R. Colgate Selden
Washington, D.C., Nov. 01, 2022 (GLOBE NEWSWIRE) — Clean Rome LLP is happy to announce that R. Colgate Selden has joined the agency’s Washington, D.C., workplace as a associate within the Monetary Establishments Litigation & Regulatory Compliance (“FILARC”) observe group. At Clean Rome, Colgate will advise shoppers on federal and state legal guidelines regulating client and mortgage lending. Colgate joins Clean Rome from Promontory MortgagePath LLC, an organization based by a former comptroller of the forex and supplier of digital mortgage and success options, the place he served as managing director and head of regulatory authorized, compliance, and danger.
Earlier in his profession, Colgate served as an attorney-advisor on the U.S. Division of the Treasury and was a member of the Client Monetary Safety Bureau (“CFPB”) Implementation Staff, the place he helped set up the CFPB as required underneath The Dodd-Frank Act. He then served as a senior counsel within the CFPB’s Workplace of Rules for a number of years the place he helped draft many key business laws, suggested on coverage issues, and led groups responding to inquiries from Congress, business, and client teams. He subsequently joined Alston & Chook LLP the place his nationwide observe targeted on federal and state client legal guidelines and laws relevant to the banking and lending industries.
“Colgate is a powerful addition to our nationwide FILARC observe group, and I’m thrilled to welcome him to our agency,” mentioned Grant S. Palmer, Clean Rome’s Managing Accomplice and CEO. “His intensive in-house, authorities expertise in addition to his personal observe background helps Colgate perceive and anticipate the wants of shoppers, which is important on this nuanced regulatory and litigation panorama that our client finance shoppers are at present navigating.”
At Clean Rome, Colgate will advise banks and non-depositories on the federal and state legal guidelines that regulate client and mortgage lending in addition to ancillary service suppliers and distributors resembling FinTechs, lead mills, doc suppliers, due diligence corporations, title corporations, actual property brokers, and appraisers. He has expertise dealing with banking and lender supervisory issues and compliance points that come up underneath the Reality in Lending Act, Actual Property Settlement Procedures Act, Unfair, Misleading, or Abusive Acts and Practices, Honest Credit score Reporting Act, Honest Debt Assortment Practices Act, Equal Credit score Alternative Act, Honest Housing Act, House Mortgage Disclosure Act, Gramm-Leach-Bliley Act, Financial institution Holding Firm Act, Nationwide Financial institution Act, House Possession and Fairness Safety Act, Safe and Honest Enforcement for Mortgage Licensing Act, and Nationwide Flood Insurance coverage Act, amongst different federal and state statutes and laws. Colgate may even conduct due diligence, present regulatory evaluate on offers, and defend shoppers towards enforcement actions and examination findings from numerous state and federal companies and regulators.
“Colgate’s background on the CFPB and his distinctive familiarity with the company’s guidelines will tremendously profit our shoppers lively on this extremely regulated house,” mentioned Wayne Streibich, Chair of Clean Rome’s FILARC observe group. “Within the present financial local weather, the mortgage business is ripe for consolidation, which is able to appeal to scrutiny from lawmakers and regulators alike. Colgate will draw upon his intensive authorities and personal observe expertise to navigate the evolving panorama in addition to handle any danger and compliance points that come up for shoppers.”
“I’m excited to affix Clean Rome and as soon as once more work with my former colleagues Andy Arculin, whom I labored with on the CFPB, and Scott Samlin, whom I beforehand labored with in personal observe, to proceed rising the agency’s client finance servicing choices, in collaboration with Wayne and the sturdy nationwide FILARC crew that the agency has constructed,” added Selden. “I count on that we are going to see a number of the CFPB’s new laws challenged in courtroom over the subsequent a number of months, and Clean Rome’s sturdy bench of litigators and spectacular FILARC observe are effectively positioned to deal with these issues.”
Colgate obtained his J.D., with honors, from Vermont Regulation Faculty, his LLM in securities and monetary regulation from Georgetown College Regulation Heart, and his B.S., with honors, from Ferrum School.
About Clean Rome
Clean Rome is an Am Regulation 100 agency with 14 places of work and greater than 600 attorneys and principals who present complete authorized and advocacy companies to shoppers working in the US and world wide. Our professionals have constructed a fame for his or her main information and expertise throughout a spectrum of industries and are acknowledged for his or her dedication to professional bono work of their communities. Since our inception in 1946, Clean Rome’s tradition has been devoted to offering top-level service to all of our shoppers and has been rooted within the energy of our range and inclusion initiatives. For extra info, please go to blankrome.com.
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CONTACT: Kate Tavella Clean Rome LLP 215.988.6988 [email protected]
