New Legislation Prevents Privilege Waiver When Providing Information To CFPB

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A new bill has been signed into law which prevents a waiver of attorney-client privilege when a regulated entity submits information to the CFPB.  Unlike most Federal legislation, it’s less than one page long.  We would analyze it further, but a blog post that is longer than the related legislation would be unseemly.

Check dodd-frank.com frequently for updated information on the JOBS Act, the Dodd-Frank Act and other important securities law matters.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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