March 2013

You are browsing the site archives for March 2013.

I recently sat down for a Q & A session with Law 360 to discuss some of the challenges I’ve faced while representing special servicers and financial institutions. The discussion covers not just my own work, but also touches on some of the regulatory issues that special servicers and financial institutions will face in the near future. (more…)

Today I had the pleasure of having breakfast with Senate Minority Leader Mitch McConnell (R-KY) at Baker Donelson’s Washington, D.C. office. He spoke a lot about the current budget negotiations. I did take the opportunity to raise concerns I continually hear from our financial institution clients that they are getting killed by increasing regulatory oversight by the Federal government. When I asked him if he saw any way that Congress would provide relief to the financing industry, Senator McConnell said that while it is unlikely to see much relief along these lines, they have some leverage with the consideration of the Richard Cordray nomination to the Consumer Financial Protection Bureau (“CFPB”) to make some inroads into the current Dodd-Frank and CFPB regulatory overlay. (more…)