- Counseling clients on compliance with state and federal laws affecting lending and servicing activities, including the Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FCRA), Servicemembers Civil Relief Act (SCRA), and Fair Debt Collection Practices Act (FDCPA).
- Conducting enterprise-wide Consumer Financial Protection Bureau (CFPB) readiness reviews of a company’s business lines, operations, and products to assess the level of potential risks to consumers and evaluate a company’s compliance management program.
- Defending administrative enforcement actions (including state government audits, single- or multistate examinations, and investigations) and assisting in litigation involving regulatory compliance issues.
- Advising on compliance with federal and state valuation laws, including appraisal independence requirements under TILA, Interagency Appraisal and Evaluation Guidelines, Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), Fannie Mae and Freddie Mac Appraisal Independence Requirements, ECOA and state appraisal management company (AMC) laws, appraiser laws, and real estate broker laws.
- Acted as regulatory counsel to the FAIR Coalition and defended clients in government investigations and enforcement proceedings concerning valuation issues.
- Working with state regulators to obtain approvals, licenses, or regulatory guidance.
- Counseling a state-chartered bank on state licensing and filing requirements to make and service residential mortgage loans and assisting in obtaining necessary business registrations and permissions to establish loan production offices.
- Counseling clients on compliance with regulations and guidelines governing the servicing industry, with a focus on the implementation of the CFPB’s finalized servicing standards.
Partner,
Co-chair of Financial Services & Products Group
- Phone: +1 202 239 3189
- Email: nanci.weissgold@alston.com
Nanci, an American College of Consumer Financial Services Lawyers Fellow, maintains a national regulatory compliance practice representing consumer financial products and services providers on federal, state and agency requirements, including valuation and mortgage lending and servicing. Her pragmatism preparing for, and responding to, CFPB, FHA, state and other administrative actions is valued.