Skip to main content
Menu Icon Menu Icon
Close
Benjamin K. Olson
Solution-oriented … He has been invaluable at helping us navigate the rules and he is incredibly responsive to our requests. Chambers USA

Biography

Benjamin K. Olson is a recognized authority in the field of consumer financial protection regulation, bringing deep experience and valuable insights on regulatory and enforcement matters based on his experience as the Deputy Assistant Director for the Office of Regulations at the Consumer Financial Protection Bureau (CFPB), and his work at the Board of Governors of the Federal Reserve System (FRB) and the Federal Trade Commission (FTC).

A Partner in the Washington, DC office of Buckley Sandler LLP, Mr. Olson advises clients on a wide range of matters focusing on compliance with CFPB mortgage and credit card regulations. In particular, he has: 

  • Advised clients on the implementation of several major regulatory changes, including the CFPB’s “Know Before You Owe” or the Truth in Lending Act-Real Estate Settlement Procedures Act (TILA-RESPA) Integrated Disclosure (TRID) rule, Ability-to-Repay/Qualified Mortgage rule, Mortgage Servicing rules, and Loan Originator Compensation rule, as well as the Department of Defense’s (DoD) amendments to the Military Lending Act (MLA) regulations
     
  • Designed terms and disclosures for mortgage and credit card products, including home equity lines of credit (HELOCs), consistent with established regulatory requirements and testing criteria and the evolving standards for unfair, deceptive, and abusive acts and practices (UDAAPs)
     
  • Represented clients in CFPB examinations, investigations, and enforcement actions, particularly with respect to loan originator compensation, RESPA Section 8, and mortgage servicing

Prior to joining Buckley Sandler, Mr. Olson served as the Deputy Assistant Director for the CFPB’s Office of Regulations, which is responsible for researching and analyzing legal and policy issues, drafting proposed and final rules, and providing guidance to CFPB leadership and supervision and enforcement staff regarding consumer financial protection laws. In that capacity, he oversaw numerous CFPB rulemakings, including the TRID rule, Ability-to-Repay/Qualified Mortgage rule, Mortgage Servicing rules, and Loan Originator Compensation rule.

Before joining the CFPB in June 2011, Mr. Olson served as Counsel in the Regulations Branch of the FRB’s Division of Consumer and Community Affairs. There, he played a leading role in the Board's development of new rules regulating the credit card industry, including the rules implementing the Credit Card Accountability Responsibility and Dislosure (CARD) Act. Prior to that, Mr. Olson worked in the FTC's Division of Financial Practices, where he investigated and prepared enforcement actions against financial service providers for unfair and deceptive practices (UDAPs) and other violations of consumer financial protection laws.

Mr. Olson was ranked by Chambers USA as an "Up and Coming" lawyer in Financial Services Regulation (Enforcement & Investigations) and (Consumer Finance: Compliance), with particular emphasis on his CFPB experience. Clients praised his level-headedness "he doesn't panic, he's just solution-oriented." In addition, Mr. Olson was recognized by Legal 500 for Financial Services: Regulation, and referred to him as a “federal rules mortgage expert.”

Mr. Olson served as law clerk to the Honorable Emilio M. Garza on the United States Court of Appeals for the Fifth Circuit. He received his J.D. from Georgetown University and his B.A. from Tulane University.

Solution-oriented … He has been invaluable at helping us navigate the rules and he is incredibly responsive to our requests. Chambers USA

Webcasts & Speaking Engagements

In The News

Articles & Special Alerts

Awards and Recognitions

Awards & Recognitions

  • Legal 500 2017: Recognized in the Financial Services: Regulatory practice area
  • Chambers USA 2017: Up and Coming, Financial Services Regulation (Consumer Finance)
  • Chambers USA 2016: Up and Coming, Financial Services Regulation (Enforcement & Investigations)

Education

  • J.D., Georgetown University, 2001 (magna cum laude, Order of the Coif)
  • B.A., Tulane University, 1997 (cum laude)

Admissions

  • District of Columbia

Government Service

    • Attorney in the Federal Trade Commission's Division of Financial Practices
    • Counsel in the Regulations Branch of the Federal Reserve Board’s Division of Consumer and Community Affairs
    • Deputy Assistant Director for the Office of Regulations at the Consumer Financial Protection Bureau

Save Biography as PDF