{{insights.date}}
{{insights.type}}
{{insights.contentTypeTag}}
Steve Conigliaro
Principal
Steve Conigliaro is a principal in the firm’s Financial Services Practice and provides strategic counsel to clients on a wide range of consumer banking and bank regulatory matters. During Steve’s 20+ year legal, risk and compliance career in financial services, he has been a trusted advisor to the world’s largest national banks, foreign banking organizations, credit unions, auto captive finance companies, payment card networks, mortgage originators, student lending servicers and payment card issuing and acquiring banks.
Steve served in leadership roles in several corporate compliance and legal departments, including with some of the largest national banks in the US. He has distinguished himself with deep regulatory knowledge and expertise and has been working at the forefront of consumer banking regulation since the creation of Dodd Frank in 2010. Steve has advocated on behalf of his clients on supervisory and enforcement matters with the Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau.
Steve counsels clients on all legal, regulatory and compliance requirements for retail and branch banking, digital banking, payments, mortgage originations and servicing, auto finance, credit cards, unsecured personal lending and buy-now-pay-later and student lending. He has led many important strategic transactions and partnership negotiations including auto finance-OEM private label agreements, whole loan purchase agreements with major point-of-sale personal loan originators and mortgage originators, mortgage loan servicing rights agreements and transformational bank partnership agreements with financial services technology providers. Steve also has a strong track record of successfully defending financial institutions on alleged fair lending violations under ECOA, FHA and CRA and has resolved matters in supervision and in enforcement for auto finance, mortgage and branch banking clients.
Steve began his legal career at a leading global law firm and was a founding member of its Financial Services Practice Group, where he specialized in representing payment card networks, banks and other financial institutions in compliance, litigation and regulatory enforcement actions.
- Served as lead counsel for a national bank on several strategic transactions, including a US$4 billion annual loan purchase agreement with a major point-of-sale personal loan originator, various mortgage loan servicing agreements with mortgage originators and the buying and selling of secondary market mortgage transactions on hold for sale and hold for investment mortgage paper.
- Lead counsel representing several national banks on the engagement with the banks’ prudential regulators and enforcement agencies on all consumer banking supervision, including the successful resolution of several escalated supervisory matters, including MRAs, MRIAs and PARR Letters.
- Counseled a national bank on the bank’s compliance with all applicable federal and state consumer lending laws related to the development of a new unsecured personal lending product that was successfully launched in 27 states.
- Represented an automobile captive finance company and a national bank in a fair lending investigation involving multiple regulatory agencies under the Equal Credit Opportunity Act, related to auto dealer compensation during the indirect auto loan originations process.
- Served as the Consumer Banking Practice Group leader for a national bank and managed all legal, regulatory and exam management matters for a US$80 billion consumer lending portfolio across four consumer banking businesses, including mortgage, credit card, personal lending and retail and branch banking.
Education
- Cornell Law School, J.D., cum laude, 2002
- Bucknell University, B.A., 1999
Admissions
- California, 2004
- New York, 2004
- Arizona, 2024