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 […]

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Consumer Financial Protection Bureau Proposes Rules Prohibiting Class-Action Waivers in Arbitration Agreements

CFPB  •  Class Actions  •  Litigation  •  What You Need To Know - Background Info On Current Issues
On May 5, 2016, the Consumer Financial Protection Bureau issued long-expected proposed rules that will drastically limit the use of pre-dispute arbitration clauses in contracts for consumer financial products and services. First, the proposed rules […]

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Federal Trade Commission Issues Report to the Consumer Financial Protection Bureau of its Enforcement of the Fair Debt Collection Practices Act

About Our Attorneys  •  CFPB  •  Debt Collection  •  Dodd-Frank  •  FDCPA
On February 12, 2016, the Federal Trade Commission (FTC) issued a report to the Consumer Financial Protection Bureau regarding its efforts to implement the Fair Debt Collection Practices Act.  The full report can be reviewed here. […]

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Tenth Circuit Bankruptcy Appellate Panel Approves Settlement Agreement with Foreclosing Lender Over Objections of the Debtor

Bankruptcy  •  Debt Collection  •  Default Servicing  •  Litigation
Often overlooked by lenders and servicers, sometimes striking a deal with the Chapter 7 Trustee in bankruptcy court, is the more prudent and cost effective approach to resolving frivolous lawsuits filed by defaulting borrowers in […]

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Hefferon Serves As Co-Chair and Panelist for ACI’s 24th National Conference on Consumer Finance Class Actions & Litigation Conference – January 26-27, 2016

About Our Attorneys  •  CFPB  •  Enforcement
Thomas Hefferon, chair of Goodwin Procter’s Consumer Financial Services Litigation Practice, will serve as a conference co-chair and speak on a panel regarding the CFPB’s increasing regulation of the consumer finance industry titled “Evaluating the […]

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Permut to Speak at ACI’s 19th National Forum on Residential Mortgage Litigation & Regulatory Enforcement in San Francisco – January 14-15, 2016

About Our Attorneys  •  Class Actions  •  Litigation
David Permut, a partner in Goodwin Procter’s Consumer Financial Services Litigation Practice will speak on the panel ” Focus on Class Actions: New Trends in Certification Motions; the Latest on Early Resolution and Settlement Strategy; […]

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