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.
