Jon Langlois has spent his career representing financial institutions and financial services providers on critical regulatory compliance and transactional matters, developing a particular focus on mortgage lending and servicing activities. A Partner in the Washington, D.C., office of Buckley LLP, Mr. Langlois assists clients on a wide range of regulatory issues, including compliance with key consumer financial laws, such as the Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), Fair Debt Collection Practices Act (FDCPA), unfair, deceptive, or abusive acts or practices (UDAAP), and other consumer protection issues.
In addition to his regulatory practice, Mr. Langlois also represents clients on a variety of corporate and transactional matters, including capital markets transactions, corporate governance, and corporate organizations and reorganizations.
Representative work includes:
- Preparing institutions for, and guiding institutions through, supervisory examinations by the Consumer Financial Protection Bureau (CFPB), the Office of the Comptroller of the Currency (OCC), and other regulatory agencies
- Designing compliant mortgage servicing processes, particularly with respect to loss mitigation and foreclosure prevention
- Developing third party oversight programs and compliance management systems
- Conducting due diligence reviews of key providers for acquisitions or significant engagements
- Negotiating sales of whole loans and mortgage servicing rights (MSRs)
- Negotiating outsourcing transactions with third-party service providers and other vendors, including subservicing arrangements
- Advising on selling and servicing relationship issues with Fannie Mae, Freddie Mac, and Ginnie Mae
Mr. Langlois received his J.D. from Georgetown University and his B.A. from the University of Richmond. While in law school, he was a Legislative Analyst with Wilmer Cutler Pickering Hale and Dorr, and a Government Affairs Representative with the American Financial Services Association.
Buckley Sandler LLP hosted its second annual CFPB Today conference in Washington, DC October 25-26, 2015. The two-day event featured an evening of interactive roundtable discussions on CFPB trends, followed by a full day of seminars and breakout sessions. The roundtables and seminars were led by...Press Releases
New partners Melissa Klimkiewicz, Jon David D. Langlois, Aaron Mahler, Adam Miller, and Ross Morrison were noted in Law360's article, "Law360 Names Attorneys Who Moved Up the Firm Ranks in Q2," on July 10, 2015. Click here to view the article at www.law360.com (subscription required).In The News
WASHINGTON, DC (May 26, 2015) – Buckley Sandler LLP, a leading financial services and litigation & enforcement law firm, has promoted Melissa Klimkiewicz , Jon David D. Langlois , Aaron C. Mahler , Adam Miller and Ross E. Morrison to its partnership, effective May 1, 2015. “Our new partners...Press Releases
"Debt collection, convenience fees, and the FDCPA" by Jon David D. Langlois and Elizabeth R. Bailey (The Review of Banking & Financial Services)
In the era of online banking and the Internet of Things, the ability to pay your mortgage in a manner other than sending in a paper check evidences both convenience and complication. Convenience to the borrower, in that there are many avenues to quickly make a payment, even a late payment, to avoid...Articles
Jeffrey P. Naimon and Jon David D. Langlois Authored a Law360 Article, "Ignore Borrower Preference In Loss Mitigation? CFPB Says Yes"
Mortgage servicers should not listen to borrowers when it comes to loss mitigation. At least, that’s what the Consumer Financial Protection Bureau says. More specifically, servicers should disregard when a borrower tells the servicer they do not want to keep their home. Officially, this has been...Articles
As a result of last Tuesday’s election, Republicans will control the White House and both houses of Congress in 2017. It is likely there ultimately will be some significant changes affecting financial services regulation and enforcement, but they will take time to implement. The President-elect has...Articles
Special Alert: D.C. Circuit Panel Rejects CFPB's RESPA Interpretation and Alters its Structure in PHH Corp. v. CFPB
On October 11, a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit issued an opinion vacating a $109 million penalty imposed on PHH Corporation under the anti-kickback provisions of the Real Estate Settlement Procedures Act (RESPA), concluding that the CFPB...Articles
On August 4, the CFPB issued its long-awaited final amendments to the mortgage servicing provisions of Regulations X and Z. The Bureau had sought comment on the proposed rule in December 2014, more than 18 months ago. Spanning 900 pages, the final rule makes significant changes that will impact...Articles
With evolving regulatory expectations and increased enforcement exposure, financial institutions are under more scrutiny than ever. Nowhere is this more evident than in the management and oversight of service providers. When service providers are part of an institution’s business practice,...Articles
The fifth edition of the Practising Law Institute’s Consumer Financial Services Answer Book was published this month, with 29 Buckley Sandler attorneys contributing to this leading desk reference. The 2016 edition of the Consumer Financial Services Answer Book continues to provide practitioners...Articles
On August 19, 2014, the CFPB issued Bulletin 2014-01 to address “potential risks to consumers that may arise in connection with transfers of residential mortgage servicing rights.” The bulletin, which is the latest in a series of CFPB regulations, statements, and guidance on this subject, replaces...Articles