Melissa Malpass works as Counsel to Offit Kurman, joining our team as-needed to best service our clients. Ms. Malpass advises financial institutions on compliance with federal and state consumer financial laws. She regularly advises mortgage lenders on all legal aspects of loan origination, including disclosures, loan originator compensation, ability-to-repay standards, and other requirements imposed by the Truth in Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA), and Title XIV of the Dodd-Frank Act. She also advises mortgage servicers on compliance with federal and state regulations governing loss mitigation and foreclosure.
Ms. Malpass has extensive experience counseling financial institutions on fair lending matters, particularly with respect to developing internal policies and procedures for compliance monitoring and training. She has represented mortgage lenders, automobile lenders, and credit card issuers in federal and state agency investigations and enforcement actions brought under the Equal Credit Opportunity Act (ECOA).
Prior to working with Offit Kurman, Ms. Malpass was Counsel at WilmerHale, where she assisted clients with CFPB examinations and enforcement actions as a member of the firm's CFPB Working Group. While at WilmerHale, she also regularly advised financial institutions on regulatory compliance with federal consumer financial laws such as the prohibition on unfair, deceptive, and abusive practices. In particular, she provided financial technology companies with regulatory guidance regarding emerging payment systems and requirements under the Electronic Funds Transfer Act (EFTA). Earlier in her career, Ms. Malpass worked in the Consumer Financial Services practice at K&L Gates.