Joseph Reilly is a financial services counsel in Manatt’s Washington, D.C., office. Joe advises lenders, fintech startups and other financial services providers on compliance, lending and authority matters. He also defends clients in enforcement actions, informal investigations and examinations by the Consumer Financial Protection Bureau (CFPB), the Office of the Comptroller of the Currency, the Federal Reserve, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, state agencies, and mortgage government-sponsored enterprises.
Joe helps his clients navigate the complex regulatory structure of consumer and business lending laws, including compliance issues related to the Truth in Lending Act (TILA)/Regulation Z; the Equal Credit Opportunity Act/Regulation B; the Real Estate Settlement Procedures Act (RESPA)/Regulation X; unfair, deceptive, or abusive acts or practices; the Electronic Fund Transfer Act/Regulation E; the Fair Credit Reporting Act; debt collection laws, Gramm-Leach-Bliley Act privacy provisions; state licensing regimes; and other laws. He advises bank and bank-affiliated clients on bank powers, federal preemption, interstate expansion and a range of Bank Holding Company Act matters. Joe also advises federally chartered Farm Credit lenders on similar issues of authority, preemption and compliance across the range of their lending and investment activities. He has extensive experience advising on mortgage law issues, including RESPA’s anti-kickback provisions, and fair lending, servicing and mortgage insurance issues.
Joe frequently works with the American Bankers Association (ABA) and is the principal author of the ABA’s most popular publication ever: The CFPB Mortgage Origination Rules Deskbook (equally applicable to nonbank lenders). The 624-page treatise, now in its second edition, is the authoritative volume on mortgage lending regulations mandated by the Dodd-Frank Act.
Joe has two decades of experience with national and international law firms, advising consumer financial services clients on regulatory and compliance matters, and earlier in his career, advising financial institutions in private litigation and civil and criminal government enforcement actions. Previously, he worked as an investment banking associate with Credit Suisse. Joe served as law clerk to the Honorable Dennis Jacobs of the U.S. Court of Appeals, Second Circuit and to Federal District (now Circuit) Judge Reena Raggi. Before law school, he served for four years on the U.S. House of Representatives’ Financial Services Committee. After completing ROTC at Stanford University, Joe served with the U.S. Army Reserves 450th Civil Affairs Battalion (Airborne).