Peter S. Frechette
Peter frequently counsels clients on residential mortgage compliance issues involved in origination, brokering, servicing, and secondary market sales. For credit products generally, Peter counsels clients on marketing and disclosure compliance, underwriting issues, credit reporting guidelines, repayment structures, and overall compliance management systems.
Peter leverages an in-depth understanding of financial laws and regulations to assist bank and non-bank clients in preparing for supervisory examinations, engaging with examiners, and responding to examination findings. In the context of investigations and enforcement, Peter has represented clients in responding to claims stemming from prohibitions on unfair, deceptive, or abusive acts or practices (UDAAP), and other laws and regulations.
Applying his experience with financial services regulations, Peter also advises clients during acquisition and counterparty due diligence, and has managed complex due diligence investigations into counterparties, service providers, acquisition targets, and borrowers.
Peter advises clients on a variety of financial services, consumer protection, and general business issues, including compliance with the Consumer Financial Protection Act, FTC Act, Fair Debt Collection Practices Act, Fair Credit Reporting Act (Regulation V), Equal Credit Opportunity Act (Regulation B), Electronic Funds Transfer Act (Regulation E), Truth in Lending Act (Regulation Z), Real Estate Settlement Procedures Act (Regulation X), and other laws enforced by the Consumer Financial Protection Bureau (CFPB), Federal Trade Commission (FTC), Department of Justice (DOJ), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and state attorneys general.
Related Practices
- Banking and Financial Services Regulatory
- Financial Services Investigations and Enforcement
- Regulation of Banks, Savings Associations, and Bank, Thrift and Financial Holding Companies
- Regulatory
- Payment Processing and Merchant Services
- Electronic and Mobile Banking
- Conducting and Responding to Investigations
- Enforcement
Related Industries
Experience
Government Experience
- Intern, Department of Defense, Office of the General Counsel, International Affairs
Insights
Credentials
Education
- J.D. magna cum laude, Order of the Coif American University, Washington College of Law 2013
- Editor-in-Chief, American University Law Review
- B.A. Linguistics and Philosophy University of Maryland, College Park 2010
Bar Admissions
- Maryland
- District of Columbia