Following law school, Mr. Frenkel served as an Assistant Deputy Superintendent in the Enforcement Division of DFS. Mr. Frenkel led multiple complex investigations into the banking, insurance and consumer industries and engaged in numerous settlement negotiations with counsel. Mr. Frenkel brought enforcement actions against banks for failing to comply with state and federal BSA/AML laws, insurance companies for failing to comply with licensing and anti-rebating laws, and a debt collector for failing to comply with DFS’s debt collection regulation. Mr. Frenkel also drafted and proposed laws and regulations, including the Student Debt Consultant bill which was signed into law by the Governor in 2020. Mr. Frenkel advised other business units on supervision and examination issues.
During law school, Mr. Frenkel worked for the New York County District Attorney’s Office, U.S. Department of Homeland Security, U.S. Attorney’s Office for the Southern District of New York, and the U.S. Securities and Exchange Commission.