Washington DC | Dallas TX | Irvine CA
202.628.2000

Marc D. Patterson

marc patterson

Marc D. Patterson

Associate

Contacts

1300 19th Street NW, 5th Floor
Washington, DC 20036-1609

Marc provides regulatory advice to banks, non-bank lenders, servicers, brokers, and settlement service providers in the financial services industry. He focuses on regulatory compliance involving the Real Estate Settlement Procedures Act (RESPA), the Truth in Lending Act (TILA), the Equal Credit Opportunity Act (ECOA), the Fair Credit Reporting Act (FCRA), the Fair Debt Collection Practices Act (FDCPA), Unfair, Deceptive, or Abusive Acts or Practices (UDAAP), the Home Mortgage Disclosure Act (HMDA), the privacy provisions of the Gramm-Leach-Bliley Act, and the requirements of FHA, VA, Fannie Mae, and Freddie Mac.

 

Marc counsels clients on a variety of regulatory issues, including origination, servicing, collection, and implementing compliance and quality control procedures to meet federal and state requirements. He also assists companies with examination preparation and responses to regulatory audits by state and federal regulators, including the Consumer Financial Protection Bureau (CFPB). In addition, Marc assists mortgage companies with meeting state and federal licensing and approval requirements, including state-specific interpretations of the SAFE Act. He has experience preparing state law surveys related to licensing, fees, loss mitigation, advertising, record keeping, and disclosures.

 

Practice Areas

Education

  • New York University School of Law, LL.M. in Taxation, May 2009
  • American University, Washington College of Law, J.D., cum laude, May 2008
  • The College of Wooster, B.A., cum laude, May 2004

Admissions

  • District of Columbia
  • Maryland

Representative Matters

  • Advise companies on privacy and data security matters, including compliance with GLBA, Regulation P, FCRA, and state privacy laws such as the California Financial Privacy Act and the California Consumer Privacy Act
  • Evaluate financial companies for regulatory compliance, including reviewing lending and servicing operations in preparation for examinations and investigations by state and federal regulators
  • Review initial application and closing document packages to ensure compliance with federal and state law, including advising on compliance with the TILA-RESPA Integrated (TRID) rule
  • Advise on electronic compliance issues under the federal E-Sign Act, the Electronic Fund Transfers Act (EFTA), Regulation E, as well as the NACHA Operating Rules and credit/debit card payment network rules in connection with electronic payments
  • Prepare comprehensive surveys of federal and state laws and regulations on various mortgage lending, servicing, and loss mitigation issues
  • Assist clients in structuring and creating agreements with third-party service providers
  • Review lenders’ compliance with ECOA and FCRA notice requirements (e.g., adverse action, notice of incompleteness) and HDMA reporting requirements
  • Assist lenders and their partners in developing new loan products and programs, including peer-to-peer lenders, small business lenders, and loan brokers
  • Assist lenders, servicers, brokers, and debt collectors with licensing throughout their life cycle, from obtaining new license and agency approvals through surrender

Publications

  • Chapter contributor, Real Estate and Mortgage Banking: A New Era of Regulatory Reform (Thomson Reuters 2017-2018)

Affiliations

  • American Bar Association
  • District of Columbia Bar Association
  • Maryland State Bar Association