With a unique blend of experience in consumer finance, as well as corporate bankruptcy and litigation, Bonnie offers a variety of strategic advice to McGlinchey Stafford’s financial industry clients.
Bonnie works closely with consumer lending companies in order to comply with the current regulatory licensing demands imposed on national mortgage and consumer lenders, sales finance companies, brokers, and collection agencies. Her knowledge of state licensure requirements equips her to guide clients through the various steps needed to obtain and maintain compliant licensure. Bonnie also works to provide notifications and/or filings required by state regulatory agencies when clients undergo organizational changes – such as a change of control, change of officers and managers, address change, and name change – as well as administrative actions or sanctions. Bonnie also oversees license renewals to alleviate the in-house burden of monitoring and filing timely renewals and annual reports.
Bonnie counsels clients on the complex Nationwide Multistate Licensing System and Registry (NMLS), the system of record for non-depository, financial services licensing in participating state agencies. In these jurisdictions, NMLS is the official system for companies and individuals seeking to apply for, amend, renew, and surrender licenses. Her experience with the NMLS alleviates client challenges throughout the licensing process.
Bankruptcy and Commercial Litigation
Bonnie began her career as an associate in the bankruptcy, financial restructuring and insolvency practice group of an AmLaw 100 firm in its New York City office. There, she gained extensive experience handling bankruptcy and restructuring matters for secured and unsecured lenders, creditors, and creditors’ committees in Chapter 11 insolvencies. She has represented a broad base of financial institutions and other parties in interest in complex and high-profile bankruptcy cases. Missing family and ample living space, Bonnie returned home to Louisiana and joined McGlinchey Stafford’s Commercial Litigation group, where she engaged in a broad-based commercial litigation practice both in state court and federal court, with a focus on defending clients in consumer finance matters, government contract disputes, and adverse proceedings in bankruptcy.