Lisa Lanham

About Lisa Lanham

Lisa Lanham handles complex financial services matters related to the federal approvals and state licenses needed to engage in business. Her clients include residential and commercial mortgage lenders, brokers and servicers, loan fulfilment providers, student and consumer loan originators and servicers, and investors that engage in secondary market activities

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New York Proposes Guidance for Regulated Virtual Currency Licensees

January 23, 2020 By Lisa Lanham and David McGee

A&B ABstract Since the New York Department of Financial Services (“NYDFS”) finalized regulations for virtual currency firms in 2015, several regulated virtual currency licensees (“Licensees”) have sought permission to issue new virtual currencies (i.e., coins) in addition to those included in their initial license applications. On December 11, 2019, NYDFS issued Proposed Guidance in response […]

New Jersey Requires License to Hold Mortgage Servicing Rights

January 5, 2020 By Lisa Lanham

A&B ABstract: New Jersey is the latest state to require the licensing of an entity that passively invests in whole residential mortgage loans on a servicing-released basis or in the servicing rights in such loans. The New Jersey Department of Banking and Insurance recently released Bulletin No. 19-13 to elaborate on the state’s new licensing […]

Massachusetts Poised to Regulate Student Loan Servicers

October 28, 2019 By Nanci Weissgold and Lisa Lanham

A&B ABstract: Amid growing concerns of a student loan crisis, proposed Massachusetts H. 3977 is worth watching. If enacted, it would provide the Division of Banks and the Attorney General additional regulatory and enforcement authority over student loan servicers. It also would establish a new Consumer Assistance Unit to help consumers address complaints in any […]

Arizona Seeks to Improve FinTech Sandbox with HB 2177

October 9, 2019 By Lisa Lanham

A&B ABstract: Arizona launched a first-in-the-nation FinTech Sandbox in August 2018, which has been a successful venture by the state. Arizona seeks to improve this program with the enactment of HB 2177 and the Arizona Attorney General Office’s involvement in the CFPB’s American Consumer Financial Innovation Network. Arizona’s FinTech Sandbox In August 2018, Arizona was […]

New York Proposes Student Loan Servicing Rules

September 24, 2019 By Lisa Lanham

A&B ABstract Amid growing concerns over the federal government’s “hands off” approach to regulating the student loan business, New York Governor Andrew Cuomo released 3 NYCRR 409, a proposed regulation aimed at providing significant consumer protections for New York student loan borrowers, to the public for comment. The deadline for comment on the regulation is […]