Marc Patterson
Marc Patterson

Marc D. Patterson

Tel 202.661.7602
Fax 202.661.2299
Washington, DC

Marc D. Patterson provides regulatory advice to clients in the financial services industry. He focuses on retail financial services and regulatory compliance issues, including the Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA), Fair Debt Collection Practices Act (FDCPA), Unfair, Deceptive, or Abusive Acts or Practices (UDAAP), and Fair Credit Reporting Act (FCRA).

Mr. Patterson counsels clients in responding to government enforcement actions and with a variety of regulatory issues, including review of foreclosure and servicing practices, disclosures, servicing, and implementing compliance and quality control procedures to meet federal and state requirements.

Mr. Patterson regularly assists clients with meeting state and federal licensing and approval requirements, including state-specific interpretation of the SAFE Act. He has experience reviewing and assessing loan repurchase demands on behalf of mortgage originators and servicers, performing risk assessment of loan portfolios, and handling loan-repurchase litigation. He also has prepared multistate regulatory surveys and analyses on state disclosure requirements, UDAAP statutes, NSF and late fees, escheatment, identification requirements, adverse claims, and trustee services.  

Representative Matters

  • Advising banks, lenders, brokers, servicers, title companies, and other settlement service providers on creating and implementing policies and procedures to comply with significant RESPA and TILA rule changes
  • Implementing federal flood insurance policies and procedures
  • Counseling clients on issues related to the foreclosure crisis
  • Prepared detailed 50-state default servicing fee recoverability and foreclosure fee surveys for a top-five lender
  • Assisted a third-party service provider with meeting new regulatory and licensing requirements under the SAFE Act; performed research and analysis regarding the applicability of the new requirements; managed the licensing process
  • Represented several major banks in litigation brought by federal agencies and state attorneys general
  • Assisted a national mortgage servicer regarding compliance with OCC foreclosure standards
  • Provided legal support to financial institutions creating vendor or third party contracts and risk management programs to meet the expectations of the OCC, CFPB, and Federal Reserve Board 

Before entering private practice, Mr. Patterson was managing associate editor for Wealth Strategies Journal, a journal covering tax and financial law news.

Judicial Internships

Hon. Hans J. Liljeberg, Louisiana 24th Judicial District, New Orleans metropolitan area, summer 2006

Professional Activities

American Bar Association

Ballard Spahr's Pro Bono Committee


Co-author, "Federal Agencies Finalize Flood Insurance Rules," Ballard Spahr alert, June 29, 2015

Co-author, "Federal Agencies Propose New Flood Insurance Rules," Ballard Spahr alert, October 24, 2014

Co-author, "Federal Agencies Propose New Federal Flood Insurance Regulations," Ballard Spahr alert, October 10, 2013

Speaking Engagements

"Review of TILA-RESPA Integrated Disclosure Rule, UDAAP, and Important Dodd-Frank Provisions," Lorman Education Services webinar, June 3, 2015

"Review and Update of Important Dodd-Frank Provisions," Lorman Education Services webinar, December 11, 2014

"Impact of the Homeowner's Flood Insurance Affordability Act of 2014 on Mortgage Lending and Servicing," Lorman Education Services webinar, August 12, 2014

New York University School of Law (LL.M., taxation, 2009)

American University, Washington College of Law (J.D. 2008, cum laude)
Member, Moot Court Honor Society Executive Board; Student attorney, Community and Economic Development Clinic

The College of Wooster (B.A. 2004, cum laude)

District of Columbia