In the past ten to 15 years, advising the financial institution has become ever-more complex, from the perspective of both corporate counsel and outside counsel. One of the reasons for this additional complexity is that the array of laws and rules applicable to financial institutions, and the regulatory jurisdictions to which they are subject, have increased dramatically.
Among other legal responsibilities, we give regulatory compliance advice to non-depository mortgage companies on a daily basis, and in this capacity, we have developed some guidelines for dealing with government regulators. Most of the comments in this article were taken from our joint presentation entitled "Regulatory Issues Facing In-House Counsel" at the 14th Annual Womens Corporate Counsel Forum, sponsored by Fulcrum Information Services in Washington, DC from April 30 – May 1, 2001. Although we represent mortgage companies primarily, the comments below are equally applicable to other types of regulated
