Banking Compliance and Regulation – Consumer Finance

Overview

Walter | Haverfield’s team of attorneys represent and consult lenders, loan servicers, banks, credit unions and other financial institution clients in a range of complex matters related to banking compliance and regulation. Our team collaborates with in-house legal departments, business units, and executives to form a deep understanding of operations, allowing us to assist internal legal counsel in protecting clients’ legal, reputational and operational risks in the highly regulated financial services industry. Our team reviews compliance policies and procedures to identify risks at all levels, which is vital following the significant compliance issues arising from the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

We also provide regulatory and legislative advice to navigate and provide clarity to ever changing and evolving laws, rules and regulations impacting the day-to-day operations of banking and financial services on a real-time basis. As external/outside counsel, we consult clients on best practices for compliance, including the development of policies and procedures as well as an “audit trail” documenting compliance functions. Whether it’s implementing new technology into an existing platform or starting a compliance program from scratch, our team of attorneys are here to help and consult.

Professionals

Experience

Our team’s experience includes:

  • Defense of nation’s largest banks, nonbank mortgage lenders, brokers, loan servicers and sub-servicers  in mortgage origination and consumer litigation under state and federal statutes, including but not limited to OCSPA, FDCPA, FCRA, HAMP, HOEPA, TILA, andRESPA in virtually all trial and appellate courts in Ohio
  • Serves as outside regional counsel managing consumer finance litigation on behalf of loan servicers and sub-servicers  in multiplestates/jurisdictions
  • Advising in-house corporate counsel on litigation strategies, compliance issues and rights and obligations under complex commercial contracts, including HUD, Fannie Mae, and Freddie Mac guidelines, as well as rights and obligations under Pooling and Servicing Agreements relative to mortgage-backed securitized trusts
  • Compliance consultation regarding fintech integration of third-party service provider into national mortgage lender’s existing mobile loan origination platform
  • Consultation and defense of nationwide sub-servicer in investigations by the Ohio Attorney General and the Wisconsin Department of Financial Institutions
  • Successful representation of a national bank in the Ohio Supreme Court that garnered attention of nationalmedia and ended prosecution of out-of-state financial institutions via trials-in-absentia
  • Defense of national non-bank loan servicer in consumer class action involving FDCPA and bankruptcy-related claims
  • Defense of national automobile warranty company in consumer class action TCPA claims

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