Hastings snags Willkie finance chief in N.Y.

Paul Hastings snaps up O’Melveny fintech chair

Paul Hastings’ chair to vacate put up after 21 years

Xiumei Dong

Xiumei Dong covers authorized business information, with a concentrate on regulation agency technique and progress, in-house counsel and the Washington, D.C., authorized market. Reach her at [email protected]

Signage is seen outside of the Paul Hastings law firm in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly