With more than 20 years of regulatory legal experience spanning senior government roles, private practice, and executive leadership positions in the financial services industry, Mr. Selden brings deep subject-matter experience and practical business insight to clients navigating an increasingly complex regulatory environment.
Mr. Selden's practice encompasses advising clients on a broad spectrum of issues, including entity formation, new loan programs, technology development, mergers and acquisitions, securities, tax, intellectual property, licensing, compliance, vendor arrangements, transactions, enforcement, and risk management. He assists clients involved in all aspects of consumer and mortgage loan operations, including marketing and advertising, brokering, origination, settlement and closing, servicing, and secondary market transactions. His clients include banks, non-bank lenders, credit unions, investors, fintech firms, financial services companies, settlement service providers, home builders, insurers, appraisal management companies, lead generators, and outsourced service providers, as well as private and quasi-agency participants and ancillary service providers.
As a founding member of the Consumer Financial Protection Bureau (CFPB), Mr. Selden was instrumental in developing key Dodd-Frank Act Title XIV rules. During his tenure in the Office of Regulations at the CFPB, he played a central role in shaping critical consumer finance regulations. He contributed to the development, drafting, and implementation of major rulemakings, including the TILA-RESPA Integrated Disclosure (TRID), Loan Originator Compensation Rule (LOCR), Home Equity Line of Credit (HELOC), Ability-to-Repay/Qualified Mortgage (ATR-QM), and Home Ownership and Equity Protection Act (HOEPA) rules. In addition to regulatory drafting, Mr. Selden served as the CFPB team lead handling inquiries from industry stakeholders, consumer advocacy groups, and Congress on legal interpretations of the Truth in Lending Act (TILA) mortgage rules, the Fair Debt Collection Practices Act (FDCPA), and the Privacy of Consumer Financial Information rule (Regulation P). He also was a senior advisor on the Real Estate Settlement Procedures Act (RESPA) Section 8 policy team, providing guidance on complex compliance issues and policy interpretation.
Mr. Selden is also highly knowledgeable in the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), Unfair, Deceptive, or Abusive Acts or Practices (UDAAP), Home Mortgage Disclosure Act (HMDA), Equal Credit Opportunity Act (ECOA), Fair Housing Act (FHA), Fair Credit Reporting Act (FCRA), Fair and Accurate Credit Transactions Act (FACTA), Gramm-Leach-Bliley Act (GLBA), Anti-Money Laundering (AML), Bank Secrecy Act (BSA), Electronic Signatures in Global and National Commerce Act (ESIGN), the Bank Holding Company Act (BHCA), federal preemption, and related state law matters.
Before joining Baker Donelson's Financial Services Litigation and Compliance Group, Mr. Selden co-founded and co-led a boutique regulatory firm serving mortgage, fintech, investor, and consumer finance clients nationwide. Earlier in his career, he served as a managing director and head of regulation and compliance for a mortgage technology and fulfillment services provider, where he oversaw all legal, regulatory, compliance, quality control, and risk matters. His government experience also includes serving as an attorney-adviser at the U.S. Department of the Treasury on the CFPB implementation team.
Mr. Selden is frequently sought by industry associations and leading trade and media outlets for market insight, including The Wall Street Journal, The New York Times, American Banker, Bloomberg BNA, Bloomberg Law, Inside Mortgage Finance, HousingWire, Home Equity Lending News, Compliance Week, the Mortgage Bankers Association, and the American Bankers Association, among others.