Nanci L. Weissgold

• 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), 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.
• Counseling clients on fair-lending compliance and conducting annual fair-lending reviews.
• Assisting loan-servicer clients in developing loss-mitigation programs and related compliance policies and procedures for loan-servicing operations.
• Reporting on state and federal foreclosures and loss-mitigation requirements.
• Advising financial institutions on the pre- and post-Dodd–Frank Act rules of federal preemption of state consumer finance laws and surveying applicable state-law requirements.
• Analyzing and providing regulatory counseling, memoranda, opinions and surveys, and fee charts on applicable laws across 50 states impacting the origination, servicing, and sale of mortgage loans and consumer loan products.
• Advising secondary mortgage market participants on legal liability arising from federal and state anti-predatory and other abusive lending laws and defending state examination and enforcement actions.

Nanci Weissgold is a co-leader of both Alston & Bird's Financial Services & Products Group and the firm’s Consumer Financial Services Team. She advises financial institutions and financial service providers on issues relating to mortgage lending and mortgage servicing, valuation, and other consumer lending issues as part of her national regulatory compliance practice.

Nanci is a frequent speaker and presenter at legal and industry conferences and webinars, and has published numerous articles on mortgage banking, valuation, and consumer finance related topics. She served as articles editor of the Administrative Law Journal at American University. Nanci is a Fellow of the American College of Consumer Financial Services Lawyers and serves on the nominating committee for the Board of Regents. She is peer rated in the Martindale-Hubbell® directory as AV Preeminent®, the highest level of professional excellence. Nanci is nationally ranked by Chambers USA in Financial Services Regulation: Consumer Finance (Compliance), and in 2018, she was honored by the Burton Awards as a recipient of a “Law360 Distinguished Legal Writing Award.”

Bar Admissions

• District of Columbia
• Pennsylvania

Education

• American University (J.D., 1992)
• University of Massachusetts (B.A., 1989)

Memberships