Michael Mancusi represents domestic and foreign banks, credit unions, and other financial services clients in a wide range of state and federal regulatory, compliance, and enforcement matters. He also has substantial experience representing clients in government and corporate internal investigations, including entities subject to anti-money laundering requirements.

Mr. Mancusi counsels clients facing complex corporate governance and structural issues and represents clients before key state and federal bank regulatory agencies, including the Office of the Comptroller of the Currency, the Federal Reserve, the FDIC, the National Credit Union Administration, the Financial Crimes Enforcement Network, the Consumer Financial Protection Bureau, and the Office of Foreign Assets Control.

Mr. Mancusi counsels clients on compliance with privacy and data security requirements, including financial privacy under the Gramm-Leach-Bliley Act, the Fair Credit Reporting Act, as amended by the Fair and Accurate Credit Transactions Act, and the federal E-Sign Act. In addition, Mr. Mancusi advises clients regarding developing and implementing data breach response programs, including compliance with notification requirements at the federal and state levels.

Recognized by Chambers USA as "a key player in the enforcement arena," Mr. Mancusi served in the Enforcement Division of the Office of the Comptroller of the Currency, where he handled its banking law enforcement actions. He is currently Vice Chair of the ABA's Banking Law Committee, and served on the Executive Council of the Federal Bar Association's Banking Committee. In addition, Mr. Mancusi teaches a training program through the Institute for International Bankers on the US anti-money laundering and sanctions program issues that are most relevant to international banks.

Experience

  • Financial institution in joint DOJ/CFPB fair lending investigation.
  • Major participants in the secondary mortgage market on the effect of an FDIC receivership or conservatorship on mortgage servicing and the related obligations of the failed banks.
  • Federal branch of a foreign bank in an enforcement proceeding under the Bank Secrecy Act brought by the Office of the Comptroller of the Currency and the Financial Crimes Enforcement Network and in implementing the terms of a cease and desist order requiring a reduction in business operations in the United States.
  • Pro bono client in successfully challenging the Department of Veterans Affairs to reinstate disability compensation and benefits for a low income veteran with 25 years of service.

Perspectives

Impact of the 2018 Mid-Term Elections on Financial Services Regulation
Advisory
New Risks Created by OFAC Cyber-Related Sanctions
Advisory
Sharing BSA/AML Resources May Benefit Community Banks, Affiliated Banks and Credit Unions
Advisory
The Diminishing Role of Agency Guidance
Banking Law360, Capital Markets Law360, Consumer Protection Law360, Public Policy Law360, Securities Law360
Implications of the Agencies' Guidance on the Role of Supervisory Guidance
Advisory
More

Recognition

Best Lawyers
Banking and Finance Law (2016-2019)
The Legal 500 US
Financial Services: Regulatory (2015-2018)
Chambers USA
Financial Services Regulation: Banking – Enforcement & Investigations (Nationwide) (2014-2018)
More

Credentials

Education
  • JD, University of Richmond School of Law, 1997
  • MBA, University of Richmond Reynolds Graduate School of Business, 1997
  • BS, University of Virginia, 1994
Admissions
  • District of Columbia
  • Maryland
  • Virginia
Activities
  • Former Chair, District of Columbia Bar, Financial Institution Committee

  • Executive Council, Federal Bar Association, Banking Committee

  • Vice Chair, American Bar Association, Banking Law Committee

  • BSA/AML/OFAC Training Series, Institute for International Bankers

Overview

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