Kim Phan and Lori Sommerfield have joined Troutman Pepper’s Consumer Financial Services Practice Group as partners.
03/28/2022 9:00 A.M.
1.5 minute read
Kim Phan and Lori Sommerfield have joined Troutman Pepper’s nationally recognized Consumer Financial Services Practice Group as partners, according to a recent press release. They join more than a dozen other financial services-focused attorneys who came to the firm earlier this year, including seven partners announced last month.
“We are delighted to welcome Kim and Lori to Troutman Pepper and are excited to add their respective expertise in privacy and data protection and consumer financial services regulatory compliance to the firm,” said partner John West, chair of the firm’s business litigation department. “Their sophisticated practices are direct complements to our existing team and clients.”
Based in the firm’s Washington, D.C., office, Phan focuses her practice on privacy and data protection, counseling companies on the Gramm-Leach-Bliley Act, the Fair Credit Reporting Act, the Telephone Consumer Protection Act, and other federal and state privacy and data security statutes and regulations. She regularly provides strategic planning and guidance for companies to incorporate privacy and data security considerations throughout product development, marketing and implementation.
Based in Minneapolis, Minnesota, and affiliated with the Washington, D.C., office, Sommerfield has over two decades of consumer financial services regulatory compliance experience in federal government, in-house, and private practice settings. With a specialty in fair lending and responsible banking, she has successfully represented banks and non-banks in navigating supervisory issues, preparing for examinations by the Consumer Financial Protection Bureau and prudential federal banking agencies, and defending fair lending investigations and enforcement actions by the CFPB and U.S. Department of Justice.
“Troutman Pepper’s national platform and the breadth and depth of its Consumer Financial Services Practice Group attracted us to the firm,” Sommerfield said.
“The firm’s dedication to client service excellence was also a big draw, and we are excited to join our colleagues here,” Phan added.
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