Bowen "Bo" Ranney

Tel 202.661.2234
Fax 202.661.2299
Washington, DC

Bowen Ranney counsels bank and nonbank providers of consumer financial services on regulatory compliance matters and has successfully represented such providers in government supervisory and enforcement matters. He helps clients prepare for and navigate examinations and investigations with the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), and various state and local agencies. He advises banks, nonbanks, and investors regarding federal and state consumer financial laws and regulations, including the Equal Credit Opportunity Act (ECOA), Electronic Funds Transfer Act (EFTA), Fair Credit Reporting Act (FCRA), Military Lending Act (MLA), Truth in Lending Act (TILA), federal and state privacy laws, and statutes prohibiting unfair, deceptive, and abusive acts and practices (UDAAPs).

Before joining Ballard Spahr, Bo was a Presidential Management Fellow at the CFPB where he worked in the Offices of Supervision and Enforcement and the Division of Research, Markets & Regulations. While serving in 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 was 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 laws.

In Supervision Bo 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. Bo led and trained CFPB examination teams reviewing consumer financial services such as credit reporting, mortgage originations, mortgage servicing, credit cards and payment products, and deposit accounts, at large bank and nonbank financial institutions for compliance with federal consumer financial laws. He reviewed bank and nonbank institutions’ consumer files and internal documents to ensure compliance with federal consumer financial protection laws, including the ECOA, FCRA, Gramm-Leach-Bliley Act (GLBA), Home Mortgage Disclosure Act (HMDA), TILA, Truth in Savings Act (TISA), and related regulations.

Prior to law school Bo served in the U.S. Navy as a Surface Warfare Officer for four years, with two deployments to the Mediterranean Sea and Persian Gulf, and was a professional musical theater actor for eight years.

Representative Matters

  • Represented multiple financial services companies in responding to civil investigative demands issued by the CFPB in areas including auto finance, short-term lending, student loan servicing, mortgages, credit cards, credit card add-on products, international remittance transfers, HMDA, MLA, and debt collection
  • Assisted bank and nonbank institutions with preparations for and management of supervisory examinations conducted by the CFPB, FDIC, and state regulators
  • Assisted bank and nonbank institutions responding to CFPB notices of Potential Action and Request for Response ("PARR" letters)
  • Counseled multiple financial services companies regarding credit reporting pitfalls and best practices
  • Counseled credit card issuer on UDAAP risks associated with marketing initiatives

Pro Bono Experience

Bo maintains an active pro bono practice. His contributions include participating in the Wills for Heroes and Homeless Persons Representation projects, helping research and draft resources for a homelessness and poverty advocacy non-profit, and providing voting rights research for the Lawyers' Committee for Civil Rights Under Law. He previously provided representation for federal inmates in petitions for commutation as part of the Department of Justice's Clemency Initiative.

Professional Activities

American Bar Association

Recognition & Accomplishments

Ballard Spahr's 2016 Pro Bono Award for work on the Clemency Project

Speaking Engagements

"A Look at the FDIC’s First Consumer Compliance Supervisory Highlights," Ballard Spahr podcast, August 29, 2019

"How to Navigate Bank Examinations and Appeal Supervisory Findings," Ballard Spahr webinar, January 8, 2019 

"The CFPB Under Mulvaney: What Has Really Changed?" Ballard Spahr webinar, September 11, 2018

"Cordray Resigns: What’s Next for the Bureau?" Ballard Spahr webinar, December 5, 2017

"Risk Management of Third Party/Service Provider Relationships," Ballard Spahr webinar, July 25, 2017

"The CFPB's Expansion of its Supervisory Program to Service Providers – What You Need to Know," Ballard Spahr webinar, June 13, 2017

"How to Ace Your CFPB Exam," Real Estate Services Providers Council 2016 Fall Seminar, September 22, 2016

"Do's and Don'ts When Dealing with the CFPB’s Enforcement and Supervision Areas: Insights from Three Former CFPB Lawyers," Ballard Spahr webinar, February 9, 2016

"Coping with Consumer Complaints and CFPB Expectations," Ballard Spahr webinar, November 17, 2015

"It's All Your Fault! Recent Developments with CFPB Examinations and Enforcement Actions," National Council of Higher Education Resources, November 5, 2015

"You Received a NORA Notice or PARR Letter from the CFPB–Now What?" Ballard Spahr webinar, September 29, 2015

"Through the Crystal Ball: Predicting Important CFPB Developments in 2015," Ballard Spahr webinar, April 2, 2015

"Everything You Want To Know About CFPB Enforcement but Have Been Afraid To Ask," Ballard Spahr webinar, March 19, 2015

"CFPB Examinations," American Bar Association Consumer Financial Services Committee webinar, March 11, 2015

"Everything You Want To Know about CFPB Exams but Have Been Afraid To Ask: An Insider's Perspective," Ballard Spahr webinar, December 9, 2014

"Auto Finance Compliance - Industry Roundtable," Auriemma Consulting Group, December 2014


Co-author, "Second Circuit Holds That TCPA Does Not Permit Unilateral Revocation of Consent Obtained Contractually," Ballard Spahr alert, June 28, 2017

Co-author, "Second Circuit Rejects Constitutional Challenge to New York 'No Credit Card Surcharge' Law," Ballard Spahr alert, October 15, 2015

Brooklyn Law School (J.D., cum laude, 2011)
Member, Moot Court Honor Society, Trial Advocacy and Appellate Divisions; Recipient, Order of Barristers; Semi-Finalist, 2010 National Criminal Procedure Navy JAG Appellate Moot Court Competition; Presidential Management Fellow Class of 2011; Recipient, Judge Doris A. Thompson and Judge Edward Thompson Award for Excellence in Professional Skills

Surface Warfare Officer School (U.S. Navy) (1997, with distinction)

Vanderbilt University (B.S. 1996)
National Merit Scholar; College Scholar

District of Columbia

New York

U.S. District Court for the Eastern District of New York