I’m a lawyer because I like to ask the question, “Why?” Why are certain things prohibited and why do certain things need to be done in a precise way? I like to ask those questions and then I like to find out “why.” Often, the reasons are very interesting; either from a historical or public policy perspective.
Colin Quillinan advises a broad range of providers of consumer financial services on compliance with state and federal law, including usury restrictions, preemption, licensing, and other regulatory compliance matters.
Previously, Colin served as Vice President and Director of Compliance at a major financial holding company where he led the teams overseeing policies, reporting, and regulatory change management for all compliance functions across the national footprint of entities (totaling approximately $150 billion in assets in aggregate). His role included performing risk assessments with respect to upcoming regulatory changes, and advising the business on the large-scale operational implications of compliance issues.
Drawing on this industry experience, which involved working hand-in-hand with businesspeople in consumer, investment and commercial banking, Colin developed a unique capability to translate legal issues into practical solutions. When a banker needs to know what to do, Colin analyzes complex scenarios involving regulations and provides simple, easy-to-understand and above all, actionable analysis. He communicates relatable compliance requirements to his clients, going into deeper detail if asked, but focusing on providing immediately useful guidance. This often requires evaluating a host of alternatives, and developing scenarios – “We can’t do it that way, but we can do it that way by adding X, Y and Z.”
A frequent challenge for attorneys, particularly those dealing with complex statutory or regulatory regimes that directly affect their clients’ businesses, is communicating legal concepts to businesspeople, who often feel that the lawyer doesn’t fully appreciate the business realities of their strategic situation. Colin’s background, work and role gives him a foot in both worlds, that of the client and of the law, and enables him to operate as a supremely effective envoy to the former from the latter. There is no such thing as theoretical or potential compliance, and he ensures that his clients operate fully within the requirements of the law, no matter how complex, changeable or situational they may be.