Clark Hill Attorney Joann Needleman Quoted in Inside Mortgage Finance

Clark Hill attorney Joann Needleman was recently quoted in Inside Mortgage Finance. The article, “Biden’s CFPB to Focus on QM Rule, Servicer Compliance,” talks about when it comes to the housing finance industry, the CFPB next year is likely to focus on mortgage servicers’ responses to COVID-19 hardships and the path forward for the qualified-mortgage rule, according to industry watchers.

Much of the conversation over the last few weeks has been about the bureau’s actions following the election of Joe Biden to the White House.

“The transition team that Biden has put together to look at the CFPB is extremely telling,” said Needleman, Leader of the firm’s Consumer Financial Services Regulatory & Compliance group. “Clearly, the bureau is going to take a different direction.”

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Needleman, Leader of the firm’s Consumer Financial Services Regulatory & Compliance group, serves as a navigator to her clients seeking advice and guidance in the complex regulatory environment facing the financial services industry. She provides counsel, consultation, and litigation services to a wide array of financial institutions, law firms, credit reporting agencies, as well as venture capital firms looking to invest in the fin-tech space. A former member of the Consumer Financial Protection Bureau’s (CFPB) Consumer Advisory Board, Joann has been able to provide her clients with useful strategies in order to prepare for new areas of regulatory scrutiny. Often asked by clients to quickly assess new policy statements or guidance issued by federal and state regulators, Joann is able to break down the issues and provide common-sense solutions that ensure her clients’ policies, procedures, and business operations are fully compliant with current regulatory expectations.