Brownstein Hyatt Farber Schreck is pleased to announce that Sarah Auchterlonie has joined the firm’s Litigation Department as a shareholder and will be based in the firm’s Denver office.
Auchterlonie is a former acting deputy enforcement director and one of the founding employees of the Consumer Financial Protection Bureau (CFPB), the federal agency charged with investigating and prosecuting violations of laws that protect consumers of financial services such as mortgage and auto loans, electronic payments or debt collection. Auchterlonie’s extensive regulatory and enforcement experience adds depth to the firm’s consumer protection practice. Having also worked at the U.S. Department of the Treasury’s Office of Thrift Supervision (OTS), she is one of the few private practice attorneys in the nation with experience as both a prudential bank regulator and with the CFPB Office of Enforcement. Auchterlonie is also the co-author of a practice guide for industry professionals, Consumer Finance Law and Compliance.
“Sarah’s in-house experience with the CFPB and the Treasury will be a huge asset to our clients facing regulatory enforcement action,” said Eric Burris, department chair of Brownstein’s Litigation Department. “Her unique knowledge of both prudential bank regulation and CFPB oversight makes her a valuable resource for companies with financial regulatory compliance concerns.”
During her time at the CFPB, Auchterlonie managed more than 20 enforcement attorneys as an assistant litigation deputy and an acting deputy enforcement director. Her notable work includes handling the CFPB’s first administrative proceeding and appeal to the bureau director, In the Matter of PHH Corp., Auchterlonie led the investigation and prosecution of CFPB matters involving mortgage servicing; reverse mortgages; payday, auto-title and small-dollar installment lending; real estate lending and settlement procedures; credit reporting and credit information furnishing; debt collection; telephone solicitation; consumer information privacy; multiple CFPB, FTC and Federal Reserve regulations; and unfair, deceptive and abusive acts and practices.
At the Treasury Department, Auchterlonie represented the OTS as a trial attorney on issues involving regulatory capital, lending limits and loan concentration, the Bank Secrecy Act/Anti-Money Laundering Act, releasing confidential supervisory information, the Freedom of Information Act, investigations of bank employees and investigations arising from the financial crisis.