Financial services industry and IDFPR issue prevention and regulation

Today’s interview with Illinois licensing and regulation attorney, Jordan Matyas, focuses on the financial services industry and regulation by the Illinois Department of Financial and Professional Regulation (IDFPR) and its Division of Financial Institutions.  In addition to working with financial businesses in defending and responding to regulatory inquiries and discipline, Mr. Matyas also works with companies proactively, to spot issues and prevent potential regulatory infractions. Topics covered in this 30-minute interview:        Overview of common financial industry regulatory complaints and issues;How consumer financial providers can prevent legal and regulatory infractions;Tips on best steps to take if ever contacted by the IDFPR or similar agency;The general process through which IDFPR investigates and disciplines licensees. Jordan Matyas, Principal of Matyas Law Firm, and an attorney of counsel to Michael V. Favia & Associates, who works with Illinois consumer financial businesses on administrative, litigation and regulatory issues. A former employee of the Illinois Department of Financial and Professional Regulation, Matyas has independent knowledge of the Department and how its Division of Financial Institutions operate. Matyas earned his Juris Doctorate from The John Marshall Law School and his Bachelor of Arts from The George Washington University.