Photo of Arthur B. Axelson

Arthur B. Axelson Senior Counsel

Areas of Practice

Industries

Bar Admissions

  • Maryland, 1980
  • District of Columbia, 1981

Education

Villanova University, J.D.

  • Law Review, Articles Editor

Franklin & Marshall College, B.A., cum laude

Mr. Axelson is a senior member of the firm's financial services regulatory and compliance practice. He regularly interacts with federal and state banking officials to assist Firm clients on compliance and new product development; and advises financial service providers on both federal and state law, including the Dodd-Frank Wall Street Reform and Consumer Protection Act and their implementing regulations. He is also co-author and co-editor of the soon-to-be released Consumer Financial Services Answer Book 2014.

Mr. Axelson represents a broad range of financial institutions, brokers, lenders, loan servicers, investors and other service providers on consumer financial service and retail banking matters. His primary areas of practice include federal and state regulatory compliance with special emphasis on new product development, secured and unsecured lending, regulatory banking and e-commerce in the financial services industry.

Mr. Axelson has particular experience in reverse mortgage lending and other mortgage products, and also advises clients regarding various regulatory banking issues, specific loan transaction problems, mortgage fraud concerns, alleged violations of applicable law and regulations, and loan servicing and debt collection issues. He assists clients in defending existing loan programs against challenges by private litigants or enforcement actions by state and federal regulators. In addition, he conducts compliance audits involving detailed reviews of the forms and procedures used by lenders to assure compliance with applicable federal and state requirements, including due diligence compliance audits in connection with mergers and acquisitions.

He also handles a variety of secondary market concerns, including those affecting mortgage loan origination and servicing operations, mortgage wholesale and correspondent arrangements, and the purchase and sale of mortgages and mortgage servicing and subservicing rights. His representation involves the development of model forms and procedures, advice concerning complex, unusual or troublesome compliance and enforcement issues, and in-depth surveys, analysis, and reporting on aspects of state laws and regulation affecting large-scale, nationwide mortgage loan originators, purchasers, servicers and debt collectors.

  • Fellow of the American College of Consumer Financial Service Lawyers
  • Former chair of the Housing Finance Subcommittee of the Consumer Financial Services Committee, American Bar Association
  • Former member of the Mortgage Bankers Association of Metropolitan Washington Board of Trustees
  • Former chairman of the MBA's State Legislative and Regulatory Committee, Former chairman of the MBA's Regulatory Compliance Committee's Internet Lending Subcommittee
  • District of Columbia Bar Association
  • Maryland Bar Association