With more than two decades of consumer financial services experience in federal government, in-house, and private practice settings, and a specialty in fair lending regulatory compliance, Lori counsels clients in supervisory issues, examinations, investigations, and enforcement actions.
Lori, a partner in the firm's Consumer Financial Services Practice Group, is a seasoned consumer financial services attorney with more than two decades of experience in federal government, in-house, and private practice settings. She has deep expertise in fair lending and responsible banking regulatory compliance, and she counsels clients in supervisory issues, examinations, investigations, and enforcement actions.
Prior to joining the firm, Lori has held significant positions as in-house counsel at major financial institutions, and her most recent position was as executive vice president and deputy general counsel for consumer banking at TCF Bank (now Huntington National Bank), a regional bank. She has also served as outside counsel for financial services clients with two nationally recognized law firms. She began her career as a staff attorney at the FDIC in Washington, D.C., helping formulate bank consumer protection and safety and soundness policies and regulations.
Lori counsels banks and nonbanks that offer consumer financial products and services in regulatory compliance matters, and she has successfully represented financial services companies in navigating supervisory issues and preparing for examinations by the CFPB and federal and state banking agencies.
Additionally, Lori has in-depth experience in fair lending and responsible banking regulatory compliance, including the Equal Credit Opportunity Act, the Fair Housing Act, and unfair, deceptive, or abusive acts or practices laws (UDAP/UDAAP). She advises clients on traditional areas of fair lending risk as well as provides legal advice on fair lending statistical analyses and complex predictive data analytics, including artificial intelligence and machine learning models and variables. Lori provides advice on designing and implementing effective fair lending and responsible banking risk management programs, and built and managed such a program for a major national bank in a prior role. In addition, Lori has successfully defended fair lending investigations and enforcement actions by the CFPB and the U.S. Department of Justice.
Lori is also highly experienced in advising clients concerning compliance with the Americans with Disabilities Act regarding accessibility of physical spaces and digital platforms (websites and mobile applications).
Lori speaks frequently at both industry and legal conferences. Her recent engagements include: The American Bar Association's Consumer Financial Services Committee meetings; American Bankers Association Regulatory Compliance Conference; CBA Live; CRA & Fair Lending Colloquium; Minnesota Banking Law Institute; banking and credit union trade association conferences; and various law firm webinars and client workshops.
Additionally, Lori is a regular contributor to the firm's Consumer Financial Services Law Monitor.
Representative matters may include engagements before joining Troutman Pepper.
Firm Events
08.14.24
Fair Lending and Bias Issues Related to AI/ML Model Development and Governance
Consumer Financial Services Law Monitor
06.26.24
CFPB Issues Interim Final Rule Memorializing Updated Compliance Dates for Section 1071 Final Rule
Consumer Financial Services Law Monitor
06.24.24
Federal Agencies Finalize Automated Valuation Model Rule
Consumer Financial Services Law Monitor
06.20.24
Fifth Circuit Rules CFPB Credit Card Late Fee Rule Case Stays in Texas
Consumer Financial Services Law Monitor
06.10.24
Treasury Department Issues Request for Information on the Use of AI in Financial Services
Consumer Financial Services Law Monitor
05.30.24
A Deep Dive into HUD’s New Guidance on AI-Driven Targeted Advertising