Financial services companies are increasingly finding opportunities to participate in government programs as contractors and agents of the Federal and state governments, whether it be as providers of financial services to government agencies or as financial agents of the Department of Treasury in connection with the TARP program or other programs. Our lawyers are well situated to assist companies that participate in the government market, with decades of experience representing both financial services companies and government contractors.
Our team includes lawyers whose practice actively involves representing both traditional government contractors and financial service providers, and who thus have a unique ability to address the particular issues that financial service providers face when doing business with the government. Our lawyers advise financial services companies on all aspects of government procurement, from the highly regulated process for obtaining a contract to the myriad regulatory requirements that apply to government contractors (such as affirmative action obligations, unique accounting requirements and restrictions on pricing), to the rules that apply when disputes arise between a government contract and a Federal or state agency. We provide practical guidance that helps our clients determine the benefits and pitfalls of participating in public sector procurements, so that they can make informed decisions.
- Advised Fortune 500 financial service provider on requirements for participating in public sector procurements, including business impact of such participation and policies and procedures that need to be implemented to support such participation.
- Represented several companies in negotiating financial agency agreements with the Department of Treasury.
- Advised financial service provider on affirmative action and other HR-related obligations that apply to government contractors and provided practical guidance on methods for complying with such obligations.
- Provided counseling to payment card issuers with respect to government programs to issue payment cards to government employees.
- Advised a large credit card issuer with respect to restrictions on assigning government contracts to third parties and related liabilities that arise from such assignments.
- Drafted the operating rules for the leading national system for electronic distribution of government benefits.