Michael Thurman

Michael Thurman

Loeb & Loeb LLP

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Justice Department and CFPB Announce $98 Million Settlement of Auto Lending Discrimination Allegations

The U.S. Department of Justice and the Consumer Financial Protection Bureau recently announced a $98 million settlement - the largest auto loan discrimination settlement to date - resulting from a nearly yearlong...more

1/13/2014 - Automotive Loans CFPB Discrimination DOJ

CFPB Issues Guidance to Businesses for Possibly Avoiding or Reducing Enforcement Liability

The Consumer Financial Protection Bureau has issued the bulletin “Responsible Business Conduct”, providing guidance to individuals and businesses within its enforcement authority on four categories of “responsible conduct”...more

7/2/2013 - CFPB DOJ Enforcement Actions Responsible Business Conduct SEC

CFPB and Justice Department Agree to Coordinate Fair Lending Enforcement Efforts

The U.S. Department of Justice and the Consumer Financial Protection Bureau have signed an agreement to coordinate fair lending enforcement efforts, including the sharing of information, joint investigations, and referrals...more

12/20/2012 - CFPB DOJ ECOA Enforcement Fair Lending HMDA

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