Preston Neel provides litigation and regulatory compliance assistance to financial services clients across the country. He is one of a small number of lawyers who has earned an Accredited Mortgage Professional designation through the Mortgage Bankers Association (MBA).
With respect to litigation, Preston primarily represents clients in the residential mortgage space including forward and reverse mortgages. He has litigated cases for investors, originators and servicers involving a wide array of state, federal, and statutory law claims, including claims related to the Fair Credit Reporting Act (FCRA), the Fair Debt Collection Practices Act (FDCPA), the Truth in Lending Act (TILA), the Real Estate Settlement and Procedures Act (RESPA), the Racketeer Influenced and Corrupt Organizations Act (RICO), the Telephone Collection Practices Act (TCPA), bankruptcy discharge violations, and state consumer protection violations.
On the compliance side, Preston has assisted several clients with bringing their operations into compliance with various obligations imposed on them by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd Frank), the Consumer Financial Protection Bureau (CFPB), the National Mortgage Settlement (NMS), and other state foreclosure law changes. In this capacity he has also served as in-house counsel for several financial services supporting internal business units, managing and responding to information requests, self-disclosing issues to the CFPB, and working with examiners during on-site reviews. Preston also provides compliance support for securities based mortgage lenders and mortgage issues involving estates and trusts.
Preston is licensed to practice in Alabama and Texas. He is also a licensed Certified Public Accountant in those states. Prior to law school, he worked in the areas of audit and attestation for Arthur Anderson, LLP and KPMG, LLP. He also worked as a financial analyst for J.P. Morgan Investment Management, Inc. Preston leverages his previous experiences as a practicing CPA to deliver a business-driven approach to the law.