Anoush Garakani

• 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 the 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.
• Assisting companies in responding to CFPB-issued notices of potential action and request for response (PARR) letters.
• Defending administrative enforcement actions (including state government audits, single- or multistate examinations, and investigations) and assisting in litigation involving regulatory compliance issues.
• Defending administrative complaints filed pursuant to state civil rights statutes.
• Working with state regulators to obtain approvals, licenses, or regulatory guidance.
• Assisting a nonbank residential mortgage loan purchaser with obtaining FHA mortgagee approval.
• Counseling a state-chartered bank and nonbanks on state licensing and filing requirements to make and service residential mortgage loans and assist in obtaining necessary business registrations and permissions.
• Counseling clients on compliance with regulations and guidelines governing the servicing industry, with focus on the implementation of, and compliance with, the CFPB’s mortgage-servicing standards.
• Assisting loan-servicer clients in reviewing and revising loss-mitigation programs and related compliance policies and procedures for loan-servicing operations.

Anoush Garakani is a senior associate on Alston & Bird’s Consumer Financial Services Team. He advises on mortgage banking and consumer finance and concentrates on counseling clients on compliance with federal and state consumer financial protection laws and regulations. 

Clients trust Anoush’s guidance when facing challenges surrounding the Fair Credit Reporting Act, Equal Credit Opportunity Act, Fair Debt Collection Practices Act, and Truth in Lending Act. He is experienced with federal and state prohibitions against unfair and deceptive acts or practices and laws and regulations related to mortgage origination and servicing, debt collection, property tax deferrals, retail installment sales contracts, telemarketing, and use of autodialer systems. Anoush also assists clients with performing regulatory compliance due diligence on investments or acquisitions related to consumer financial products, such as mortgage loans and unsecured consumer loans. 

Anoush clerked for the Federal Trade Commission’s Division of Financial Practices.

対応可能言語

• Farsi

弁護士登録

• District of Columbia
• Maryland

学歴

• American University (J.D., 2013)
• University of California, Irvine (B.A., 2010)