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 mortgage investors, originators and servicers. He has litigated cases 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 Department of Housing and Urban Development (HUD), the Department of Justice (DOJ), the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve (FRB), the Consumer Financial Protection Bureau (CFPB), and a host of state banking regulators and court systems. In this capacity he has managed examinations, including CFPB supervisory exams, and served as in-house counsel for several financial services companies supporting internal business units, managing and responding to information requests, self-disclosing issues to state and federal examiners, and working with examiners during on-site reviews. Preston also provides compliance support for securities-based mortgage lenders and mortgage issues involving estates, probate and trusts.
Preston is licensed to practice in Alabama and Texas. He is also licensed as an inactive 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 and as a financial analyst for J.P. Morgan. Preston leverages his previous experience as a practicing CPA to deliver a business-driven approach to the law.