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Bradley Arant Boult Cummings LLP

James W. Wright

Partner

Expertise

Banking and Financial Services
Approval, Compliance and Enforcement Support for HUD, FHA and GNMA Matters
Anti-Money Laundering

WSG Practice Industries

Activity

Bradley Arant Boult Cummings LLP
Alabama, U.S.A.

Local Time: Tue. 15:05

205.521.8924

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Profile

Jay Wright is a partner in the firm’s Banking and Financial Services and Litigation practice groups. Jay has earned his Accredited Mortgage Professional (AMP) designation through the Mortgage Bankers Association (MBA), and is one of a small number of lawyers who have achieved this status.

Jay’s practice focuses on financial services litigation and regulation, and he is actively involved in lawsuits and disputes across the country representing companies involved in a wide array of state and federal law claims. His representation includes general defense of various claims against financial institutions, mortgage companies, and other commercial entities. Many of these claims involve allegations of wrongful foreclosure proceedings or violations of the Truth in Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA), and Federal Housing Administration (FHA) regulations, as well as various deceptive trade practices claims under state law.

Jay advises some of the nation’s largest financial institutions and mortgage companies as they adapt to changes in the regulatory and judicial environments in which they operate. His regulatory practice involves helping clients in the financial services and mortgage industries comply with obligations imposed on them by the Department of Housing and Urban Development (HUD), the Department of Justice (DOJ), the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve (FRB), the Consumer Financial Protection Bureau (CFPB), and a host of state banking regulators and court systems. A significant portion of Jay’s practice is devoted to helping lenders and servicers of Home Equity Conversion Mortgages (HECMs or “reverse mortgages”) implement regulatory changes mandated by HUD, as well as interfacing directly with HUD to seek clarification about or revisions to proposed regulatory changes. As part of his general regulatory practice, Jay develops and regularly updates standardized judicial and non-judicial foreclosure documents for mortgage companies, conducts third-party vendor management legal compliance interviews, and provides due diligence of internal procedures and files being service-transferred between financial institutions and mortgage companies.

Jay also advises financial institutions on how to effectively and efficiently comply with the various Anti-Money Laundering (AML) statutes and regulations, including the Bank Secrecy Act (BSA) and Money Laundering Control Act (MLCA).

Bar Admissions

Alabama, 2010

Court Admissions

United States Court of Appeals, 11th Circuit
United States District Court, Middle District of Alabama
United States District Court, Northern District of Alabama
United States District Court, Southern District of Alabama

Education

University of Alabama School of Law, J.D., 2010, magna cum laude; Hugo Black Scholar; Articles Editor, Alabama Law Review; Member, Moot Court Board; Member, Order of the Coif
University of North Carolina at Chapel Hill, A.B., 2006

Areas of Practice

Professional Career

Significant Accomplishments

Jay’s practice focuses on financial services litigation and regulation and asbestos litigation. Jay is actively involved in lawsuits and disputes across the country in which he represents companies involved in a wide array of state and federal law claims. His representation includes general defense of various claims against financial institutions, mortgage companies, and other commercial entities. Many of these claims involve allegations of wrongful foreclosure proceedings or violations of the Truth in Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA), Federal Housing Administration (FHA) regulations, as well as various deceptive trade practices claims under state law.

Jay also advises some of the nation’s largest financial institutions and mortgage companies as they adapt to changes in the regulatory and judicial environments in which they operate. Jay’s regulatory practice involves assisting clients in the financial services and mortgage industries comply with obligations imposed on them by the Department of Housing and Urban Development (HUD), the Department of Justice (DOJ), the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve (FRB), the Consumer Financial Protection Bureau (CFPB), and a host of state banking regulators and court systems. A significant portion of Jay’s practice is devoted to helping lenders and servicers of Home Equity Conversion Mortgages (HECMs or “reverse mortgages”) implement regulatory changes mandated by HUD, as well as interfacing directly with HUD to seek clarification about or revision to proposed regulatory changes. As part of his general regulatory practice, Jay has developed and regularly updates standardized judicial and non-judicial foreclosure documents for mortgage companies, conducts third party vendor management legal compliance interviews, and provides due diligence of internal procedures and files being service-transferred between financial institutions and mortgage companies.

Articles

Cannabis and the Candidates: Joe Biden Cannabis and the Candidates: Joe Biden
Bradley Arant Boult Cummings LLP, October 2020

This is the first article in a three-part series focused on the intersection of the 2020 presidential election and cannabis policy in the United States. Each article will focus on the specific presidential candidates of the two major parties and the eventual winner. Check back in two weeks for the next entry in this series. The 2020 U.S. presidential election is underway, with many voters already casting their ballots under unprecedented circumstances...

Blogs

Declassified
Bradley Arant Boult Cummings LLP

The Declassified blog offers commentary and insights on the latest class action suits, significant class action opinions, relevant changes to laws and rules, and important class action trends. Declassified covers topics ranging from significant Supreme Court and appellate court decisions regarding...

It Pays to Be Covered
Bradley Arant Boult Cummings LLP

Bradley's It Pays to Be Covered Blog discusses insurance law developments and industry trends in property and casualty insurance, including the growing cyber insurance market, coverage for drones, and blockchain exposures. We also address practical risk management strategies of interest to risk...

Patent 213
Bradley Arant Boult Cummings LLP

Patent law, like most things in life, is subject to change. Changes to patent laws not only impact investment in your existing IP, but directly shape strategies to protect your freedom to operate. The Patent 213 blog provides up-to-date, insightful analysis of the evolution in the written...

The Law of Order
Bradley Arant Boult Cummings LLP

Bradley’s The Law of Order blog serves as a general parliamentary procedure resource, providing information about creation and revision of governing documents (constitutions, bylaws, or rules), application of Robert’s Rules of Order and other procedural authorities in a variety of contexts (such as...

Underwritten
Bradley Arant Boult Cummings LLP

Underwritten covers topics related to life, health, disability and long-term care insurance. Our team of experienced attorneys and authors offers insight on the issues insurers face as they seek to serve their policyholders and to mitigate risk. The blog covers significant court decisions,...