A federal judge has rejected the CFPB’s argument that the CFPA should incorporate a lower standard for “recklessness” than that to secondary liability under the Securities and Exchange Act of 1934 (“SEC Act”). On September 1,...more
9/9/2015
/ Aiding and Abetting ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collectors ,
Dodd-Frank ,
Fraud ,
Negligence ,
Payment Processors ,
Proximate Cause ,
Recklessness ,
Scienter ,
Securities Exchange Act ,
Unfair or Deceptive Trade Practices