LITIGATION FORUM TRACK: Key State Cases and Bankruptcy (Closed to Media)
This session highlights recent cases and litigation developments related to Key State Cases and Bankruptcy.
Speakers
Introductions
Gabriel Acosta is the Regulatory Specialist in the Residential Public Policy and Industry Relations department at the Mortgage Bankers Association. Acosta works with the team to analyze agency actions and legislation in areas related to origination, servicing, and data protection. He also works with member committees to provide guidance to members on the changing regulatory landscape. Before the Mortgage Bankers Association, Acosta worked in Congress on criminal justice and immigration issues. He is a graduate from the Georgetown University Law Center and was a student at Georgetown’s Federal Legislation Clinic.
Facilitator
Aaron Chastain is a partner in the Birmingham office of Bradley Arant Boult Cummings LLP and a member of the firm’s Banking and Financial Services Practice Group. He represents a number of financial services companies, including mortgage originators and servicers, student lenders, money transmitters, and banks. Although his background is in litigation, he has developed a significant level of experience with state and federal laws governing financial services companies and often assists his clients with compliance and licensing issues.
Speakers
Christy Hancock’s practice is dedicated to financial services regulatory compliance. Her work with mortgage servicing and other financial institution clients has given her a broad base of knowledge regarding laws affecting the mortgage servicing business, including bankruptcy and foreclosure best practices, payment application, correspondence requirements, allowable fees, loan modifications, escrow requirements, and property preservation. In recent years, her practice has involved advising large financial institutions on compliance management systems, government settlements and consent order implementation, bankruptcy-related regulatory matters, and large-scale remediation projects. Christy organizes and hosts the Bradley Compliance Roundtable, which is a monthly one-hour WebEx for dozens of the firm’s financial services clients on a wide variety of issues. The roundtable has evolved since early 2020 to cover a broad range of topics involving secured lending and servicing. These meetings provide clients with a unique and valuable opportunity to discuss new trends and various nuances of consumer laws, with particular focus on government enforcement, compliance issues, and litigation updates. Christy provides daily guidance to clients on laws such as RESPA, TILA, FDCPA, FCRA, and the Dodd-Frank Act, as well as compliance with certain bankruptcy rules and mortgage servicing best practices. She has assisted her financial services clients with a variety of intricate matters, including developing responses to new legislation, conducting internal risk assessments, assisting with and responding to internal and external audits, training company personnel, and revising quality control processes, as well as drafting and updating a variety of mortgage servicing policies and procedures.
Brian McGrath counsels companies on a wide range of complex commercial legal issues. As the co-chair of the Hinshaw and Culbertson’s Consumer Financial Services Practice Group, he has helped clients navigate litigation involving financial services, intellectual property, antitrust, and white-collar criminal investigations throughout his career. An outside-of-the-box thinker, McGrath partners with his clients to provide them with simple, tailored solutions for their legal problems. In recent years, Brian has leveraged his broad experience to focus on serving clients in the financial services industry. He works with a number of financial institutions—including mortgage loan servicers—regarding lender liability and consumer protection statutes. He also handles complaints concerning the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA), as well as regulatory issues involving Consumer Financial Protection Bureau (CFPB) enforcement actions.
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