WASHINGTON, D.C.—Blank Rome LLP is pleased to announce that R. Colgate Selden has joined the firm’s Washington, D.C., office as a partner in the Financial Institutions Litigation & Regulatory Compliance (“FILARC”) practice group.
At Blank Rome, Colgate will advise clients on federal and state laws regulating consumer and mortgage lending. Colgate joins Blank Rome from Promontory MortgagePath LLC, a company founded by a former comptroller of the currency and provider of digital mortgage and fulfillment solutions, where he served as managing director and head of regulatory legal, compliance, and risk.
Earlier in his career, Colgate served as an attorney-advisor at the U.S. Department of the Treasury and was a member of the Consumer Financial Protection Bureau (“CFPB”) Implementation Team, where he helped establish the CFPB as required under The Dodd-Frank Act. He then served as a senior counsel in the CFPB’s Office of Regulations for several years where he helped draft many key industry regulations, advised on policy matters, and led teams responding to inquiries from Congress, industry, and consumer groups. He subsequently joined Alston & Bird LLP where his national practice focused on federal and state consumer laws and regulations applicable to the banking and lending industries.
At Blank Rome, Colgate will advise banks and non-depositories on the federal and state laws that regulate consumer and mortgage lending as well as ancillary service providers and vendors such as FinTechs, lead generators, document providers, due diligence firms, title companies, real estate brokers, and appraisers. Colgate will also conduct due diligence, provide regulatory review on deals, and defend clients against enforcement actions and examination findings from various state and federal agencies and regulators.
Colgate received his J.D., with honors, from Vermont Law School, his LLM in securities and financial regulation from Georgetown University Law Center, and his B.S., with honors, from Ferrum College.