Lindsay S. Oak

Summary

Lindsay focuses her practice on financial services and consumer lending. Previously serving as in-house counsel with one of the nation’s largest full-service banking franchises, she gained extensive experience with the transactional, litigation, and regulatory needs of banks and other financial service providers. She also focuses her practice on the FinTech industry, helping clients merge technology with traditional banking and lending products.

Navigating Consumer Financial Protection Bureau (CFPB) and Office of the Comptroller of Currency (OCC) rules and regulations, Lindsay ensures that her clients remain compliant within this continually-changing regulatory landscape. Specifically, Lindsay has experience with state and federal regulations related to mortgage and consumer lending, including the Truth in Lending Act (TILA) and Regulation Z, the Fair Credit Reporting Act (FCRA), the Equal Credit Opportunity Act (ECOA) and Regulation B, the Fair Debt Collections Practices Act (FDCPA), the Real Estate Settlement Procedures Act (RESPA), the Gramm-Leach-Bliley Act (GLBA), the Bank Secrecy Act (BSA) and the Anti-Money Laundering Act (AML). She has successfully advised clients on CFPB examinations, enforcement actions, and OCC rule implementation.

Additionally, Lindsay has advised clients on mortgage licensing and represented them in administrative hearings before state licensing agencies. She assesses clients’ fair lending data and help clients strengthen their fair lending programs for mortgage loans. She also advises banks and lenders on warehouse lending issues and negotiating the terms of warehouse facilities.

Lindsay is also well-versed in flood, loan originator compensation, privacy and data security, and guidelines from Fannie Mae and other government-sponsored enterprises (GSEs), the Department of Housing and Urban Development (HUD), and the Department of Veterans Affairs.

Awards

  • Recipient, Service Heart Volunteer Award, Huntington National Bank (2019)

  • Recipient, Outstanding Performance Award, Axcess Financial Services, Inc. (2016)

Education

  • Case Western Reserve University School of Law

    Articles Editor, Canada-United States Law Journal
    Executive Treasurer, Student Bar Association
    Secretary Tribune, Delta Theta Phi Law Fraternity

  • University of California, Berkeley

Admissions

  • State - Ohio
  • Federal - Southern District of Ohio
  • State - District of Columbia

Notable Matters

  • Successfully represented mortgage lender and money transmitter licensee in state license revocation and enforcement actions, resulting in no license revocation.
  • Represented buyer in acquisition of money transmitter licensee, advising on license change of control requirements and conducting due diligence under money transmitter laws.
  • Represented client in HUD fair lending complaint alleging discrimination under the Fair Housing Act.
  • Advised fintech lenders on new product launches, consumer-facing agreements and disclosures, and consumer regulatory obligations.
  • Drafted account agreement, payment authorizations, and overdraft disclosures for depository institution client.
  • Counseled agricultural lender on commercial financing disclosure laws in California, New York, Florida, Georgia, and Virginia.
  • Advised medical billing servicer on Truth in Lending disclosures and payment intake process flows for medical billing payment plans.
  • Counseled motor vehicle dealer on application of state laws to auto leasing and short-term car rentals.
  • Assisted remittance transfer provider in applying for California money transmitter license.
  • Counseled financial institutions on obligations under the Bank Secrecy Act and AML/CFT compliance, and conducted AML/CFT risk assessments.
  • Represented mortgage lenders in fair lending complaints brought by the Ohio Civil Rights Commission.
  • Advised educational institution on required disclosures for tuition payment plans and best practices for student financial responsibility agreements.
  • Conducted fair lending assessments of mortgage lenders’ HMDA data in preparation for state compliance and CFPB examinations.
  • Created compliance program and risk assessments for startup fintech lender to comply with consumer regulatory laws.

Speeches and Publications

News

Professional Affiliations

  • Women Lawyers of Franklin County

    Member

Community Involvement

  • 1girl

    Board Member

  • Mt. Olivet Baptist Church Urban Resurrection Community Development Corporation

    Legal Aid Society of Columbus Volunteer Attorney, Monthly Brief Advice Clinic

  • The Huntington National Bank

    Co-Chair, Pro Bono Committee (2018-2019)

  • Pelotonia

    Virtual Rider (2019)

  • YWCA USA

    Volunteer (2018)

  • Columbus City Schools

    Volunteer, Adopt-a-Classroom (2017)

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