FacultyFaculty/Author Profile

Benjamin K. Olson

BuckleySandler LLP

Washington, DC, USA


Benjamin K. Olson, former Deputy Assistant Director for the Office of Regulations at the Consumer Financial Protection Bureau (CFPB), is a partner in the Washington, DC office of BuckleySandler LLP. His practice includes advising clients on the following matters:

  • Compliance with CFPB mortgage and credit card regulations, particularly the rules implementing the Dodd-Frank Act and CARD Act amendments to the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA)
  • Preparations for upcoming changes in regulations, particularly the CFPB’s final rule integrating mortgage origination disclosures under TILA and RESPA (sometimes referred to as the Bureau's TILA-RESPA Integrated Disclosure, or "TRID" rule, or the "Know Before You Owe" initiative) and the final rule amending the regulations under the Military Lending Act
  • Designing terms and disclosures for mortgage and credit card products and features, 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)
  • Examinations, investigations, and enforcement actions by the CFPB and other regulators, particularly with respect to loan originator compensation, RESPA, Section 8, and mortgage servicing

A frequent speaker at industry conferences, Mr. Olson is a recognized authority in the field of consumer financial protection regulation and brings valuable insights and broad experience on regulatory matters based on his work at the CFPB, the Board of Governors of the Federal Reserve System, and the Federal Trade Commission.

Mr. Olson was ranked as an "Up and Coming" lawyer in Financial Services Regulation (Enforcement & Investigations), with particular emphasis on his CFPB experience. Sources praised his level-headedness -- "he doesn't panic, he's just solution-oriented."

Prior to joining BuckleySandler, Mr. Olson managed over 40 regulatory attorneys and staff in 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 eight Dodd-Frank Act mortgage rulemakings, including the CFPB’s Ability-to-Repay/Qualified Mortgage rule, Mortgage Servicing rules and Loan Originator Compensation rule, as well as two amendments to the CARD Act rules. Prior to that, he led the CFPB’s TILA-RESPA Integrated Disclosure, or "TRID" Rule.

Before joining the CFPB in June 2011, Mr. Olson served as Counsel in the Regulations Branch of the Federal Reserve Board’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 CARD Act. Prior to that, Mr. Olson worked in the Federal Trade Commission'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, and at the law firm Hogan & Hartson (now Hogan Lovells).

Mr. Olson served as law clerk to the Honorable Emilio M. Garza on the United States Court of Appeals for the Fifth Circuit and attended Georgetown University Law Center and Tulane University.

Practice Areas

Education

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

Admissions

  • District of Columbia
Benjamin K. Olson is associated with the following items:
MP3 Audio  MP3 Audio What Trumps at the CFPB? Regulatory Outlook for 2017 , Monday, February 13, 2017
Audio Only On-Demand Web  Audio Only On-Demand Web What Trumps at the CFPB? Regulatory Outlook for 2017 - What Trumps at the CFPB? Regulatory Outlook for 2017, Monday, February 13, 2017
Transcripts  Transcripts What Trumps at the CFPB? Regulatory Outlook for 2017 - What Trumps at the CFPB? Regulatory Outlook for 2017, Monday, February 13, 2017
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