Portland, ME 04101
Rick is a partner Emeritus in the firm's Portland, Maine office. In his forty-year legal career, Rick represented depository institutions and non-depository lenders and service providers involved in the design, marketing, origination, servicing and collection of consumer financial products and services. Rick's focus included student lending, auto finance, small dollar products, electronic payment systems and Internet delivery. Rick's government experience supports his continued assistance to clients affected by CFPB's small dollar rulemaking.
From 2011-2013, Rick served as an Assistant Director at the CFPB, leading the Installment and Liquidity Lending Group in the Research, Markets and Rulemaking Division of the Bureau. Rick's responsibilities included advising all divisions of the Bureau with respect to market information and policy issues in the installment and specialty lending areas, including vehicle finance, student lending and payday lending.
Prior to joining the Bureau, Rick practiced law for 31 years, principally involved in consumer financial services law and retail financial services regulation. His practice included all aspects of state and federal regulation of retail financial products origination and marketing, e-payments, regulation of financial service entities, and lending, deposit, and insurance transactions. Rick was the leader of the Banking and Financial Services Group at Pierce Atwood LLP in Boston and Portland.
Rick also served as an adjunct member of the faculty of the Morin Center for Banking Law at Boston University School of Law from 2005 to 2011 and as Law Clerk to The Honorable Frank M. Coffin, then Chief Judge of the U.S. Court of Appeals to the First Circuit.
Rick has been a frequent speaker on consumer financial services topics, and was featured most recently at annual national meetings of the American Financial Services Association, the Community Financial Services Association, the Consumer Bankers Association, the National Auto Finance Association, the National Association of Buy-Here Pay-Here Dealers, the Student Loan Servicers Alliance, the National Council of Higher Education Resources, the American Bar Association and the annual meeting of the Finance Authority of Maine.
Rick received his law degree, summa cum laude, from Cornell Law School and his Bachelor's degree, magna cum laude, from Dartmouth College.
Past Vice Chair, Consumer Financial Services Committee of the Business Law Section, American Bar Association, 2008-2011
Past Chair, Consumer Financial Services Committee of the Business Law Section, Subcommittee on Internet Delivery/Electronic Banking, American Bar Association, 2003-2006
Past Chair, Consumer and Financial Institutions Law Section, Maine State Bar Association, 1982-1986 and 1998-1999
Past Regent, American College of Consumer Financial Services Lawyers
- "A Working Summary of the Consumer Financial Services Act," Consumer Finance Law Quarterly, Winter 2011
- "Mortgage Lending Developments: A New Federal Regulator and Mortgage Reform under Dodd-Frank Act," The Business Lawyer, Vol. 66, No. 2, 2011
- "Current Developments in Payment Systems, Deposit Accounts, and Electronic Delivery of Financial Services," The Business Lawyer, Vol. 62, No. 2, 2007
- "Foreign Corporations," Published as Chapter 12 in Maine Corporation Law and Practice, Prentiss Hall, 1990
- "Note: Punitive Damages in Arbitration, The Search for a Workable Rule," 63 Cornell L. Rev. 272, 1978
Cornell Law School, J.D., summa cum laude, 1978
Dartmouth College, B.A., magna cum laude, 1972