I have devoted my legal career to providing advice and counsel to the banking and consumer finance world, and have had the privilege of seeing that world from many different perspectives. I have served as in-house counsel at banks, including as General Counsel, worked as a senior attorney within the federal government, and led legal teams at companies developing loan documentation and compliance software for the financial institutions industry. I am well-versed in many aspects of the financial services industry, and I can utilize my legal knowledge to develop the practical legal solutions financial institutions need.
Lynette Hotchkiss is Of Counsel to our Consumer Financial Services practice group. Based in our Nashville office, Lynette primarily advises banks, mortgage lenders and servicers, and other financial institution clients on legal and regulatory matters related to consumer financial protection laws and regulations, and on corporate governance, risk management, and other bank safety and soundness issues.
Her role typically involves working closely with clients to first thoroughly understand their plans and strategic objectives, and then helping them successfully navigate the labyrinth of applicable laws and regulations in the most cost-effective, strategic manner. This implicates a host of complex, interrelated issues, all of which Lynette factors into her analysis and conclusions: what is the client’s strategic business objective? If developing or expanding a product or service, what will the planned product or service do? Who is the target market? What is the client’s current licensing or organizational structure? Will that structure be changing or expanding? And most importantly, what is the best way to manage the intersection of applicable laws and regulations to meet the client’s business objective?
Her unique, invaluable skill is the ability to take a practical, business-oriented approach to what are often very complex, abstract legal issues, and develop workable solutions. Thanks to her extensive professional experience in the industry, Lynette is well-grounded in the day-to-day needs of the clients she counsels, and has the ability to ask the right questions and then develop realistic, useful solutions to the challenges they face.
She is not a theoretician, but a problem-solver, and excels at presenting clients with both a lucid, organized analysis of their situation and an array of potential approaches, along with an analysis of the risks and benefits of each. By consulting with Lynette at the beginning of project planning, both project development and launch can proceed more smoothly and cost-effectively.