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Stranger in a Strange Land: CFPB and DOJ Bring Non-Mortgage Products into the Fair and Responsible Lending Fold 2012


Speaker(s): Amanda M. Raines, Valerie L. Hletko
Recorded on: Oct. 10, 2012
PLI Program #: 44598

Amanda M. Raines is a Counsel in the Washington, DC office of BuckleySandler LLP. Ms. Raines represents financial services industry clients in federal and state enforcement agency investigations and litigation, as well as in private civil and class action litigation. She has represented clients in investigations by the Department of Justice, the Securities and Exchange Commission, the FDIC, and state attorneys general, as well as in private class action litigation concerning a variety of issues, including securities fraud, tax fraud, the Fair Housing Act, the Equal Credit Opportunity Act, the Civil Rights Act, and unfair and deceptive trade practices statutes.
 
Ms. Raines’ recent representations include the following: 


  • Confidential representation of major mortgage servicers regarding mortgage servicing and foreclosure practices
  • Conducting risk assessments of major mortgage servicers’ practices pursuant to FDIC and Federal Reserve Consent Orders
  • Reviewing and assessing loan repurchase demands on behalf of mortgage originators, performing risk assessments of loan portfolios, and handling loan-repurchase litigation
  • Defending class action lawsuits alleging discrimination in loan pricing by mortgage originators
  • Defending class action lawsuits alleging violation of credit services organization statutes
 
Ms. Raines currently is the chair of the Women Litigator’s Committee of the DC Bar.
 
Prior to joining BuckleySandler, Ms. Raines was an associate at Skadden, Arps, Slate, Meagher and Flom, LLP.
 
Ms. Raines received her J.D. from Case Western Reserve University School of Law (magna cum laude, Order of the Coif) in 2003, where she was the managing editor of the Case Western Law Review. She received a B.A. from Rhodes College in 2000.


Valerie L. Hletko, partner in the Washington, DC, office of BuckleySandler LLP, represents institutions and individual clients in complex civil litigation and class actions. She also represents clients in connection with regulatory examinations, investigations, and administrative enforcement actions initiated by the DOJ, FDIC, FRB, CFPB, HUD, and state bank regulatory agencies and state Attorneys General.

Ms. Hletko counsels clients on risk management, fair lending, loss mitigation and residential mortgage loan modification programs, and compliance with consumer financial laws, such as FCRA, ECOA, HMDA, FDCPA, RESPA, TILA, and prohibitions on unfair, deceptive, or abusive practices in Section 5 of the Federal Trade Commission Act (UDAP) and Section 1036 of the Consumer Financial Protection Act (UDAAP).

Ms. Hletko lectures and publishes on a range of subjects of interest to financial institutions, including fair and responsible banking practices, specialty finance, vendor management, and regulatory enforcement trends.

Ms. Hletko received her B.A. from Kenyon College (magna cum laude), her M.T.S. from Harvard University, and her J.D. from the University of Chicago.

PRACTICE AREAS

Consumer Financial Protection Bureau

Class Actions

Fair & Responsible Banking Government Enforcement Litigation

Mortgage Servicing Regulatory Examinations

Servicemembers Civil Relief Act Specialty Finance

Unfair, Deceptive & Abusive Acts and Practices

Vendor Management & Transactions

BAR ADMISSIONS

District of Columbia New York

U.S. District Court (DC)

U.S. District Court, Southern District of Indiana

U.S. Supreme Court