Partner @ Stroock & Stroock & Lavan LLP
Quyen Truong provides strategic counsel to financial institutions and investors confronting a complicated consumer finance regulatory environment—from helping them interpret, influence and comply with the law, to defending them against aggressive litigants and regulators. She crafts compliance programs and represents clients through all phases of government regulation, supervision and enforcement activities by the Consumer Financial Protection Bureau (CFPB), the Office of the Comptroller of the Currency (OCC), other banking and housing regulators, the Federal Trade Commission (FTC), the Department of Justice (DOJ), state Attorneys General and financial regulators. Quyen also helps industry leaders prevail in bet-the-company proceedings, including transformative rulemakings, class actions, product launches, multimillion and billion-dollar vendor and partnering agreements.
Before joining Stroock, Quyen served as Assistant Director and Deputy General Counsel at the CFPB, where she helped to build the agency and implement the Dodd-Frank Act, including overseeing the agency’s litigation and the review of enforcement activities, and coordinating with other government authorities, including serving as Deputy to the Financial Stability Oversight Council (FSOC). Previously, she oversaw the investigation and litigation of officer and director liability, fraud and other claims for the Federal Deposit Insurance Corporation (FDIC) following the financial crisis; served as Associate Bureau Chief at the Federal Communications Commission (FCC), where she helped to implement the 1996 Telecom Act and was cited as a millennium Leader of Tomorrow for her work on Internet, M&A and competition issues; and spent more than 17 years in private practice including on privacy, marketing and mobile issues, where her strategic mind sealed her reputation as a trusted industry adviser and influencer.