Tim McTaggart represents financial services clients with transactional, enforcement and regulatory matters. His experience is built from a combination of private practice work advocating for clients in front of the regulatory agencies and state banking departments across the country and from years administering and enforcing the State Banking Code for the state of Delaware.
Tim regularly represents clients before the Consumer Financial Protection Bureau and the federal bank regulatory agencies, including the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation and the Board of Governors of the Federal Reserve System. Additionally, he has worked with government-sponsored enterprises involved in the housing finance sector.
In 1994, Tim was honored to be appointed the Delaware State Bank Commissioner by Gov. Tom Carper. In that role, he supervised and set policy for hundreds of retail banks, trust companies, wholesale banks, credit card banks, savings banks, mortgage companies and other nonbanking financial services companies with operations in Delaware and across the nation. He had accountability for the examination of all State-chartered banks, trust companies and licensed financial services businesses. He was also responsible for administering escheat laws and the bank franchise tax applicable to all financial institutions operating in Delaware.
Throughout his career, Tim has been a frequent speaker and author on numerous financial services topics including bank regulation, data privacy and cyber security issues, consumer financial services issues, mobile banking/ payment systems, credit card developments, Volcker Rule compliance, peer-to-peer lending structure, the Community Reinvestment Act, public welfare investments and related regulatory issues, bank/ financial services anti-money laundering enforcement and compliance issues, trust law developments and health savings accounts.