Marshall T. Bell represents financial institutions throughout the United States on consumer finance and bank regulatory issues. As Partner in the Washington, D.C., office of Buckley LLP, Mr. Bell advises both bank and nonbank financial services companies on a range of consumer financial services matters such as the regulation of auto finance, fair lending, Regulation Z, the Fair Credit Reporting Act (FCRA), state retail installment sale laws, and debt collection.
He assists clients in relation to regulatory examinations and in enforcement actions by the Consumer Financial Protection Bureau (CFPB), Department of Justice (DOJ), and state attorneys general. He also represents clients in financial services transactional matters, including providing advice regarding regulatory due diligence, risk mitigation, and obtaining any necessary regulatory approvals.
Mr. Bell’s recent representative matters include:
- Representing multiple indirect auto creditors in connection with fair lending enforcement actions by the CFPB and/or the Department of Justice
- Working with consumer finance companies to develop new credit products secured by vehicles or other personal property
- Advising lessors of residential solar power systems regarding the application of Regulation M, the Consumer Leasing Act, and other consumer protection laws
- Assisting a specialty finance company in connection with a CFPB examination
- Advising private equity firms related to transactions involving financial services companies engaged in indirect auto finance, specialty finance, peer-to-peer lending, debt collection, and money transmission
Mr. Bell has been recognized by Legal 500 as a leading lawyer in Financial Services: Regulation. Prior to joining Buckley, Mr. Bell was in-house counsel for Ally Financial, providing advice regarding regulatory issues in connection with Ally’s auto finance operations and fair lending matters. Before going in-house, he was an Associate at Weil, Gotshal & Manges LLP and Wilmer Cutler Pickering Hale and Dorr LLP, where his practice focused on financial services litigation and regulatory transactional matters.
Mr. Bell received his J.D. from the University of Michigan and his B.S.C. from the University of Alabama.
The Legal 500 once again ranked Buckley as a top law firm and recognized it in five categories:
- Corporate Investigations and White Collar Criminal Defense: Corporate – Tier 4
- Corporate Investigations and White Collar Criminal Defense: Individuals – Tier 2 ...
Buckley Sandler LLP again has been noted as one of the nation’s top law firms by The Legal 500 in its 2018 rankings, with recognition in five practice areas:
- Financial Services: Litigation
- Financial Services: Regulation
- Corporate ...
WASHINGTON, DC (June 16, 2017 ) - Buckley Sandler , a premier financial services, government enforcement and litigation law firm, announced today that Marshall T. Bell and Antonio J. Reynolds , both resident in the firm’s Washington, DC , office, have been promoted to partner, effective May 1, 2017...Press Releases
Buckley Sandler LLP hosted its eighth annual Fair Lending Today conference in Washington, DC on March 13-14, 2016. The two-day event featured an evening of interactive roundtable discussions on fair lending issues, followed by a full day of seminars. The sessions were led by Buckley Sandler...In The News
"CFPB Issues Rule Regarding Payday, Title, Deposit Advance, and Certain Other Installment Loans" By Marshall T. Bell (Thomson Reuters)
On October 5, 2017, the CFPB published its final rule (the “Rule”) addressing payday loans, vehicle title loans, and certain other extensions of credit (collectively, “covered loans”). Among the Rule’s key provisions, it requires lenders to determine a borrower’s ability to repay for “covered short...Articles
John C. Redding, Marshall T. Bell, and Megan E. Whitehill Authored a Law360 Article, "Ability-To-Repay Enforcement Comes To Auto Finance"
In recent years, regulators and enforcement agencies have eagerly exercised their authority to prosecute what they perceive as unfair or deceptive acts and practices (UDAPs). Unfortunately for the auto finance industry, these regulators and agencies show no sign of tapping the brakes on such...Articles
On July 28, the CFPB announced that it is considering proposing a rule to “overhaul the debt collection market by capping collector contact attempts and by helping to ensure that companies collect the correct debt.” The CFPB released several related documents, including a report on third-party debt...Articles
On June 2, 2016, the CFPB published its proposed rule (the “ Proposed Rule ”) addressing payday loans, vehicle title loans, and certain other installment loans (collectively “covered loans”). This alert summarizes the Proposed Rule and compares the Proposed Rule to the CFPB’s March 26, 2015 outline...Articles
"Key Points in the CFPB’s Outline of Proposed Rule for Third Party Debt Collectors" By Marshall T. Bell, John C. Redding, and Walter E. Zalenski (Consumer Finance Law Quarterly Report)
On July 28, 2016 the Bureau of Consumer Financial Protection (CFPB) announced that it is considering proposing a rule to “overhaul the debt collection market by capping collector contact attempts and by helping to ensure that companies collect the correct debt.” The CFPB released several related...Articles
On June 10, the CFPB issued its final rule to oversee “larger participant” nonbank auto finance companies. Although the CFPB received significant feedback during the comment period, the final rule is nearly identical to that proposed in September 2014. Under the final rule, the CFPB will have...Articles
On March 26, the CFPB announced that it is considering proposing a rule to “end payday debt traps” and released several related documents, including a fact sheet and an outline of the proposal that will be presented to a panel of small businesses pursuant to the Small Business Regulatory...Articles
Awards & Recognitions
- Legal 500 2019: Recognized in Financial Services: Regulation
- Legal 500 2018: Recognized in Financial Services: Regulation
- Alternative Finance
- Auto Finance
- Bank Counseling & Compliance
- Consumer Finance
- Consumer Financial Protection Bureau
- Credit, Debit & Prepaid Cards
- Debt Collection & Buying
- Enforcement Actions & Investigations
- Fair Lending
- Federal Trade Commission
- Private Banking
- Private Equity & Venture Capital
- State Attorneys General
- Vendor Management
- J.D., University of Michigan, 2003 (magna cum laude, Order of the Coif)
- B.S.C., University of Alabama, 2000 (summa cum laude)
- District of Columbia
- New York