Financial services companies - banks, non-bank lenders and loan servicers, auto finance companies, student loan companies, debt collectors, credit card issuers, non-traditional finance companies, and other market participants - face numerous legal challenges today, including government investigations and enforcement actions, a shifting regulatory landscape, novel civil litigation theories and other litigation risks. Especially as the Consumer Financial Protection Bureau and other regulators issue guidance and promulgate new rules and regulations impacting the consumer finance industry, it is now more critical than ever that corporate counsel stay abreast of these developments and related enforcement and litigation trends in order to manage institutional risks. Recognizing this need, Goodwin's LenderLaw Watch monitors, chronicles and analyzes news and legal issues impacting our clients and the consumer finance industry.
Among the wide-range of topics LenderLaw Watch will cover are recent developments in:
  • State and federal enforcement actions
  • Consumer protection statutes and regulations
  • Consumer protection litigation
  • TILA, RESPA and other federal notice/disclosure requirements
  • Financial institution fraud, including claims under state and federal False Claims Acts and FIRREA
We welcome you to our site and encourage you to provide feedback and contact us with any questions.
Read More

Potential CFPB Reform in the Wake of the Election

CFPB  •  Enforcement  •  U.S. House  •  U.S. Senate  •  What You Need To Know - Background Info On Current Issues
The results of the recent election have led to speculation regarding what legal changes are in store for the consumer financial services industry and the CFPB in particular.  Although President-elect Trump and other Republicans have […]

View More

CFPB Considering Debt Collection Reform Proposals

CFPB  •  Debt Collection  •  FDCPA  •  Goodwin Procter News  •  Regulation  •  Regulation Primers  •  What You Need To Know - Background Info On Current Issues
*Editor’s Note:  This post originally appeared on our firm site as a client alert. Summary On July 28, the Consumer Financial Protection Bureau (the CFPB) released a summary of proposals it is considering to reform […]

View More