Elena Lovoy

CDC Companies Inc.

Elena is Of Counsel in McGlinchey Stafford’s Birmingham office. Elena focuses her practice on data privacy and cybersecurity matters and on banking, mortgage lending and servicing and other consumer finance regulatory compliance issues. She frequently advises companies on data privacy issues. Her primary areas of concentration include cybersecurity and data risk management and governance, breach preparedness and response, crisis management, and first and third party data privacy compliance obligations. She has served as a “breach coach” for several financial services companies, retailers, health care providers, and others and managed and responded to internal and external data breach incidents, including ransomware attacks, impacting customers nationwide. She counsels companies through all stages of a data breach incident, including incident analysis and investigation, breach containment, notification in compliance with all regulatory requirements, remediation, and post-breach regulatory inquiries and litigation. She holds the CIPP/US, CIPP/E, CIPP/C, and CIPM certifications from the International Association of Privacy Professionals (IAPP).. She also assists local and national banks, residential mortgage lenders and servicers, and other consumer finance companies with the licensing, regulatory, and legal issues involved in multistate product launches and in maintaining multistate lending and servicing platforms, including the creation and maintenance of policies and procedures, compliance manuals, operational guidelines, forms, and training programs. She assists companies in demonstrating their compliance to state and federal regulators, including the BCFP, by reviewing risk assessments, conducting mock examinations, coordinating the implementation of preventive measures, and responding to examination findings. She has assisted several large residential mortgage loan servicers in implementing best practices in response to enforcement actions and settlement agreements. She routinely advises companies on compliance issues concerning TILA, RESPA, ECOA, FCRA, FDCPA, HMDA, BSA, OFAC, and other federal laws and regulations. Elena received her B.S. in Corporate Finance and Investment Management, J.D. and M.B.A. from the University of Alabama and is admitted to practice law in Alabama, Illinois, and Louisiana. She also holds the CCEP certification from the Society of Corporate Compliance and Ethics.