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Monami Chakrabarti

Admitted to practice only in New York state. Supervised by partners in the Washington, D.C. and Seattle offices.
Monami Chakrabarti concentrates her practice on financial services matters. She counsels financial institutions, card issuers, emerging payment companies, and retailers on regulatory compliance, supervision, and enforcement matters.

Ms. Chakrabarti served as an Attorney Advisor in the Consumer Financial Protection Bureau’s (CFPB) Division of Supervision, Enforcement, & Fair Lending. She investigated potential violations of federal consumer financial laws in mortgage origination, debt relief, credit reporting, lead generation, debt collection and other areas; in addition, she supported examinations of banks and nonbanks involving credit card, auto and mortgage lending lines of business. Ms. Chakrabarti also played a key role in setting supervisory priorities for the Office of Fair Lending, as well as in its handling of a wide variety of fair lending issues.

Ms. Chakrabarti has also served as a Special Counsel with the Commodity Futures Trading Commission, where she coordinated inter-agency efforts with the Federal Reserve Board, Securities and Exchange Commission and the Financial Stability Oversight Council. She began her career practicing with an international law firm.

Practice Highlights
  • Resolved enforcement investigations as CFPB in-house counsel by negotiating consent orders for injunctive relief and consumer restitution;
  • Served on several CFPB working groups to analyze emerging issues in consumer finance, including the fair lending implications of financial institutions’ use of social media;
  • Drafted Bureau supervisory procedures for institutional compliance with ECOA; and
  • Collaborated with the CFPB’s Office of Research to conduct statistical analysis and evaluate lenders’ compliance with fair lending laws

Additional Qualifications

  • Special Counsel, Commodity Futures Trading Commission, Washington, D.C., 2015-2016
  • Attorney Advisor, Consumer Financial Protection Bureau, Division of Supervision, Enforcement, & Fair Lending, San Francisco and Washington, D.C., 2013-2015
  • Associate, Labaton Sucharow LLP, New York, N.Y., 2011-2013
  • Associate, Skadden, Arps, Slate, Meagher & Flom LLP, New York, N.Y., 2008-2011