Douglas A. Vonderhaar

Associate

Columbus
T +1 614.462.2634  |  F +1 614.462.2616

Doug Vonderhaar is a consumer financial services lawyer with a litigation and regulatory practice. He assists compliance managers in the identification of regulatory and compliance issues relating to Consumer Financial Protection Bureau readiness for banks, lenders and specialty financers. As part of the Financial Services Industry team, Doug routinely counsels clients regarding TILA, RESPA and other federal consumer statutes and regulations. He has also prepared compliance policies and guidelines for banks and nonbank lenders. Additionally, he is a member of the BakerHostetler team serving as court-appointed counsel to the Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS), an unprecedented recovery effort involving hundreds of actions. In this role, he assists with investigating and litigating against hedge funds, investment banks and other financial institutions. 

During law school, Doug was a member of the University of Cincinnati Law Review and president of the Environmental Law Society.

Select Experience

  • In the BLMIS liquidation, currently assisting with avoidance actions against financial institutions that invested in underlying BLMIS feeder funds, identifying evidence, drafting complaints and briefs, and conducting necessary legal research.
  • Experience with various e-discovery issues, including creating discovery protocol, conducting document review, and assisting teams in preparing for hearings and arbitrations on document confidentiality.
Financial Services
  • Counsels financial services companies, including mortgage lenders, banks, credit unions and loan servicers, concerning federal and state regulatory and compliance matters.
  • Assists mortgage industry members and timeshare lenders in complying with TILA-RESPA Integrated Disclosure (TRID) requirements.
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Experience

  • In the BLMIS liquidation, currently assisting with avoidance actions against financial institutions that invested in underlying BLMIS feeder funds, identifying evidence, drafting complaints and briefs, and conducting necessary legal research.
  • Experience with various e-discovery issues, including creating discovery protocol, conducting document review, and assisting teams in preparing for hearings and arbitrations on document confidentiality.
Financial Services
  • Counsels financial services companies, including mortgage lenders, banks, credit unions and loan servicers, concerning federal and state regulatory and compliance matters.
  • Assists mortgage industry members and timeshare lenders in complying with TILA-RESPA Integrated Disclosure (TRID) requirements.
  • Advises banks and financial service companies on National Automated Clearing House Association (NACHA), electronic funds transfer and credit card processing issues.
  • Conducts training and compliance counseling, including preparation of policies and procedures, for financial services companies relating to state and federal lending laws.
  • Provides regulatory and compliance assistance to national rent-to-own companies.
  • Advises consumer loan brokers with state licensing issues across the country.
  • Assists compliance managers in the identification of compliance issues relating to Consumer Financial Protection Bureau readiness for lenders, banks and specialty financers.
  • Counsels mortgage companies and loan originators on lead generation, joint advertising and co-marketing agreement issues.
  • Prepared and filed a personal property foreclosure on behalf of a federal credit union.
  • Advised a federal credit union as to bylaw, annual meeting, liability, insurance and other National Credit Union Administration requirements.
  • Counseled a national bank on conflict of interest issues concerning fiduciary accounts under Office of the Comptroller of the Currency regulations and other federal laws.

Memberships

  • American Bar Association
    • Business Law Section
    • Consumer Financial Services Committee
  • Ohio State Bar Association
  • Columbus Bar Association
    • Barrister Leadership Program (2016)

News

Services

Industries

Prior Positions

  • The David J. Joseph Company: Corporate Counsel (2010 to 2012)
  • Ohio Attorney General's Office, Environmental Enforcement Section: Legal Intern (2010)
  • University of Cincinnati College of Law: Research Assistant (2009)

Admissions

  • U.S. District Court, Southern District of Ohio
  • Ohio

Education

  • J.D., University of Cincinnati College of Law, 2011, University of Cincinnati Law Review, Executive Board Member (Business Manager)
  • B.S., Biology, University of Dayton, 2008, magna cum laude

Blog

In The Blogs

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Financial Services Blog
Federal Appellate Court Deems CFPB ‘Unconstitutionally Structured’ and Overturns PHH Penalty
By Douglas A. Vonderhaar
October 12, 2016
On Oct. 11, the U.S. Court of Appeals for the D.C. Circuit deemed the Consumer Financial Protection Bureau (CFPB) “unconstitutionally structured” and overturned its enforcement action, including a $109 million penalty, against PHH Corp., a...
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Financial Services Blog
Florida to Streamline Testing Requirements for Mortgage Loan Originator Licensure
By Robert S. Niemi, Douglas A. Vonderhaar
August 22, 2016
On August 16, Florida announced via the National Mortgage Licensing System (NMLS) Resource Center that it was adopting the Uniform State Test (UST) for mortgage loan originators. With this announcement, the Florida Office of Financial...
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Financial Services Blog
CFPB Announces Dollar Threshold Adjustments to the Truth in Lending Act
By Lauren M. Hilsheimer, Douglas A. Vonderhaar
June 22, 2016
The Consumer Financial Protection Bureau (CFPB) recently released a final rule amending the dollar thresholds in Regulation Z, which implements the Truth in Lending Act (TILA). The CFPB’s final rule has two primary effects. First, the...
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Financial Services Blog
CFPB Cannot Force For-Profit College Group to Comply With Investigative Demand
By Douglas A. Vonderhaar
April 25, 2016
On April 21, the United States District Court for the District of Columbia ruled that due to a lack of authority under existing consumer protection laws, the Consumer Financial Protection Bureau (“CFPB”) cannot require a for-profit college...
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Financial Services Blog
CFPB Releases Guidance on Construction Loan Disclosures
By Douglas A. Vonderhaar
January 19, 2016
On January 12, the CFPB released a Construction Loans Fact Sheet reviewing the basics of construction loan disclosures under the TILA/RESPA Integrated Disclosure (“TRID”) Rule. This resource briefly summarizes the TRID requirements for...
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