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The American Legal and Financial Network (ALFN) released “The Annual List” of young professionals and executives as a way to celebrate the industry’s future. Just over a year out of law school, Lindsey Purdy, LW’13, made the list. Award winners in 2014 “hailed from all areas of the mortgage servicing industry, from practicing attorneys to entrepreneurs and individuals in marketing, operations, compliance and business development,” according to a release by the association.
“In such a short time, she’s jumped at the multiple opportunities, volunteering her time to work with industry leaders on complex, high level issues. In early 2014, she was one of three drafters working on the ALFN’s official comments to the Consumer Financial Protection Bureau’s (CFPB) Advanced Notice of Proposed Rule-making for the debt collection industry,” says AFLN. “She later tackled the CFPB and the Fair Debt Collection Practices Act by co-authoring a cover story for a leading trade publication. With a check list like that, it’s easy to see that Lindsey Purdy approaches her career and the industry at a singular pace: full steam ahead.”
According to Lindsey, it was the practical experience she received from Drake that best prepared her for her career and this award.
“It’s not everyday as a law student that you have a state supreme court justice teaching civil procedure and opening class going through one of his own cases,” says Lindsey. “Drake gave me a unique experience by providing professors and adjuncts who have actually practiced law and are experts in their field.”
She also gives credit to Professor Peter Yu and the opportunity she had to be his research assistant during law school. Yu is the Kern Family Chair in Intellectual Property Law and director of Intellectual Property Law Center at Drake. It is that training and experience that Lindsey credits her ability to do what she does now, and specifically how she was able to tackle the work she did helping to draft ALFN’s official comments to the CFPB’s Advanced Notice of Proposed Rule-making.
“I wouldn’t have been able to do that level of research without the knowledge I gained from three years of working with Prof. Yu,” says Lindsey.
In addition to helping draft the comments, Lindsey co-authored an article on the topic titled, “Who is a Debt Collector?” and presented to Mortgage Servicers at the ALFN teach event in Dallas on the Consumer Financial Protection Bureau and Anticipated Changes to Proposed Regulation F in November of 2014.
Lindsey works for the Default Services Division of Klatt, Augustine, Sayer, Treinen & Rastede, P.C., headquartered in Waterloo, Iowa, which provides clients unique and specialized services in fourteen different states in the areas of mortgage-servicing, creditors’ rights, and civil litigation. What is particularly unique to this firm’s area of practice, and for Lindsey, is the variety of state and federal issues which interplay in every case.
What an outstanding start for a young professional – and a testament to what Drake Law offers students: practical experiences that allow graduates to have real practice before they ever step foot in their first place of employment. Congratulations to Lindsey on this well-deserved honor.