People

Joseph ("Jed") E. Mayk
Partner
610.430.1818    
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Pennsylvania
21 South Church Street
First Floor Suite
West Chester, PA 19382
610.430.1818
Fax: 410.684.2001
Professional Experience

Jed is a partner in the Pennsylvania office. His practice focuses on state and federal consumer finance regulatory compliance for banks and non-bank consumer credit providers, with a particular emphasis on mortgage lending and servicing. He also advises clients on credit reporting, debt collection, unfair trade practice, privacy and data security, and electronic commerce laws and regulations. Jed is a co-author of the RESPA/TIL Integrated Disclosures chapter of The Law of Truth in Lending.

Previously, Jed was a Shareholder with Stevens & Lee PC's Corporate, Finance and Capital Markets Group and was Of Counsel to Blank Rome, LLP's Consumer Financial Services/Retail Banking Group.

Jed was First Vice President of MBNA America Bank, N.A. and was responsible for advising the bank on all aspects of its mortgage lending operations, including regulatory compliance and the negotiation of mortgage loan sale/purchase agreements, subservicing agreements and outsourcing agreements.

Jed is a Fellow of the American College of Consumer Financial Services Lawyers. He is the Former Chair of the Consumer Law Committee of the Pennsylvania Bar Association and is a member of the Consumer Financial Services Committee of the American Bar Association's Business Law Section. He is also a member of the Legal and Regulatory Compliance Committee of the Mortgage Bankers Association.

Jed received his law degree with honors in 1993 from Rutgers School of Law-Camden where he was Notes and Casenotes Editor of Rutgers Law Journal. He holds a Bachelor of Arts, summa cum laude, in International Relations from St. Joseph's University.

Jed is admitted to practice in Pennsylvania and New Jersey.

Education

Rutgers School of Law-Camden, Juris Doctor, with Honors, 1993; Notes and Casenotes Editor, Rutgers Law Journal (1992-1993).

St. Joseph's University, B.A. in International Relations, summa cum laude, 1990.

Professional Memberships and Activities

Admitted to practice in Pennsylvania and New Jersey (1993).

Fellow, American College of Consumer Financial Services Lawyers.

Former Chair of the Consumer Law Committee of the Pennsylvania Bar Association.

Member of the Consumer Financial Services Committee of the American Bar Association's Business Law Section.

Member of the Legal and Regulatory Compliance Committee of the Mortgage Bankers Association.

Speeches and Publications

Author of the following:

The RESPA/TIL Integrated Disclosures, Chapter 17, The Law of Truth in Lending (2015 Supplement)

New Federal Regulations Impose Anti-Money Laundering and Suspicious Activity Reporting Requirements on Non-Bank Mortgage Lenders and Brokers, Financial Fraud Law Report. Vol. 4, No. 6 (June 2012)

Mortgage Disclosure Improvement Act, The Review of Banking and Financial Services(September, 2009)

Regulation Z Amendments Impose New Requirements (and Potential Liabilities) on Lenders, Brokers and Servicers, Real Estate Finance (April, 2009)

Eyes of the World Planted Firmly on Servicing, Servicing Management (November, 2007)

Subprime Lending Lessons from the Ameriquest Settlement, Real Estate Finance (February, 2007)

The Pennsylvania Human Relations Commission: Lenders and Brokers, Meet Your New Regulator, The Real Estate Finance Journal (Fall, 2006)

Banking Agencies Propose Guidance on Non-Traditional Mortgage Products, paBanker (March/April 2006)

The Private Mortgage Insurance Law - An Answer with More Questions?, 53 Consumer Fin. L.Q. Rep. 168 (1999)

Selected speaking engagements include:

Residential Mortgages, Pennsylvania Bar Institute Consumer Financial Services and Banking Law Update, Philadelphia, PA (October 18, 2016)

Ins and Outs of Compliant Marketing, Calyx Software Ascend 16 Conference, New Orleans, LA (October 7, 2016)

Developments in Loan Originator Compensation and Fair Labor Standards Act, Mortgage Bankers Association Regulatory Compliance Conference, Washington, D.C. (September 19, 2016)

Know Before You Owe (TRID) Liability, Mortgage Bankers Association Webinar (June 14, 2016)

KBYO/TRID Liability, Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference, Denver, CO (May 3, 2016)

TRID Implementation Issues, Hudson Cook 2016 Consumer Financial Services Conference, Baltimore, MD (April 11, 2016)

Trends in Mortgage Enforcement - The Year Ahead and How to Prepare, Hudson Cook Webinar (March, 16, 2016)

Is It TILA or RESPA? Liability and Enforcement Issues Under the New TILA-RESPA Integrated Disclosures Rule, D+H 2015 Network of State and Federal Counsel Conference, Washington, D.C. (October 21, 2015)

Loan Originator Compensation Update, Mortgage Bankers Association Regulatory Compliance Conference, Washington, D.C. (September 22, 2015)

TILA-RESPA Integrated Disclosure Rule, Hudson Cook 2015 Consumer Financial Services Conference, Baltimore, MD (June 15, 2015)

ATR/QM: Lessons Learned, 2015 Ellie Mae Encompass Experience Conference, Orlando, FL (February 24, 2015)

RESPA/TILA Integration of Disclosures, 6th Annual Northeast Conference of Mortgage Brokers, Atlantic City, NJ (October 15, 2014)

January CFPB Rules, Mortgage Bankers Association Regulatory Compliance Conference, Washington, D.C. (September 29, 2014)

Loan Originator Compensation Rule and Fair Labor Standards, Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference, San Diego, CA (May 6, 2014)

Alphabet Soup of Federal Laws: HMDA and FCRA, Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference, San Diego, CA (May 4, 2014)

Mortgage Rules Update, Massachusetts Bankers Association Meeting, Westborough, MA (November 19, 2013)

Important Developments at the Consumer Financial Protection Bureau - Mortgage Regulation, Pennsylvania Bar Institute Banking and Consumer Financial Services Law Update, Philadelphia, PA (October 23, 2013)

ATR/QM Rule, Trans Union Credit Union Advisory Board Webinar (October 23, 2013)

Through the Regulatory Looking Glass: Part 2: Preparing for 2014, 2013 Ellie Mae Encompass Experience Conference, Las Vegas, NV (October 15, 2013)

Loan Originator Compensation Rule: How to Comply, Mortgage Bankers Association Regulatory Compliance Conference, Washington, D.C. (September 30, 2013)

Deep Dive Workshop 1:CFPB Loan Originator Compensation Rule, Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference, Boca Raton, FL (May 19, 2013)

New CFPB Loan Originator Compensation Rule and Other LO Requirements, Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference, Boca Raton, FL (May 21, 2013)

Mortgage Lending Developments, Hudson Cook 2013 Consumer Financial Services Conference, Annapolis, MD (May 6, 2013)

The Changing Landscape of Mortgage Lending and Servicing, Hudson Cook 2013 Consumer Financial Services Conference, Annapolis, MD (May 6, 2013)

HOEPA's Expanded Reach: "High-Cost Mortgages," American Bankers Association Telephone Briefing Series (February 26, 2013)

Ability to Repay, The Dodd-Frank Webinar Series Hosted by October Research Corporation (February 14, 2013)

Instructor, AllRegs School of Servicing Compliance, Herndon, VA (October 12, 2012)

Loan Originator Compensation - Now and ...?, Mortgage Bankers Association Regulatory Compliance Conference, Washington, D.C. (October 1, 2012)

Current Compliance Issues in Mortgage Origination, American Bankers Association Regulatory Compliance Conference, Orlando, FL (June 10, 2012)

Implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference, Palm Springs, CA (May 20, 2012)

Regulatory Update, Mortgage Bankers Association of Greater Philadelphia, Plymouth Meeting, PA (March 20, 2012)

Regulatory Update, Mortgage Bankers Association of Pennsylvania Keystone Conference, Gettysburg, PA, October 4, 2011

Preemption and CFPB Developments, American Conference Institute's 7th National Forum on Residential Mortgage Litigation and Regulatory Enforcement, Dallas, TX (September 20, 2011)

New Challenges in Loan Originator Compensation Requirements, Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference, Boca Raton, FL (May 15-18, 2011)

Unfair, Deceptive and Abusive Practices and the Bureau of Consumer Financial Protection, American Conference Institute Forum on Regulatory Compliance and Risk Management for Financial Services, New York, NY (May 5, 2011)

Loan Originator Compensation: The Fed v. Dodd-Frank, The Dodd-Frank Webinar Series hosted by October Research Corporation (February 23, 2011)

Loan Originator Compensation LIVE Online Workshop, Mortgage Bankers Association Campus MBA Webinar (January 20, 2011)

Regulatory Compliance in 2011: A Review of Recent Legislation, AllRegs Academy Webinar (December 17, 2010)

Lender Guidelines for Brokers Originating FHA Loans, Mortgage Bankers Association of Pennsylvania Keystone Conference, Gettysburg, PA (November 10, 2010)

Exploring FACTA and FCRA's Impact on Mortgage Lending -- Incorporating Identity Theft Provisions, AllRegs Academy Webinar (November 4, 2010)

The Dodd-Frank Legislation -- What Does It Mean for Community Banks?, Pennsylvania Bankers Association Seminars, Johnstown (September 8, 2010) and Moosic (October 5, 2010)

Changed Circumstances: Understanding the New GFE Rules, October Research Webinar (May 18, 2011)

New GLBA Model Privacy Notice, Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference, Coronado, CA (May 2-5, 2010)

FACTA Anti-Identity Theft Provisions, Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference, Coronado, CA (May 2-5, 2010)

RESPA GFE Deep Dive Workshop, Mortgage Bankers Association Campus MBA Webinar (April 8, 2010)

The New RESPA Rule is Here: Implementation Challenges for Mortgage Originators, RESPRO Annual Conference, Las Vegas, NV (March 8, 2010)

The Top RESPA Challenges for Diversified Real Estate Brokers -- And How to Overcome Them, RESPRO Annual Conference, Las Vegas, NV (March 8, 2010)

RESPA: What You Need to Know, AllRegs Webinar (February 26, 2010)

RESPA Ready 2010, Mortgage Bankers Association seminars, Irvine (December 2, 2009), Philadelphia (December 11, 2009 ), Washington, D.C. (February 4, 2010)

Quick Guide to the Alphabet Soup: Federal Laws, Mortgage Bankers Association Regulatory Compliance Conference, Washington, D.C. (September 14, 2009)

Organizing Your Compliance Operations to Deal with HOEPA and with new Higher-Priced Mortgage Loans, American Bankers Association Mortgage Markets Committee telephone seminar (September 2, 2009)

Changes to TILA Requirements Under the Mortgage Disclosure Improvement Act, Mortgage Bankers Association Campus MBA telephone seminar (June 30, 2009)

The New Mortgage Transaction: Mid-Course Check-Up, American Bankers Association Regulatory Compliance Conference, Orlando, FL (June 7&8, 2009)

The FACTA Affiliate Marketing Rule: Tips for Ensuring Your Marketing Programs Remain Compliant, RESPRO Fall Conference, New Orleans, LA (November 6, 2008)

Litigation Arising Out of the Subprime Mortgage Meltdown, Pennsylvania Bar Institute Banking and Consumer Financial Services Law Update, Philadelphia, PA (December 13, 2007)

The RESPA Rules for Marketing Agreements and Work Share Arrangements, RESPRO Fall Seminar, Las Vegas, NV (November 6, 2007)

Mitigating Third-Party Risk for Mortgage Lenders, Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference, New Orleans, LA (May 9, 2007)

Legal Responsibilities Regarding Credit Information, Security and Privacy, Federation of Credit and Financial Professionals Forum, Philadelphia, PA (April 17, 2007)

Consumer Law Update, Pennsylvania Bar Association Business Lawyers' Institute, Philadelphia, PA (November 1, 2006)

Non-traditional Mortgage Products, Abusive Lending Protections, and Licensing, Mortgage Bankers Association Regulatory Compliance Conference, Washington, D.C. (September 7, 2006)

RESPA - Avoiding the Pitfalls, Shesunoff Information Services/A.S. Pratt & Sons telephone seminar (April 26, 2006)