Vaishali Rao

Hinshaw & Culbertson LLP

$ $$$

North Franklin Street 151
Chicago 60606 IL US

Vaishali S. Rao focuses her practice in two primary areas: first, defending companies in regulatory investigations and litigations brought by governmental bodies; second, compliance counseling related to statutes intended to protect consumers.

She has advised a range of financial institutions—small and large banks, online lenders, and fintech businesses—on these issues and also maintains strong relationships with Illinois banking regulators.

Regulatory Investigations & Litigation Defense. Vaishali defends companies facing inquiries, requests for information, subpoenas, civil investigative demands, supervisory examinations, or lawsuits brought by government entities like state or municipal regulators, state attorneys general, the Federal Trade Commission (FTC), and the Consumer Financial Protection Bureau (CFPB).

Vaishali has extensive knowledge and experience resolving complex unfair and deceptive trade practice cases either through litigation or negotiated settlements. She is also skilled in the drafting and implementation of agreements or court orders requiring substantial business reform.

Vaishali helps companies identify and manage risk by counseling them through issues intersecting with consumer protection. Those topics include: Fair Credit Reporting Act (FCRA), Truth in Lending Act (TILA), Telephone Consumer Protection Act (TCPA), state telemarketing laws, federal and state privacy requirements—including Illinois’ Biometric Information Privacy Act (BIPA)—data breach management, student loan licensing, and other state law requirements. As a complement to risk management, Vaishali drafts opinion letters, and seeks formal or informal interpretative opinions from government agencies.

Prior to joining Hinshaw, Vaishali devoted her practice to public service in the Consumer Fraud Bureau of the Office of the Illinois Attorney General. During her tenure, she frequently led multistate investigations and litigation related to advertising, marketing, promotion on diverse topics such as:

  • Higher education financing (enforcement, education, and policy)
  • Financial crisis cases into mortgage origination, fair lending, servicing, and securitization (including contributing to negotiations in the National Foreclosure Settlement and leading multi-district litigation against the credit rating agencies)
  • Small dollar, unsecured loan products
  • Debt collection and settlement
  • Pharmaceutical and health care products, drugs and medical devices.

As Assistant Counsel in the Illinois House of Representatives, Vaishali assisted in the impeachment trial of former Illinois Governor, Rod R. Blagojevich. She also managed and analyzed legal issues for members of the House of Representatives, including assisting them with presentation and defense of bills on the House floor and in Committee.

Vaishali has served a series of clerkships in both the public and private sectors in Chicago and New York, and was a chancery judicial extern to The Honorable Jesse G. Reyes, Circuit Court of Cook County (now an Appellate Judge, First District, 5th Division.)

Education :

  • J.D., The John Marshall Law School, 2008
  • B.S., magna cum laude, Business Administration, University of Pittsburgh, 2005
  • B.A., magna cum laude, Communications, University of Pittsburgh, 2005

Admissions : Illinois, U.S. Bankruptcy Court for the Northern District of Illinois


Rate : $$$$

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North Franklin Street 151
Chicago 60606 IL US
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Lina Stillman

Broadway 42
New York 10006 NY US