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The Law Offices of Alan Abergel, P.C. (“LOAA”) represents financial institutions and regulated financial services companies in Texas Department of Banking (DOB) administrative enforcement matters.
Attorney Alan Abergel is licensed by both the State Bar of Texas and the State Bar of California. LOAA also provides California DFPI money transmission and financial services enforcement defense services.
An attorney representing a business in a Texas Department of Banking administrative enforcement case must have deep substantive knowledge of:
Banking and financial services regulatory frameworks
Federal consumer financial laws and regulations
A general administrative attorney representing unrelated license types is unlikely to regularly practice money transmission, MSB, banking, and financial services regulation. Procedural familiarity with administrative hearings and appeals is only one component of effective representation. Substantive regulatory knowledge is critical.
LOAA practices financial services regulatory compliance and administrative enforcement defense for DOB-regulated entities.
The Texas Department of Banking (DOB) operates under the Texas Finance Commission and regulates certain financial institutions and financial services businesses in Texas. The Department’s mission is to maintain a stable, competitive, and safe financial services environment.
The Texas Department of Banking has authority to charter, license, register, examine, and enforce laws applicable to regulated entities, including:
State-chartered banks
Trust companies
Money services businesses and money transmitters
Prepaid funeral services companies
Perpetual care cemeteries
Private child support enforcement agencies
The Banking Commissioner has authority to issue enforcement orders and administrative sanctions for violations of Texas and federal financial services laws.
The Texas Department of Banking may initiate enforcement actions involving:
Licensing violations
Regulatory compliance deficiencies
Unsafe or unsound practices
Violations of money transmission or MSB laws
Banking regulatory violations
Violations of state and federal consumer financial laws
Administrative actions may result in fines, license suspension or revocation, cease and desist orders, or other regulatory sanctions.
LOAA provides legal services to DOB-regulated businesses, including:
Representation in Texas DOB investigations and administrative hearings
Representation in administrative appeals to the Travis County District Court
Regulatory compliance counseling for Texas MSBs, money transmitters, and banks
Drafting agreements, disclosures, and regulatory documentation
Legal opinions regarding compliance with Texas and federal financial services laws
FinCEN enforcement defense and coordination
Transactional and licensing compliance support
LOAA advises regulated financial services businesses on compliance with:
Texas Money Services Act and related statutes
Federal Bank Secrecy Act (BSA) and AML regulations
FinCEN reporting and registration requirements
CFPB and FTC consumer financial laws
State and federal banking regulations
LOAA provides administrative, civil, transactional, and regulatory compliance legal services for financial services businesses.
No criminal defense services are provided.
“I engaged Alan to help me through the complexities of obtaining my Lenders License. He was very knowledgeable about the process and provided me with a high level of service. I worked quickly getting him all the information needed and he worked at my pace. He was responsive to e-mails and questions and followed up with the DFPI to make sure everything was filed correctly. I had read online that this process could take as long as 6 months however Alan completed the assignment in less than 3 I will be retaining his services in the future to ensure my company remains in compliance."
--Petroleum Realty Group Inc.
"I hired Alan to represent me as a mortgage broker before the California Department of Real Estate. I couldn't be more pleased with Alan's services from start to finish. Alan was clear and concise. Alan's communication throughout the process was professional. I received the results I hoped for. Thank you Alan. I'll definitely recommend you to ALL and use your services again in the future shall I need anything!"
-Anonymous
"Very helpful in assisting in obtaining an OCCC Texas Motor Vehicle Sales Finance License. Very knowledgeable in answering all questions the OCCC asked for on their questionnaire. Highly recommended and would re-hire for any future assistance regarding motor vehicle and finance business. God Bless!"
-Raul
