Last week, Carleton announced the promotion of Sarah Way Milovich to general counsel and vice president of compliance following Jeff Buysse’s retirement after nearly a 40-year career managing Carleton’s compliance services.

The provider of compliant financial calculations and lending document generation software said Buysse has been advising finance companies, lenders and regulators nationwide on the compliant implementation of federal and state regulations. He defined the calculation blueprint used within Carleton’s compliance software utilized by regulators across 13 different states.

Carlton also highlighted Buysse regularly served as an expert speaker at seminars and educational classes for state banking examiners and lending associations.

The company added that Buysse has been integral in Carleton’s role of serving and guiding clients across all 50 states in their efforts to provide compliant contract calculations. Under his leadership, Carleton’s compliance services have grown to include two attorneys, a compliance analyst, software developers and client support personnel.

Following Buysse’s retirement, Way Milovich will take on the responsibilities as the vice president of compliance services and general counsel.

“I am very privileged to have been part of Jeff Buysse’s team and trained by him,” said Way Milovich, who joined Carleton in 2016. “Jeff is arguably the most senior expert in the United States regarding consumer credit math and its compliant implementation within over 250 federal and state lending regulations nationwide.

“Jeff has ensured that his legacy includes leaving a compliance team well-equipped to uphold the high standards he established in supporting our clients and regulators. Jeff has been and will continue to be a valuable mentor to myself and our team,” she continued in a news release.

Matt Ruszkowski is president and chief operating officer of Carleton.

“Jeff has undoubtedly made a profound impact at Carleton and throughout the consumer lending industry. His knowledge and expertise in navigating the complexities associated with regulatory compliance have established Jeff as a respected leader in the compliance community,” Ruszkowski said in the news release. “We are also very fortunate to have Sarah as part of the Carleton leadership team and the management of our Compliance Services Department. Her last eight years working side by side with Jeff Buysse has given her invaluable knowledge and experience that ensures we will continue to provide our clients with the support and high level of compliance services built into our solutions.

“Sarah’s promotion showcases Carleton’s dedication to strengthening our compliance team, reinforcing our commitment to building our clients’ trust and being the experts throughout the ever-evolving compliance landscape,” Ruszkowski went on to say.