Peter Olszewski’s regulatory practice enables his financial services clients to structure, implement, and maintain effective compliance management systems across industries. As Counsel in the Washington, DC office of Buckley Sandler LLP, he advises banks, mortgage lenders, loan servicers, auto finance companies, student loan providers, and other financial institutions on the full spectrum of state and federal banking and consumer credit laws.
Mr. Olszewski’s particular areas of focus include: marketplace lending, including “true lender” assessments of bank partnership models; debt collection and sales of charged-off debt, including structuring debt sale programs and placements with third-party collectors to comply with applicable laws and regulatory guidance; National Bank Act preemption of state consumer credit laws; interest rate exportation and the most-favored-lender doctrine; compliance with federal consumer credit laws and regulations, including the Truth in Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA), the Fair Debt Collection Practices Act (FDCPA), among other laws enforced by the Consumer Financial Protection Bureau (CFPB); state licensing and regulation of lenders, servicers, collection agencies, loan processors, title companies, and real estate firms; and compliance with state usury and fee limitations.
Recent matters in which Mr. Olszewski has been involved include:
- Performing a regulatory due diligence of a marketplace lending platform operator
- Advising a student lender client on disclosure requirements, fee limits, loan term restrictions, and other state-law provisions applicable in connection with the client’s private student loan program
- Helping a mortgage lender client navigate a CFPB mortgage origination exam
Prior to joining Buckley Sandler, Mr. Olszewski was an attorney in the Federal Trade Commission’s (FTC) Office of the General Counsel, where he provided legal counsel to FTC staff and commissioners and advised FTC Bureau of Consumer Protection staff in connection with rulemakings and rulemaking notices.
Mr. Olszewski received his J.D. from the George Washington University Law School (with high honors) and his B.A. from the University of Illinois at Urbana-Champaign.
Join Buckley Sandler attorneys John Kromer , Clint Rockwell , Walter Zalenski , Peter Olszewski , and Moorari Shah , for a discussion on recent developments related to partnerships between banks and alternative lenders. The lower costs, flexible products, and consumer convenience ushered in by...Webcast
Buckley Sandler was named as a Consumer Protection Practice of the Year by Law360 . With pressure on the consumer financial industry on the rise, Buckley Sandler LLP has solidified its position in the field as a nimble, smaller firm that delivers BigLaw results, earning itself the distinction as...In The News
WASHINGTON, DC--(Jan 8, 2014) - Buckley Sandler LLP , a leading financial services and criminal & civil enforcement defense law firm, announced today that Heidi M. Bauer , Bradley A. Marcus , Peter L. Olszewski and Ann D. Wiles , all resident in the firm's Washington, DC office, have been...In The News
On July 28, the CFPB announced that it is considering proposing a rule to “overhaul the debt collection market by capping collector contact attempts and by helping to ensure that companies collect the correct debt.” The CFPB released several related documents, including a report on third-party debt...Articles
On June 23, the Maryland Court of Appeals affirmed a lower court judgment holding that a non-bank entity assisting consumers obtain loans from an out-of-state bank and then repurchasing those loans days later qualifies as a “credit service business” under the Maryland Credit Services Business Act (...Articles
Banking presents opportunities for non-depository mortgage companies seeking to boost competitiveness and expand market share. By acquiring or establishing a bank, a mortgage company can enjoy advantages over nonbank lenders, including access to cheap and reliable funding through FDIC-insured...Articles
- J.D., George Washington University, 2005 (Order of the Coif)
- B.A., University of Illinois at Urbana-Champaign, 2002
- District of Columbia
- Attorney in the Federal Trade Commission’s Office of the General Counsel