Haydn 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. Haydn 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. He regularly interacts on behalf of financial services companies with federal and state regulatory agencies, both in adversarial and non-adversarial matters. Haydn counsels clients on CFPB compliance, as well as all aspects of the Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act, financial services licensing matters and the Nationwide Multistate Licensing System & Registry (NMLS).
Haydn is experienced with preparing multistate regulatory surveys regarding all aspects of regulatory compliance for mortgage companies and other settlement service providers. He regularly assists clients with internal and external compliance surveys, facilitates interaction with regulatory agencies, and assists with all aspects of state and federal audits, examinations and enforcement actions.
He has extensive experience with the SAFE Act for mortgage lenders, brokers and servicers, including third-party loan fulfillment companies, employment agencies and other mortgage industry participants. He has been deeply involved with the development and testing of the NMLS and has spoken on the legal issues pertaining to the system at a number of NMLS User Conferences. He is a member of the NMLS Industry Development Working Group (IDWG)—a panel of industry members that directly advises upon the development and continued implementation of the NMLS—and the American Association of Residential Mortgage Regulators (AARMR) Industry Advisory Council and the NMLS Industry Advisory Council.
Identified as one of only eight “Top Mortgage Regulatory Compliance Lawyers” for 2014 by Mortgage Compliance Magazine, Haydn is a prolific speaker and author on financial services topics. His works provide practical insight to lawyers and non-lawyers. He is the author of the “State and Federal Licensing and the Nationwide Mortgage Licensing System & Registry” and the “Fair Credit Reporting Act” chapters of the Consumer Financial Services Answer Book 2015 (Practising Law Institute), among other publications.
Prior to private practice, Haydn clerked for the Hon. Diane Gilbert Sypolt of the U.S. Court of Federal Claims. He also served as Executive Managing Editor of the American Intellectual Property Law Association Quarterly Journal from 2001 to 2002.