Bowen "Bo" Ranney is an associate in the Consumer Financial Services and Mortgage Banking Groups. Mr. Ranney helps clients implement compliance systems, and prepare for Consumer Financial Protection Bureau (CFPB) exams. He has represented clients in examinations and investigations with the CFPB, Federal Deposit Insurance Corporation (FDIC), U.S. Department of Justice (DOJ), and various state and local agencies. He advises clients on compliance with the full range of federal and state consumer financial services laws, including the various laws enumerated by the Dodd-Frank Act; prohibitions against unfair, deceptive, and abusive acts and practices; and usury, licensing, and privacy laws.
Before joining Ballard Spahr, Mr. Ranney was a Presidential Management Fellow and later an Examiner with the CFPB, working in both supervision and enforcement. He played a key role on the team that filed the CFPB’s first application for a temporary restraining order. In that matter, he investigated and documented activities violating federal consumer financial protection laws and developed the case to support the CFPB’s lawsuit. He has been involved in cases alleging violations of the Consumer Financial Protection Act (Title X of the Dodd-Frank Act), Fair Debt Collection Practices Act, Mortgage Assistance Relief Services Rule, Telemarketing Sales Rule, and other federal consumer financial services laws.
Mr. Ranney also has experience reviewing bank and nonbank institutions’ consumer files and internal documents to ensure compliance with federal consumer financial protection laws, including the Credit CARD Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, Home Mortgage Disclosure Act, Truth in Lending Act, Truth in Savings Act, and related regulations. He led compliance examinations of bank and nonbank institutions as the examiner-in-charge and as the team lead, and his responsibilities included meeting with senior management at financial institutions to discuss and address alleged violations.
While in law school, Mr. Ranney served legal internships at the:
- Capital Defender and Federal Habeas Clinic, BLS Legal Services Corp.
- New York State Attorney General’s Office, Civil Rights Bureau
- Kings County District Attorney’s Office, Grey Trial Zone
- South Brooklyn Legal Services, Housing Law Unit
Mr. Ranney served in the U.S. Navy as a Surface Warfare Officer for four years, with two deployments to the Mediterranean and Arabian Seas, and was a professional musical theater actor for eight years.
Pro Bono Experience
Mr. Ranney assists prisoner applicants seeking commutations of lengthy sentences as part of the Clemency Project, an initiative per Department of Justice criteria to assist federal prisoners who would likely have received a shorter sentence if they had been sentenced today.