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Venable LLP, an American Lawyer Global 100 law firm headquartered in Washington, D.C. that serves as primary counsel to a worldwide clientele of large and mid-sized organizations, nonprofits, and high-net-worth entrepreneurs and individuals, announced that Gerald S. Sachs has joined the firm as partner in the Washington, D.C. office, in the Government Division, where he will assist consumer financial services companies with compliance, law enforcement investigations, and litigation.
Previously, Sachs served in the Consumer Financial Protection Bureau (CFPB) Enforcement Office as senior counsel for policy and strategy, and was an attorney at the Federal Trade Commission (FTC) and an Assistant United States Attorney for the Northern District of Georgia.
"Consumer financial services companies face increasing scrutiny from regulators and law enforcement agencies, and need experienced counsel to protect their interests," said Larry Norton, Co-chair of the Government Division at Venable. "Gerry has an outstanding track record in this area and will be a tremendous addition to our growing financial services practice."
"I'm thrilled to join Venable, which has an impressive record of helping companies of all sizes navigate Washington's regulatory roadblocks," said Sachs.
Sachs' practice focuses on state and federal consumer financial protection law. He advises banking, payments, and other financial services companies on a range of regulatory compliance and enforcement-related matters, including audits, supervisory examinations, high-stakes law enforcement investigations, and litigation.
While at the CFPB, he led legal teams focused on auto finance, credit cards, mobile payments, emerging payments (digital currency), and prepaid cards.
In addition, he assisted the CFPB with its mortgage servicing rules implementation and internal oversight matters. Earlier in his career, Sachs was an attorney at FTC's Southeast region office, where he prosecuted consumer protection cases against companies and individuals on issues involving advertising, financial services, high-tech fraud, and telemarketing.
