Cornelius Hurley

Cornelius K. Hurley

Lecturer


BA, Holy Cross College
JD, Georgetown University
PMD, Harvard University


Biography

Cornelius Hurley has over 35 years of diversified legal, entrepreneurial, and academic experience in the financial sector. His teaching and research interests focus upon the interactions between finance and the real economy. He serves an independent director of Computershare Trust Company, N.A., an element of one of the global leaders in the transfer agent business, and of the Federal Home Loan Bank of Boston, one of the three so-called “GSEs.”

Hurley established the Boston office of The Secura Group, Washington, DC a national financial services consulting firm of which he was a partner. Formerly, he was general counsel of Shawmut Corporation, a regional bank holding company. As assistant general counsel of the Board of Governors of the Federal Reserve System, he was responsible for the Fed’s role in regulating international banking activities. Prof. Hurley also serves as reporter to the American Bar Association’s Task Force on Financial Markets Regulatory Reform.

Hurley was appointed by Boston University’s provost to serve as the first director of the University’s Center for Finance, Law & Policy. The Center is an interdisciplinary initiative drawing upon the deep and varied academic talent of the University to focus upon finance and financial policy issues. He was the director for the Morin Center for Banking and Financial Law and the Graduate Program in Banking and Financial Law from 2005 to 2011.

He is the author of numerous articles and commentaries that have appeared in The Wall Street Journal, The New York Times, Financial Times, American Banker, The Boston Globe and other publications. During the current economic crisis, he has provided ongoing analysis on national and local television and radio outlets.

Hurley teaches Lessons from the Financial Crisis.

Publications

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  • Cornelius K. Hurley, The New Financial Deal: Understanding the Dodd-Frank Act and Its (Unintended) Consequences 30 American Bankruptcy Institute Journal (2011) (book review)
    Scholarly Commons
  • Cornelius K. Hurley & Rebecca Hicks Gallup, The Federal Home Loan Bank System: A Vehicle for Job Creation and Job Retention 30 Review of Banking and Financial Law (2011)
    Scholarly Commons
  • Cornelius K. Hurley, Paying the Price for Too Big to Fail 4 Ohio State Entrepreneurial Business Law Journal (2010)
    Scholarly Commons
  • Cornelius K. Hurley, We Have Equity; Now Give Us Oversight American Banker (2008)
    Scholarly Commons
  • Cornelius K. Hurley & John A. Beccia, The Compliance Function in Diversified Financial Institutions: Harmonizing the Regulatory Environment for Financial Services Firms (2007)
    Scholarly Commons

In the Media

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  • The Banker April 3, 2025

    US Banks Face Potential Pressure to Serve Crypto Clients as Supervisors Drop Reputational Risk

    Cornelius Hurley is mentioned.
    read more

  • The Banker March 6, 2025

    Federal Home Loan Banks Urged to Refocus on Housing, Not Bank Liquidity

    Cornelius Hurley is quoted.
    read more

  • The Daily Free Press March 2, 2025

    BU aims to slow spending amid crackdown on federal funding, grant-funded research

    Cornelius Hurley is quoted.
    read more

  • National Mortgage News January 31, 2025

    FHLBank of San Francisco’s Alanna McCargo Stepping Down

    Cornelius Hurley's work is mentioned.
    read more

  • Bloomberg Law January 9, 2025

    Dismantling the FDIC Would Undermine a Fragile Banking System

    Cornelius Hurley co-authors an opinion.
    read more

  • American Banker November 21, 2024

    Elon, Are You Listening? Point Doge at the Home Loan Banks

    Cornelius Hurley pens an opinion.
    read more

  • Miami Herald November 2, 2024

    Are Some Bankers Betting on a Trump Victory?

    Cornelius Hurley pens an opinion.
    read more

  • Capital Account October 17, 2024

    Reassessing the Emergency Lending Role of Federal Home Loan Banks

    Cornelius Hurley is quoted.
    read more

  • American Banker August 23, 2024

    Harris Win Would Redirect the Home Loan Banks to Affordable Housing

    Cornelius Hurley pens an opinion.
    read more

  • CBS News March 27, 2024

    Silicon Valley Bank with Massachusetts Branches Seized by FDIC as Depositors Pull Cash

    Cornelius Hurley is quoted.
    read more

  • American Banker March 13, 2024

    CBO Report Pegs $6.9B Government Subsidy to Federal Home Loan Banks

    Cornelius Hurley is quoted.
    read more

  • The Hill February 1, 2024

    Kudos to Congress for Forcing Bankers’ Hands on Affordable Housing

    Cornelius Hurley pens an opinion.
    read more

  • Fintech Nexus December 14, 2023

    Cornelius Hurley, Professor at Boston University School of Law on reform at the Federal Home Loan Banks

    Cornelius Hurley is interviewed.
    read more

  • Reuters December 5, 2023

    Life Insurers Binge on US Financing Aimed at Helping Housing

    Cornelius Hurley is quoted.
    read more

  • American Banker December 1, 2023

    Federal Home Loan Banks Launch Opposition to FHFA Reforms

    Cornelius Hurley is quoted.
    read more

  • View All Articles

Activities & Engagements

No upcoming activities or engagements.

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Courses

Semester in Practice Program: Fieldwork: LAW JD 739

10 credits

THIS CLASS IS RESTRICTED to students who have received permission from the Clinical and Experiential Programs Office to enroll. This course is the fieldwork component of the Semester-in-Practice Program. Students spend a semester working full-time for credit in non-profits, government agencies, courts, private companies, or law firms. Placements may be paid or unpaid. Students may find their own placements that must be approved by the Clinical and Experiential Programs Office, or the Office has resources to help students identify and apply to suitable field placements based on their interests and career goals. NOTE: Students who enroll in the Semester-in-Practice Program may count the credits towards the 6 credit Experiential Learning requirement. COREQUISITE: Semester-in-Practice: Seminar (JD 740).

FALL 2024: LAW JD 739 A1 , Sep 3rd to Dec 5th 2024
Days Start End Credits Instructors Bldg Room
ARR 12:00 am 12:00 am 10 Kate Devlin JoyceHaefner
SPRG 2025: LAW JD 739 A1 , Jan 13th to Apr 23rd 2025
Days Start End Credits Instructors Bldg Room

Semester in Practice Program: Seminar: LAW JD 740

2 credits

THIS CLASS IS RESTRICTED to students who have received permission from the Clinical and Experiential Programs Office to enroll. This course is the seminar component of the Semester-in-Practice Program. Students will take the course online or on campus course (depending on the location of their placement). Topics covered in class will include legal ethics and professional responsibility, professional development, access to justice, cross-cultural lawyering, and the changing role of the legal professional. Students will have weekly readings and be expected to write weekly reflective memoranda. They will also give a presentation and prepare a final 10-12 page paper. NOTE: Students enrolled in this course may count the credits towards the 6 credit Experiential Learning requirement. COREQUISITE: Semester-in-Practice: Fieldwork (JD 739).

FALL 2024: LAW JD 740 A1 , Sep 3rd to Dec 5th 2024
Days Start End Credits Instructors Bldg Room
Fri 11:30 am 1:30 pm 2 Kate Devlin JoyceHaefner
SPRG 2025: LAW JD 740 A1 , Jan 13th to Apr 23rd 2025
Days Start End Credits Instructors Bldg Room
Fri 11:30 am 1:30 pm 2 Kate Devlin Joyce