Shelby D. Lomax

Shelby D. Lomax

Associate

Profile

Shelby Lomax is an associate in Bradley’s Banking and Financial Services Practice Group, focusing on litigation and regulatory compliance issues. She has experience advising clients on regulatory risks relating to small business lending, alternative finance, and merchant cash advance transactions.

When assisting clients involved in regulatory and compliance matters, Shelby draws on her extensive experience as a banker. Prior to becoming an attorney, Shelby had a successful career as a banker, working both with consumer and commercial clients. She managed several branches in Nashville, learning extensively how regulatory and compliance issues affect all levels of a financial institution. Later, Shelby served as a commercial relationship manager, where she learned the unique requirements that financial institutions deal with when they serve small and mid-size businesses. Her unique experience helps her advise clients navigating legal regulatory compliance issues, while understanding the practical implications that regulatory and compliance issues have on the operations of financial institutions.

Shelby received her J.D. from Belmont University College of Law, where she served as associate editor for the Belmont Law Review, treasurer of the Student Bar Association, and president of the Women’s Law Organization. Her undergraduate degree is in Sport Management from Florida State University.

Bar Admissions

  • Tennessee, 2021

Education

  • Belmont University College of Law, J.D., 2020, magna cum laude; Associate Editor, Belmont Law Review; Treasurer, SBA; President, Women’s Law Organization
  • Florida State University, B.S. Sports Management, 2010
Articles

Cannabis Banking: An Update on the SAFE Banking Act
Bradley Arant Boult Cummings LLP, August 2021

Despite the cannabis industry’s explosive growth, many financial institutions have been hesitant to transact with cannabis-related businesses given the ambiguity created by divergent state and federal cannabis laws. The SAFE Banking Act seeks to remove these ambiguities at the federal level and pave the way for more financial institutions to serve the cannabis industry...