Financial Institutions Regulatory

We represent mortgage lenders, servicers, and related companies before federal and state regulatory authorities, including the CFPB, HUD, the Department of Justice, FDIC, FTC, the Federal Reserve, and state Attorneys General during investigations and enforcement proceedings.

We assist clients in implementing policies and procedures in compliance with various federal regulations and agency guidelines, including TRID, Qualified Mortgage Rules, HUD FHA Mortgagee guidelines, RESPA Anti-Kickback provisions, FCRA and FACTA Act requirements, FinCen Anti-Money Laundering requirements and Privacy rules. We also develop and review disclosures, policies, and procedures to comply with state consumer protection and mortgage banking requirements.

Our attorneys are authorities on compensation and related wage, employment, and classification issues for loan officers, branch managers and other mortgage industry participants.

We represent clients on claims pertaining to consumer protection statutes, and collaborate with our employment litigation team to defend clients on employment and labor claims that often also implicate regulatory issues.

We assist financial institutions on mergers and acquisitions, including applications for mortgage company change in controls, as well as other corporate transactions such as mortgage loan purchase and sale agreements and joint ventures.

We review our clients’ compliance management practices to ensure ongoing compliance with regulatory requirements, and help our stay ahead of issues as they occur in real time. We also advise clients through state or federal regulatory audits.

We advise clients on state lender, servicer, broker and other licensing requirements. We also assist with license applications, HUD FHA, and other agency approvals.

We provide advice on corporate governance, taxation, labor and employment matters, and intellectual property and trademark protection, with an eye toward relevant law and governing authorities.

In addition to defending our clients against claims of unfair lending practices, we identify fair lending issues and help lenders draft and implement updated policies.

Drawing on legal proficiency in the field of cybersecurity and privacy laws, we help our clients protect their and their customers’ sensitive data, respond to threats as they happen, and act quickly in the aftermath of a breach.

We work alongside our clients to design all types of consumer finance products, address uncertainties, and correct compliance errors before product launch.

We evaluate and defend repurchase demands, including examining exposure, analyzing insurance coverage and litigating demands.