Overview
Jessica M. Shannon is an associate in the litigation practice of Paul Hastings and is based in the firm’s Washington, D.C. office. Her practice focuses on representing clients in the financial services industry in government enforcement actions before federal and state regulators. Ms. Shannon’s experience includes matters initiated by the Consumer Financial Protection Bureau (CFPB), Federal Trade Commission (FTC), Department of Justice (DOJ), Federal Reserve Board, U.S. Department of Housing and Urban Development (HUD), and state banking agencies.
Fairness at the Forefront: Developments in Fair Lending
She also has experience advising clients on regulatory compliance matters with respect to a range of consumer financial protection statutes and regulations, including the Equal Credit Opportunity Act (ECOA), Fair Housing Act (FHA), Servicemembers Civil Relief Act (SCRA), Electronic Fund Transfer Act (EFTA), Truth in Lending Act (TILA), as well as unfair, deceptive, or abusive acts or practices (UDAAP) provisions under the Dodd-Frank Act.
Prior to joining the firm, Ms. Shannon was an associate with a midsize law firm, focusing on government enforcement and fair lending issues. Ms. Shannon received her J.D., summa cum laude, from American University in 2016, where she was an Articles Editor for the American University International Law Review. She received her Bachelor of Arts from Lehigh University in 2013.
Recognitions
- Fairness at the Forefront: Developments in Fair Lending
Education
- American University, J.D. (summa cum laude), 2016
- Lehigh University, B.A., 2013
Representations
- Represented several banks and non-bank companies in fair lending investigations initiated by the DOJ, CFPB, OCC, HUD, and state Attorneys General.
- Responded to federal enforcement actions, including subpoenas and Civil Investigative Demands (CID) from the CFPB, DOJ, FTC, Federal Reserve Board, and HUD.
- Advised and represented financial institutions during supervisory examinations, including responding to exam requests, supervisory letters, and Potential Action and Request for Response (PARR) letters.
- Advised financial institutions and fintech companies on regulatory compliance matters, including fair lending, redlining, disparate impact, UDAAP, advertising, electronic funds transfers, and payments.
- Performed risk assessments and reviews for banks and non-banks covering fair lending, fair servicing, electronic funds transfers, UDAAP, marketing, and compliance management across business and operational lines.
Engagement & Publications
- "Modern Day Redlining in Focus: Takeaways from Trident Mortgage and Beyond,” Mortgage Bankers Association Member Webinar, 2022
- "Fairness at the Forefront: Developments in Fair Lending," American Bar Association Business Law Section Webinar, 2022