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American Financial Services Association

Patty Covington

Patty Covington

PeopleWomen's Leadership Council

Patty Covington

Partner
Hudson Cook

Patricia “Patty” Covington
Partner
Hudson Cook, LLP
Richmond, VA
Direct: (804) 212-1201
Mobile: (410) 980-5038
pcovington@hudco.com
www.hudsoncook.com

Patty Covington is a partner with Hudson Cook’s Richmond, Virginia office. Her practice focuses on auto finance, personal property lending, installment lending, fintech, dealer law, creditor-based collection practices, ancillary products law, federal and state regulatory compliance, CFPB-readiness, UDAAP, UDAP, privacy, data security and information management, electronic commerce, and marketing. Before joining the firm, she worked in-house with CarMax for over 8 years, where she provided advice to the company’s vehicle dealer and financing operations.

Patty is a Fellow of the American College of Consumer Financial Services Lawyers. She co-created the National Automotive Finance Association’s Consumer Credit Compliance Certification Program, and is a co-instructor of the Program. She is a Founding Board Member and Past-President of the National Association of Dealer Counsel. Patty is a frequent speaker on matters related to the CFPB, regulatory compliance and consumer finance.

Areas of Expertise
Legal, Compliance, Regulatory Matters, Executive Training

Areas of expertise upon which I would like to continue learning.
The business factors that drive the development of credit programs (beyond, making a profit).

What three keywords best describe you?
Strong/Determined, Meticulous, Kind/Generous (I cheated a bit—forgive me.)

Personal Motto
Nothing is impossible.

What are you passionate about?
God, my family, my work and helping people.

What is something interesting about you that members might not know?
At one time, I wanted to be a Formula One race car driver.

Who has been a role model for you?
My mom, Tom Hudson and Rick Fisher. Tom is the "Hudson" of Hudson Cook. Rick Fisher, an attorney who works for another firm, whom I respect and admire.

What are you most proud of?
That I treat all people well. I believe every person has value and try to treat every person with dignity and respect.

MENTORING
What would you say are the key success factors for a mentoring relationship?
Commitment to the mentor relationship, an appreciation for personal growth, a good match in interests—this does not mean identical or even similar interests, but that the interests are compatible.

What advice would you give yourself as a young executive?
Stop every once in a while, look around and smell the flowers—especially when traveling on business.

What do you know now that you wish you knew when you started your career?
That networking matters, and that it is important to stay in touch with folks.