Thomas Kearney joined Akerman from the Consumer Financial Protection Bureau's Office of Regulations, where he played a key role developing and drafting multiple mortgage originations related rulemakings. He most recently led the team responsible for the Home Mortgage Disclosure Act rulemakings. Thomas was also substantially involved in the CFPB's Truth in Lending Act - Real Estate Settlement Procedures Act Integrated Disclosure or Know Before You Owe rulemaking and the Ability-to-Repay and Qualified Mortgage rulemakings. He also worked on various CFPB outreach efforts regarding the Dodd-Frank Act Title XIV rulemakings, and handled guidance for industry and other CFPB offices on legal and regulatory issues arising under TILA, HMDA, FCRA, and RESPA. He was also responsible for providing regulatory guidance on supervisory matters to the OCC, FDIC, and other prudential regulatory agencies.
Thomas' practice now centers on federal and state financial statutes and regulations. He assists lenders, financial technology companies, banks, and other financial services providers with navigating the wide range of challenges that arise under financial services laws, including UDAAP and regulatory implementation issues. He focuses his practice on issues arising under consumer financial laws, including the Truth in Lending Act, the Home Mortgage Disclosure Act, the Equal Credit Opportunity Act, and the Real Estate Settlement Procedures Act.
Prior to the CFPB, Thomas worked for several years as in-house counsel for a provider of mortgage compliance services to national banks, securitizers, non-depository mortgage lenders and other financial services companies. During his time in-house, he specialized in issues related to several federal and state consumer credit and bank regulatory regimes, as well as program requirements for loans owned by Fannie Mae/Freddie Mac or insured by the Federal Housing Administration/Veterans Administration.