Kavita Goswamy Shelat assists financial services providers with a variety of legal and regulatory issues, including front-end compliance audits, after-the-fact remediation and litigation related to federal consumer protection statutes such as ECOA, FCRA, RESPA, TILA, FDCPA, and TCPA.
Kavita Shelat comes from a family of bankers and began her career as a consumer banker. In addition to compliance, Ms. Shelat regularly assists clients with residential mortgage litigation, commercial loan litigation, and general litigation. She also advises banks and investment advisors interested in providing services to marijuana-related businesses.
Ms. Shelat has first chair trial experience representing bank clients and has obtained full defense verdicts in several matters. She helped to create important case law in the Sixth Circuit on the scope of consumer rights under the federal HAMP loan modification program and the scope of consumer protection statutes like TILA. She also helped to create important case law in Tennessee and Arkansas related to the preclusive effect of bankruptcy actions.
In addition to representing financial services companies, Ms. Shelat has represented a major insurance company with bad faith claims, a biopharmaceutical company in complex contract litigation, broker-dealers in FINRA arbitrations, and is currently defending a class action lawsuit against funeral home directors in Tennessee state court. She has obtained favorable verdicts at trial as well as favorably settled suits prior to trial.
Prior to becoming a lawyer, Ms. Shelat completed Bank of America’s Management Development Program and worked in customer-facing departments like credit, collections, customer service, and telesales before specializing in direct mail marketing. Later she worked as a banker for Wells Fargo and managed Spanish speaking small business and personal banking customers. As an attorney, Ms. Shelat leverages this experience to help solve her clients’ issues.
In 2012, Ms. Shelat received the Firm’s Pro Bono Attorney of the Year award for the Memphis office for her successful representation of a young woman seeking asylum in the United States on the basis of religious persecution by violent gang members in El Salvador. In 2016, she successfully obtained asylum for a woman and her minor son escaping Honduras after decades of domestic abuse. Also in 2016, she obtained withholding of removal for a woman escaping Guatemala for the same reason.
- University of Texas School of Law, J.D., 2010
- University of California at Berkeley, B.A., 2004, with High Honors
- Tennessee, 2010
- Western District of Tennessee, 2011
- Eastern District of Arkansas, 2012
- Sixth Circuit Court of Appeals, 2014
Representative Matters :
- Currently defending a funeral home in a class action lawsuit in Tennessee state court.
- Currently representing a broker-dealer in two FINRA arbitration disputes.
- Represented an indirect auto lender prior to an FDIC examination into compliance with lender placed insurance.
- Advised broker-dealer on federal and state issues related to investments in marijuana industry.
- Advised a bank on federal and state issues related to banking services for marijuana businesses.
- Advised a private investor on operating a marijuana business in Nevada.
- Handled three successful immigration asylum hearings.
- Obtained numerous successful summary judgments in residential mortgage cases in Tennessee and Arkansas federal and state courts.
Professional Honors & Activities:
- Editorial Board Member − Tennessee Bar Journal (2012 to present)
- Leadership Council on Legal Diversity − 2018 Fellows Program participant
- Named a Tennessee Supreme Court Attorney for Justice (2017)
- Leadership Council on Legal Diversity − 2017 Pathfinder Program participant
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