Anand S. Raman

Anand Raman co-leads Skadden’s Consumer Financial Services practice, a part of the team named 2018 White Collar/Regulatory Litigation Department of the Year by The American Lawyer. For more than 20 years, Mr. Raman has represented financial institutions in connection with complex government investigations, class action litigation, enforcement, regulatory and administrative actions.

His work has spanned the entire range of consumer financial services issues and has involved some of the most significant matters in the field, including numerous representations in the areas of fair lending, unfair, deceptive and abusive acts or practices (UDAAP), subprime lending, automobile finance, credit reporting, mortgage fraud, redlining, credit card practices and mortgage loan servicing. Among his notable recent representations are:

• Wells Fargo Bank in connection with an inquiry by the Consumer Financial Protection Bureau (CFPB) regarding sales practices;
• BancorpSouth Bank in connection with a fair lending inquiry by the CFPB and Department of Justice (DOJ) Civil Rights Division;
• Numerous major auto lenders in connection with fair lending inquiries by the CFPB relating to underwriting and pricing; and
• PHH Mortgage Corporation and PHH Home Loans Inc. in connection with an inquiry by the New York Department of Financial Services relating to mortgage servicing.

Mr. Raman has an active practice counseling many of the nation’s largest financial institutions and service providers on fair lending and compliance matters. He also regularly handles matters before the CFPB, DOJ, Federal Trade Commission, federal bank regulatory agencies (including the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Federal Reserve Board) and state attorneys general.

Mr. Raman, whose undergraduate degree is in statistics, has extensive experience in the statistical review and analysis of lending data. He has published articles on topics including mortgage loan servicing, social media, third-party liability and lending risk management. He also is experienced in the fields of e-gaming and payment processing, and advises individuals and companies in connection with these issues and with tax evasion, fraud and false statement, and other criminal investigations and prosecutions by the DOJ.

Education:

• J.D., Yale Law School, 1995 (Editor, Yale Law Journal)
• A.B., Statistics, University of Chicago, 1990

Admissions:

• U.S. District Court for the District of Columbia
• U.S. Courts of Appeals for the Second, Fifth and Ninth Circuits
• U.S. Supreme Court