Financial Institutions Regulatory

Regulatory Development, Implementation and Defense

Offit Kurman’s Financial Institutions Regulatory Practice Group offers legal representation and counseling to ensure our clients remain compliant, effective, and successful in light of ongoing regulatory changes. From representing clients before federal and state agencies to advising businesses on corporate transactions regarding the latest rules affecting their industries, our approach combines attorney insight across practice areas with the goal of enhancing the value of each client’s business.

Regulatory Representation

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

Federal and State Compliance

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.

Loan Originator Compensation and Other Employment Matters

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

Litigation, Mediation, and Arbitration

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.

Financial Institutions M&A

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.

Compliance Audits and Due Diligence

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.

Licensing and Agency Approvals

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

Corporate Operations

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.

Fair Lending Reviews

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.

Privacy and Data Security

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.

Product Development

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

Ready to learn more? Contact Offit Kurman today!

Related Posts

What Does CFPB Director Richard Cordray’s Resignation Mean for the Agency’s Future?

By Daniella Casseres Esq. | November 21, 2017
Read More

Compensation and Compliance Matters: The Future of the CFPB Is Not Necessarily as Bleak as It Looks

By Offit Kurman | January 30, 2017
Read More

Offit Kurman Attorney Wayne Watkinson Quoted in Rob Chrisman’s Daily Mortgage News

By Offit Kurman | October 14, 2016
Read More

Compensation and Compliance Matters: A Right Way and A Wrong Way to Hire Another Lender’s LO

By Offit Kurman | May 6, 2016
Read More

Compensation and Compliance Matters: Thanks for the Grace Period But…

By Offit Kurman | October 2, 2015
Read More

Compensation and Compliance Matters: How Disparate Impact Ruling Affects Lenders’ Daily Operations

By Offit Kurman | July 12, 2015
Read More

This Month in Compensation and Compliance Matters

By Offit Kurman | March 13, 2015
Read More

This Month in Compensation and Compliance Matters

By Offit Kurman | December 8, 2014
Read More

Compensation and Compliance Matters: Consumer Mortgage Data Breaches Do Not Just Exist in Cyberspace

By Offit Kurman | September 18, 2014
Read More

Compensation and Compliance Matters August Round Up

By Offit Kurman | September 4, 2014
Read More

CFPB Issues Responsible Business Edicts for Lenders

By Offit Kurman | August 2, 2013
Read More

Why Lenders Should Jump at New, Easier Fix for Back Pay Disputes

By Ari Karen Esq. | April 3, 2018
Read More

New NLRB Standards May Change How Lenders Use Facebook

By Ari Karen Esq. | January 30, 2018
Read More

Being Proactive with Policies, Procedures and Training

By Ari Karen Esq. | July 17, 2017
Read More

PHH Hearing Recap and CFPB Status Forecast

By Ari Karen Esq. | July 7, 2017
Read More

Small Banks Could Be Erased From Mortgage Market Thanks To Choice Act

By Ari Karen Esq. | June 30, 2017
Read More

Lender Legal Update- The Impending Financial Choice Act 2.0

By Ari Karen Esq. | June 7, 2017
Read More

Balanced regulatory reform the only realistic solution to CFPB divisiveness

By Ari Karen Esq. | May 8, 2017
Read More

Compensation and Compliance Matters: Read Between the CFPB’s Lines for Marketing Services Guidance

By Ari Karen Esq. | February 17, 2017
Read More

Compensation and Compliance Matters: Why All Signs Point to a CFPB Commission

By Ari Karen Esq. | February 8, 2017
Read More