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Patricia E.M. Covington
Partner
804-212-1201


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Suite 103
Richmond, VA 23235
804-212-1170
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Professional Experience

Hudson Cook, LLP, June 2005 to present.

Practice focuses on all areas of consumer financial services law, including auto finance, small installment lending, federal regulatory compliance, CFPB-readiness, privacy, data security and information management, electronic commerce, marketing, as well as matters involving the Federal Trade Commission and the Consumer Financial Protection Bureau. She advises banks, sales finance companies, motor vehicle dealers, small installment lenders, other similar creditors, service providers and technology providers.

CarMax, Inc., 1997 - 2005

Assistant Vice President and Deputy General Counsel: Responsible for managing the legal department's business operations group which handled matters relating to compliance in the areas of federal and state laws for motor vehicle retail financing, motor vehicle dealer law, electronic transactions, franchise law, marketing law, privacy, security and information management, and government affairs; implemented compliance programs for TILA, FCRA, GLB, and National Do Not Call Registry (FTC and FCC).

Maloney, Barr & Huennekens, P.C., 1992 - 1997

Associate: Engaged in a commercial practice, representing banks, creditors and Chapter 7 Bankruptcy Trustees in matters relating to bankruptcy and commercial loan transactions; and representing closely-held companies in mergers and acquisitions, commercial contracts and corporate matters.

Education

T.C. Williams School of Law, University of Richmond, Richmond, Virginia J.D. 1992 (cum laude).

James Madison University, Harrisonburg, Virginia 1989 (summa cum laude).

Professional Memberships and Activities

Admitted to practice in Virginia (1992).

American Bar Association: Business Section, Consumer Financial Services Committee, Privacy Subcommittee Chair 2009 to 2011, Privacy Subcommittee Vice-Chair 2006 to 2008, Liaison to Gatekeeper Task Force 2007 to 2009; American Financial Services Association: State Government Affairs Committee 2005 to Present, Identity Theft & Fraud Committee 2008 to Present, Vehicle Finance Board 2005 to Present, Counsel to Ancillary Products Working Group May 2011 to Present, Operations & Regulatory Compliance Committee - Business Partner Group 2013 to Present; National Association of Dealer Counsel: Board of Directors 2004 to Present, Immediate Past-President 2013 to Present, President 2011 to 2013, Vice President 2009 to 2011, Treasurer 2004 to 2009, Founding Board Member; Virginia State Bar.

Fellow of the American College of Consumer Financial Services Lawyers

Governing Committee of the Conference on Consumer Finance Law

Speeches and Publications

Hudson Cook Consumer Financial Services Conference - Practical Compliance for Auto Finance and Leasing Professionals, June 2015.

American Financial Services Association (AFSA) Education Foundation, THE EDGE Program - Regulatory Compliance, June 2015.

National Automotive Finance Association (NAF), Auto Finance Compliance Certification Program - Module Four, May 2015.

CU Direct, Lending & Marketing Conference - Addressing Regulator Concerns on Dealer Payments and What's Next in Auto Lending Regulation, May 2015.

American Financial Services Association (AFSA), 32nd Independents Conference & Exposition - Independents Vehicle Finance Executive Group - Snippets on the Law, April 2015.

Leedom Group - BHPH World Convention - "Today's" Top Regulatory Activity & Issues, April 2015.

National Automotive Finance Association (NAF), Auto Finance Compliance Certification Program - Module One, March/April 2015.

Leedom Group - DCF Twenty Group, Forty Fourth Meeting - The CFPB, Their Expectations & Compliance Management Systems, March 2015.

National Automotive Finance Association (NAF) - Auto Finance Compliance Certification Program (Co-developer of this program and one of two persons who teach the 2 in-classroom sessions) - Module One and Module Four. January, May and November 2014, January 2015, This is a continuing program.

National Automobile Dealers Association - Annual Convention, Conquer Compliance: Protect Your Profits and Legacy, January 2015.

American Financial Services Association (AFSA), Independents Vehicle Finance Executive Group - Snippets on the Law, January 2015.

The National Alliance of Buy Here Pay Here Dealers (NABD) Best Practices Conference - Compliance Management System, What's Needed, January 2015.

Leedom Group Credit & Collections Conference, Keynote Speaker on Collections and Compliance in Today's Environment, December 2014.

Leedom Group Credit & Collections Conference, Workshop on Understanding Compliance in BHPH, December 2014.

Leedom Group - 20 Group, The CFPB and the Current Regulatory Environment, November 2014.

"5 Stages of Compliance Grief," Spot Delivery, a CounselorLibrary publication, October 2014.

Compli CFPB Webinar Series, Workshop Two: Compliance Program, October 2014.

Leedom Group - 20 Group, The CFPB and the Current Regulatory Environment, October 2014.

Financial Service Centers of America Annual Conference, Workshop on Compliance Management Systems, October 2014.

Leedom Group - 20 Group, The CFPB and the Current Regulatory Environment, September 2014.

Compli CFPB Webinar Series, Workshop Two: Board of Directors and Management Oversight, September 2014.

American Financial Services Association (AFSA) - Compliance Outlook: Ancillary Products, July 2014.

Compli CFPB Webinar Series, Workshop One: Compliance Management Systems - Building a CMS, July 2014.

American Financial Services Association (AFSA) - Ancillary Products Working Group: Compliance Issues Related to Ancillary Products, June 2014.

Virginia Independent Automobile Dealers Association - Annual Conference, Dealer Day, The CFPB and Compliance - Why You Should Care and What You Should Have on Your Radar, May 2014.

The National Alliance of Buy Here Pay Here Dealers (NABD) Conference - "A Compliance Management System - What It Is, Why You Need One & How You Create One," May 2014.

American Financial Services Association (AFSA), Independents Conference - CFPB Compliance - Preparing for A Visit by the CFPB, April 2014.

American Financial Services Association (AFSA) - Operations & Regulatory Compliance Committee: Compliance Management Systems, January 2014.

Wells Fargo Preferred Capital Annual Summit 2012 - Issues to Have on Your Radar Because ...The CFPB Does, October 2013.

National Automotive Finance Association (NAF) Annual Conference - A Compliance Management System, You Ought to Have One! June 2013.

National Automotive Finance Association (NAF) Annual Conference - Introduction to Compliance Certification, June 2013.

The National Alliance of Buy Here Pay Here Dealers (NABD) Conference - Compliance Management System, What is it & How Does Your Company Create One? May 2013.

The National Alliance of Buy Here Pay Here Dealers (NABD) Dealer Academy - Compliance Do's and Don'ts Q&A, May 2013.

The National Alliance of Buy Here Pay Here Dealers (NABD) Dealer Academy - Compliance Moves to Make Now, May 2013.

The National Alliance of Buy Here Pay Here Dealers (NABD) Dealer Academy - Compliance Management System, What is it & How Does Your Company Create One? May 2013.

AutoCPA - Federal Regulatory Developments Affecting Dealers, May 2013.

Hudson Cook Consumer Financial Services Conference - Compliance Management System, What is it & How Does Your Company Create One? May 2013.

American Financial Services Association, Independents Conference - Risks & Rewards: Ancillary Products in the New Regulatory Environment, April 2013.

National Automotive Finance Association (NAF) Roundtable - The CFPB, What to Expect & What You Should Do to Prepare, January 2013.

Wells Fargo Preferred Capital Annual Summit 2012 - The CFPB, What to Expect & What You Should Do to Prepare, October 2012.

National Association of Dealer Counsel, Fall Conference - Fair Lending, It Needs to be on Your Dealer's Radar, October 2012.

Independent Finance Association of Illinois - What is the CFPB Actually Doing? July 2012.

66th Annual NIADA Convention and Expo - Hello, I'm Your Federal Regulator and I'm Here to do a Compliance Audit, June 2012.

The National Alliance of Buy Here Pay Here Dealers (NABD) Conference - Compliance Do's & Don'ts, BHPH Basics, May 2012.

The National Alliance of Buy Here Pay Here Dealers (NABD) Dealer Academy - Getting Compliant Now, May 2012.

Hudson Cook Housing and Auto Finance Workshop - Issues on the Horizon for Sales Finance Companies and Dealers, May 2012.

American Financial Services Association (AFSA), Independents Conference - CFPB and Compliance, What will the CFPB mean for independents? April 2012.

American Financial Services Association (AFSA), Independents Vehicle Finance Executive Group - Fair Lending and Auto Finance Companies, February 2012.

Special Finance Conference, Industry Summit - The Changing Legal Landscape and What it Means for BHPH Dealers, September 2011.

Hudson Cook Housing and Auto Finance Workshop - Dodd-Frank Deeper Dive: The Impact of Dodd-Frank on Motor Vehicle Finance, May 2011.

National Vehicle Leasing Association Annual Conference - Consumer Financial Protection Bureau & Vehicle Leasing, May 2011.

F&I and Showroom Magazine Webinar - Dodd-Frank Act, What it Means for Auto Dealers, May 2011.

National Association of Dealer Counsel, Annual Conference - The New Regulatory Environment for Dealers - the FTC's New Authority, An Interview with Joel Winston, April 2011.

Power Group One (Dealer 20 Group) - Regulatory Update, February 2011.

National Association of Dealer Counsel, Fall Workshop - The Bureau of Consumer Financial Protection - What does this mean to dealers? October 2010.

Missouri Automobile Dealers Association - GLBA Model Privacy Rule & Risk Based Pricing, July 2010.

National Association of Dealer Counsel, Annual Conference - Risk Based Pricing Rule, GLB Model Privacy Forms, and Telemarketing Use of Prerecorded Messages, April 2010.

"2010 Privacy and Data Security Developments," The Business Lawyer, Vol. 65, No. 2, February 2010 (co-authored with Meghan Musselman).

"FinCEN Proposes to Expand AML and SARs Requirements to Non-Bank Mortgage Lenders," Basis Points, Issue 06, October 2009.

"FTC Delays Red Flags Enforcement to Ensure Effectiveness," Basis Points, Issue Vol. 1, Issue 02, June 2009.

"Data Security: National Legislation Reintroduced and the FTC Continues to Push for Enhanced Consumer Protection," Basis Points, Issue Vol. 1, Issue 02, June 2009 (with Meghan Musselman).

"Privacy and Data Security Developments Affecting Consumer Finance in 2008," The Business Lawyer, Vol. 64, No. 2, February 2009 (with Meghan Musselman).

"Avoiding Whammies in the New Year," Spot Delivery, Vol. 11, Issue 7, January/February 2009 (with C. Carter Berkeley).

"Use of the Word 'Free' in Ads Just Might Cost You," Spot Delivery, Vol. 11, Issue 3, September 2008 (with Jeremy R. Sausser).

"States Continue Crack Down on Ad Practices," Spot Delivery, Vol. 10, Issue 10, May 2008 (with C. Carter Berkeley).

"Recent Developments Affecting Privacy in 2007," The Business Lawyer, Vol. 63, No. 2, February 2008 (with Meghan Musselman).

"The New and Improved '1325'," Spot Delivery, Vol. 10, Issue 6, December 2007 (with Maya P. Hill).

"Consumer Privacy and Information Security Issues," The Blue Sky Bugle, Volume 2007, Number 3, November 2007.

"Gap ... Do it Right!" Spot Delivery, Vol. 10, Issue 3, September 2007.

"Privacy Notices - They're 'New and Improved'," Spot Delivery, Vol. 9, Issue 9, April 2007.

"Data Privacy and Security: Recent Developments Affecting Consumer Finance." The Business Lawyer, Vol. 62, No. 2, February 2007 (with Jay Soloway).

"So You Think You Know Privacy? Let's Talk . . ." Spot Delivery, Vol. 9, Issue 4, October 2006.

"Proposed 'Red Flag' Guidelines Tricky for Dealers," Spot Delivery, Vol. 9, Issue 2, August 2006.

"'Rulebook' on Advertising is Result of Deceptive Advertising Practices," Dealer Marketing Magazine, August 2006.

"Formulating a Policy on 'Doc Prep Fees' and Why You Need One," Spot Delivery, Vol. 8, Issue 3, September 2005.

"Negative Equity - A Positive Problem?" Spot Delivery, Vol. 8, Issue 1, July 2005 (with Thomas B. Hudson).

 
 
 
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