Lillian Macartney

Lillian Macartney

Lillian Macartney



1300 19th Street NW, 5th Floor
Washington, DC 20036-1609

Lillian (Lily) focuses her practice on state and federal compliance matters related to the financial services industry, particularly for consumer-facing products. She helps clients navigate the complex overlapping state and federal regulatory obligations they face and find workable solutions. Lily has experience advising clients on compliance obligations under the financial consumer protection laws including FCRA, TILA, GLBA, UDAP/UDAAP, ECOA, SCRA and their state equivalents. She has experience preparing multi-state legal surveys of various requirements related to licensing, disclosures, advertising, and reporting, and developing tailored compliance strategies with companies, including for retail installment sales contracts, small business lending, and loss mitigation. She has assisted national banks in conceptualizing and creating state law compliance tracking systems, including navigating preemption questions. In addition, she analyzes matters pertaining to residential, business purpose, and commercial mortgage lending, brokering, and servicing.

Prior to joining the firm Lily was an associate in the Richmond office of a large national law firm advising companies on regulatory matters related to consumer protection, credit reporting, motor vehicle and retail installment sales contracts. Lily also previously served as an Attorney-Advisor for the National Endowment for the Humanities, advising staff on ethics restrictions, FOIA, appropriations laws and the Federal Advisory Committee Act.

Practice Areas


  • William & Mary School of Law, J.D., 2012
  • Dartmouth College, A.B., 2008


  • District of Columbia
  • Virginia
  • Massachusetts (inactive)

Representative Matters

  • Advise mortgage lenders on adverse action notice obligations under ECOA and FCRA
  • Review advertisements and advise lenders on rate and term disclosures under TILA and Regulation Z, the MAPS Rule, and UDAP/UDAAP provisions
  • Draft FCRA policy for multifamily unit landlord regarding use of consumer reports and background checks
  • Assist clients with affiliated business arrangement disclosure requirements under RESPA/Regulation X
  • Review and revise lender privacy notices for compliance under GLBA/Regulation P
  • Advise client on use of national do not call registry and TCPA requirements related to phone advertising campaign
  • Review and advise mortgage lender on obligations under ECOA, HMDA, and TRID with respect to changes during the loan process
  • Advise client on GSE guidance and restrictions related to owner occupancy rates, investor owner ratios and rental restrictions in single-family condo projects


  • Mortgage Bankers Association
  • Virginia Bar Association
  • Dartmouth College Alumni Association