Bradley is pleased to announce that Haydn J. Richards Jr., a partner in the firm’s Washington office and leader of Bradley’s Licensing and Examinations team, has been elected chair of the Industry Advisory Council of the American Association of Residential Mortgage Regulators (AARMR).
“We congratulate Haydn on his election as chair of the Industry Advisory Council of the influential AARMR, which is the main policy group and trade association representing the state mortgage regulatory agencies,” said Bradley Washington, D.C., Office Managing Partner Douglas L. Patin.
“Haydn is a recognized industry leader in financial services licensing and state regulatory compliance matters,” said Bob Niemi, who is a Senior Advisor for Financial Services in Bradley’s Charlotte and D.C. offices and previously held a position on the AARMR Board of Directors where he served as Deputy Superintendent of the Ohio Division of Financial Institutions.
Mr. Richards added, “It is a great honor to be elected by my peers and know the challenges we all face with the changing regulatory landscape and implementation of NMLS (Nationwide Multistate Licensing System and Registry) 2.0.”
The AARMR is a trade association that promotes the exchange of information and education concerning the licensing, supervision and regulation of the residential mortgage industry. Made up of AARMR affiliate members, the Industry Advisory Council consults, advises and assists the AARMR Board of Directors on issues relating to residential mortgage regulation. Mr. Richards led and Mr. Niemi participated in a recent industry panel covering cybersecurity for mortgage companies, transitional authority for mortgage originators, consumer complaints and examination best practices at the 29th Annual AARMR Regulatory Conference held in Boston.
Also a member of Bradley’s Banking and Financial Services Practice Group, Mr. Richards advises members of the financial services industry on state and federal regulatory compliance matters involving residential and commercial mortgage lenders, brokers, servicers, consumer financial companies, student loan companies, and debt collectors. He is a nationally recognized leader on mortgage and financial services licensing matters, including counseling clients relating to the formation of financial services companies and strategic acquisitions.
Mr. Richards received his J.D. from George Washington University Law School and his Bachelor of Arts from the College of William & Mary.