Buckley represents corporations, officers, directors, and public officials in formal and informal investigations by Congress examining business practices in the financial services industry and other sectors. Congressional investigations can be directed at any company, at any time, and they present agonizing risks to businesses across all industries. Such investigations are usually broad in scope and frequently involve individuals and other organizations, and not just the targeted company.
Congressional hearings are governed by procedures that present significant challenges for clients called upon to cooperate or appear. Moreover, these investigations are often conducted simultaneously with other government investigations or civil litigation, and can easily draw media attention.
The firm’s practice includes assisting clients in responding to congressional inquiries, preparing for congressional hearings, and formulating and implementing strategies designed to minimize collateral consequences triggered by such investigations, including public and media scrutiny and litigation. Our team has helped clients navigate congressional investigations involving a broad array of subjects, including anti-money laundering (AML) and the Bank Secrecy Act (BSA), consumer protection and ethics investigations, corporate governance, political scandals, and securities issues.
Our approach to these investigations is informed by our deep experience in representing clients in administrative and criminal investigations and enhanced by several of our attorneys’ service as senior counsel to various congressional committees. As a result, we provide our clients with effective and comprehensive strategies specifically tailored to overcoming the unique challenges posed when congressional investigations are initiated in tandem with parallel civil and criminal enforcement investigations, actions by federal and state agencies, and/or class action and complex civil litigation and media campaigns.
"Less isn’t always more: 1001(a)(1) Concealment charges in voluntary disclosure submissions" by Paige Ammons and Preston Burton (Business Crimes Bulletin)
In any investigation where a client is deposed or interviewed by a government agent, experienced lawyers should be wary of potential false statement liability under 18 U.S.C. §1001, and likely will have advised their clients of the paramount need to be truthful. Voluntary communications, initiated...Articles
"Congressional subpoenas, special prosecutors, and the Capitol jail—Let the games begin" by Preston Burton and Paige Ammons (Bloomberg Law)
President Donald Trump has been predictably defiant in responding to the suggestion that House Democrats will unleash their newly won subpoena powers to investigate him, his administration, or his companies, warning that he is prepared to assume a “war-like posture” and that the Democrats “can play...Articles
The results are in: Party control of the U.S. House of Representatives will change for the third time in 12 years, leaving legions of pundits to speculate about what happens next. Prospects for a fundamental change in the way Congress and Washington operate are dim, particularly given that the U.S...Special Alerts
On June 25, the House Financial Services Committee’s Task Force on Financial Technology held its first-ever hearing , entitled “Overseeing the Fintech Revolution: Domestic and International Perspectives on Fintech Regulation.” As previously covered by InfoBytes , the Committee created the task...InfoBytes
On June 11, House Financial Services Committee Chairwoman Maxine Waters and 64 other Democratic House members sent a letter to the CFPB urging rescission of its May proposal to permanently raise the coverage thresholds for collecting and reporting HMDA data and to retire its HMDA Explorer tool. (...InfoBytes
On April 29, nine Democratic Senators, led by Sherrod Brown (D-Ohio), wrote to the CFPB expressing “deep concern” regarding the Bureau’s plan to retire its tools for public exploration of HMDA data— HMDA Explorer Tool and the Public Data Platform API . In the letter, the Senators argue that...InfoBytes
On April 3, six Democratic Senators wrote to the CFPB seeking additional information on the Bureau’s oversight of student loan companies and servicers involved in the administration of the federal Public Service Loan Forgiveness Program (PSLF). In the letter, the Senators expressed concern that the...InfoBytes
On February 27, the newly formed Diversity and Inclusion Subcommittee of the House Financial Services Committee held its first-ever hearing to examine trends in diversity in the financial services industry, including management-level diversity and diversity among potential talent pools. The hearing...InfoBytes
The results are in: Party control of the U.S. House of Representatives will change for the third time in 12 years, leaving legions of pundits to speculate about what happens next. Prospects for a fundamental change in the way Congress and Washington operate are dim, particularly given that the U.S...InfoBytes
House Financial Services Committee Issues Second Interim Report on Bureau’s Role in Fraudulent Accounts Scandal Investigation
On September 19, the Majority Committee Staff of the House Financial Services Committee (Committee) released a second interim report and supporting documents on the investigation of the role the CFPB played in detecting and remedying a major national bank’s practice of opening unauthorized bank...InfoBytes
House Financial Services Committee Issues Report Accusing Bureau of Contempt Charges Relating to Investigation into Arbitration Rulemaking
On August 4, the Majority Committee Staff of the House Financial Services Committee (Committee) released a report accusing CFPB Director Richard Cordray of failing to comply with an April 4, 2017 Congressional subpoena concerning the Committee’s on-going investigation into the Bureau’s arbitration...InfoBytes
CFPB Director Challenges House Financial Services’ Report on Bureau’s Role in Fraudulent Accounts Scandal Investigation
On June 14, CFPB Director Richard Cordray issued a letter to Rep. Jeb Hensarling (R-Tex.) in response to the House Financial Services Committee’s (Committee) June 6 interim majority staff report on the investigation of the role federal financial regulators played in detecting and remedying a major...InfoBytes
On April 4, House Financial Services Committee Chairman Jeb Hensarling issued a new subpoena to the CFPB, giving the Bureau a May 2 deadline to comply with its request for documents, which related to auto lending, payday lenders, and investigations into a company that allegedly charged higher...InfoBytes
WASHINGTON, DC (January 3, 2017) – BuckleySandler LLP, a premier financial services, government enforcement and litigation law firm, announced today that former Deputy Chief Counsel for the Office of the Comptroller of the Currency (OCC), Daniel P. Stipano has joined the firm as a Partner in its...Press Releases