Reilly brings over two decades of experience to the role.
05/18/2023 6:00 A.M.
1.5 minute read
Joseph Reilly, an experienced attorney who advises financial services companies in a wide variety of regulatory, enforcement, and compliance matters, has joined Troutman Pepper’s nationally recognized Consumer Financial Services Practice Group as a partner. He most recently practiced at Manatt, Phelps & Phillips, LLP.
Based in Washington, D.C., Reilly has over two decades of experience representing financial institutions—from fintech start-ups and neobanks to lenders and mortgage servicers—in a wide variety of regulatory, enforcement and litigation matters. He has extensive experience in enforcement actions, informal investigations and examinations by the Consumer Financial Protection Bureau, Office of The Comptroller of The Currency, Federal Reserve, Federal Deposit Insurance Corporation, the U.S. Securities and Exchange Commission, numerous state agencies and the mortgage government-sponsored enterprises such as Fannie Mae.
Reilly’s compliance counseling covers the entire collection of consumer and business lending laws and rules under the Fair Credit Reporting Act, debt-collection laws, GLBA privacy provisions, and state licensing regimes, among others. For banks and bank-affiliated clients, he also advises on bank powers, federal preemption, interstate expansion and a range of Bank Holding Company Act matters, including rules on inter-affiliate transactions, tying and director qualifications.
“We are delighted to welcome Joe—a highly sought-after financial services and bank regulatory compliance attorney—to Troutman Pepper,” said John West, chair of the firm’s Business Litigation department. “His expertise, including particular knowledge of mortgage compliance issues, will greatly benefit our mortgage, fintech, and payments company clients across the firm.”
“Joe is a well-known financial services authority both in D.C. and nationally who not only brings mortgage regulatory expertise but state licensing capabilities to the firm,” said Henry Liu, managing partner of Troutman Pepper’s Washington, D.C. office.
Reilly is the third partner to join the firm’s highly regarded Consumer Financial Services team in the last two months. Last year, Troutman Pepper attracted an industry-leading, seven-partner team to the practice. The team helps clients resolve litigation, provides regulatory guidance and assists with investigations and actions initiated by federal and state government agencies.
“Troutman Pepper has a market-leading financial service team that is known for its dedication to client service,” Reilly said. “I look forward to partnering with my colleagues across the firm to better serve our clients’ needs.”
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