David McGee focuses his practice on state and federal regulatory compliance and enforcement matters related to consumer financial services. David has represented a broad range of clients, including mortgage companies, cryptocurrency companies, offerors of secured and unsecured credit, lead aggregators, and other non-bank lenders. He has guided them through enforcement actions brought by the Consumer Financial Protection Bureau (CFPB) concerning the Real Estate Settlement Procedures Act (RESPA) and Regulation X, Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FCRA), and Fair Debt Collection Practices Act (FDCPA), among others.
David also has experience representing cryptocurrency clients before the U.S. Department of Justice (DOJ), Securities and Exchange Commission (SEC), and Commodities Future Trading Commission (CFTC).
David brings a background in business litigation to Venable. Prior to joining the firm, he served as a consumer financial services enforcement associate in the business litigation division of an international law firm, where he assisted with drafting risk factors, reviewing agreements, and drafting due diligence memos for transactions related to consumer financial services, including money transmission, consumer and commercial mortgage and non-mortgage commercial lending, and secured and unsecured lending. He also provided regulatory advice to clients concerning mortgage servicing and origination.
During law school, David gained valuable federal agency experience clerking at the CFPB. While serving as a law clerk, he worked on multiple cases in active litigation, including Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) cases against payday lenders and an FDCPA case against a law firm collecting consumer debts. He also assisted in drafting memos and settlement documents related to the applicability of UDAAP provisions and UDAAP enforcement actions.