Global law firm White & Case LLP has expanded its financial institution advisory (FIA) practice with the arrival of Jolina Cuaresma as counsel in its Washington, DC office. The Firm's FIA practice is an integral part of its Global Banking Practice.
Cuaresma joins the Firm from the Consumer Financial Protection Bureau (CFPB), where she served as a regulatory attorney in the CFPB's Office of Regulations and, previously, the Office of Consumer Response, and Office of Supervision Policy. Jolina was a key advisor on implementing the CFPB's first federal nonbank supervision program in areas involving oversight of auto financing companies, student loan servicers, and debt collectors. She also advised on examinations and investigations of large depository institutions.
"A wide range of laws now being implemented by the CFPB presents significant challenges for banks and nonbank financial firms,"said Kevin Petrasic, a partner at White & Case and leader of its Global FIA practice. "With the stakes being quite high for those who fail to interface successfully with the CFPB, Jolina's tenure at the agency will enable her to help our clients navigate an extremely difficult and unpredictable regulatory environment and address the issues and unique challenges presented by the agency's broad jurisdictional reach."
Prior to joining the CFPB, Jolina served as counsel in the Enforcement Division at the Financial Industry Regulatory Authority (FINRA), where she advised on securities laws and regulations and conducted investigations.
Before her time as a regulator, Cuaresma worked in private practice where she supervised internal investigations on behalf of audit committees of major corporations. She has defended clients in investigations initiated by the Department of Justice and the Securities and Exchange Commission involving financial fraud, including insider trading and noncompliance with audit and regulatory standards.
For more information please speak to your local media contact.