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July 09, 2021
Cadwalader partner Rachel Rodman joined other industry leaders and members of the Structured Finance Association for a closed call on July 7 to discuss the final rule issued by the Consumer Financial Protection Bureau (CFPB) that amends the federal mortgage servicing regulations, Regulation X, to provide temporary protections for borrowers facing COVID-19-related financial hardship.
On the call, Rodman and leaders from the mortgage servicing industry provided an overview of the amendments and discussed key takeaways and considerations for the securitization industry, including supervisory and enforcement implications, compliance, and market impacts. The CFPB’s amendments are intended to support the housing market as it transitions from pandemic-related changes to buttressing the ongoing economic recovery.
Rodman, a partner in Cadwalader’s White Collar Defense and Investigations group, is an experienced litigator who focuses her practice on defending banks, specialty finance companies and other financial services institutions in investigations and enforcement actions by federal and state agencies, supervisory actions and consumer protection civil litigation. She has significant experience in government investigations and litigation relating to consumer financial products and services. She regularly represents depository institutions, finance companies and other market participants in enforcement and supervisory actions by federal banking regulators; investigations and civil litigation by state attorneys general; and in consumer protection civil litigation, including class actions.