att name

Joseph J. Reilly


  • p. 202.349.7965
  • 202.349.7966
  • f. 202.349.8080


Joe Reilly is a partner in BuckleySandler’s Washington office where he focuses his practice on residential mortgage origination and servicing (including default and loss mitigation). He also advises a wide range of clients on other consumer-finance matters before the CFPB and other federal and state financial regulators. Mr. Reilly’s work includes frequent counseling on the entire panoply of new CFPB mortgage rules, RESPA, UDAAP, mortgage-insurance issues, fair and responsible lending and servicing, disclosures, contract terms, fee authorization, and preemption.

Mr. Reilly has authored the “CFPB Mortgage Origination Rules Deskbook,” the seminal treatise on the regulations governing the mortgage origination industry issued under the Dodd-Frank Act. Published by the American Bankers Association (ABA) but applicable to all mortgage originators, the CFPB Deskbook quickly became the ABA’s most downloaded publication ever. The CFPB Deskbook consolidates every source of regulatory guidance on all Dodd-Frank Title XIV mortgage origination rules, including those on Qualified Mortgages, Points & Fees, Loan-Originator Compensation, and many others. A second edition with expanded topics will be published in the fall 2016.

In advising clients, Mr. Reilly also draws on his extensive litigation background. This experience informs his advice on important issues such how a court could view a dispute, as well as the protection of privileges, work product, confidential supervisory information, and associated risks of waiver. In addition to his consumer-finance work, his previous litigation practice included defending clients in enforcement proceedings brought by the SEC, the DOJ, and other regulators. In private civil matters (including class actions), he asserted or defended claims in diverse legal fields, including D&O fiduciary duties, securities, antitrust, civil RICO, and breach of contract.

Representative consumer finance matters include:

  • Representation of two top 10 banks and numerous other institutions in preparing for and responding to CFPB examinations, including preparation of written responses to CFPB questions
  • Advice to non-banks and banks on the CFPB’s loan-originator compensation and “ability to repay / Qualified Mortgage” rules
  • Advice to a top 5 bank and many other servicers on preparing to implement the CFPB’s mortgage servicing rules
  • Representation of a top 10 bank in due diligence of an acquisition target’s mortgage origination and servicing operations
  • Advice on federal preemption of state consumer credit laws
  • RESPA compliance advice to numerous settlement services providers
  • Representation of two large national banks in connection with Office of the Comptroller of the Currency and attorney general investigations into alleged “robo-signing” and other defects in the foreclosure process

Mr. Reilly is Senior Vice Chair of the Truth-in-Lending Subcommittee of the American Bar Association’s Committee on Consumer Financial Services. He also is a member of the Banking Law Committee.

Prior to joining BuckleySandler, Mr. Reilly was a Special Counsel at Sullivan & Cromwell, and before entering private law practice, Mr. Reilly was an investment banker at Credit Suisse.

Congressional Experience. For over four years, Mr. Reilly served in several Committee staff positions in the U.S. House and Senate, including as Chief Investigator for the House Financial Services Committee’s Democratic Staff, supervising their investigation of the “Whitewater” matter. He previously oversaw fair lending, consumer protection and Bank Secrecy Act matters.

Military Service. After completing ROTC at Stanford Airborne School, Officer Basic Course (and later the Advanced Course), Mr. Reilly served part-time as an Army Reserve Officer in the 450th Civil Affairs Battalion (Airborne) for over four years.

Significant Representations


Knowledge & Insights

Speaking Engagements & Events