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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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CFPB Issues Special Mortgage Servicing Report, States Intention to Use Fair Lending Laws to Target Discriminatory Loan Modification Practices

CFPB  •  Default Servicing  •  Enforcement  •  Fair Lending / Fair Servicing  •  Mortgage
On June 22, 2016, the CFPB issued a Mortgage Servicing Supervisory Highlights Special Edition Report, and concluded that mortgage servicers may be violating the servicing rules that the CFPB enacted in January 2014, as a […]

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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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The CFPB Targets Lender’s Credit Card Division With More Than $200MM In Penalties

CFPB  •  Credit Cards  •  Debt Collection  •  Enforcement  •  Enforcement Actions  •  OCC  •  State AGs  •  UDAP/UDAAP
The Consumer Financial Protection Bureau (CFPB) has set its sights on debt collection practices again.  In April, we wrote about the CFPB’s $63 million settlement with a mortgage servicer, Green Tree Mortgage, in part for Green Tree’s alleged […]

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