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.
- 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.
- JD, University of Richmond School of Law, 1997
- MBA, University of Richmond Reynolds Graduate School of Business, 1997
- BS, University of Virginia, 1994
- District of Columbia
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