Navigating US Agency Subpoenas: Tips for a Fintech’s First Time

A diverse array of federal regulators—including the Federal Trade Commission (“FTC”), Securities and Exchange Commission (“SEC”), and the Consumer Financial Protection Bureau (“CFPB”)—have been actively looking into the fintech industry under the Biden administration, and that scrutiny has only increased in light of recent high-profile corporate failures. Because one of the first steps in any investigation is to send a subpoena, fintech industry professionals should know what to expect and how to navigate the early stages of a government probe. Join Mayer Brown partners Rich Rosenfeld, Ori Lev, and Chris Leach—veterans of the SEC, CFPB, and FTC, respectively—as they discuss the process and key things to keep in mind, including how to tell if you are the target, best practices for your internal team, and what your Board and employees need to know.