Richik Sarkar

In March 2012, the Obama Administration announced its Big Data Research and Development Initiative. The program involves a total of over $200 million in new commitments from several departments and agencies to improve the…more

Dismissal for failure to state a claim, Civ.R. 12 (B)(6), of Cleveland's action for public nuisance and Ohio RICO against financial institutions involved in the creation of mortgage-backed securities using subprime mortgages and…more

Financial services firms now routinely contract outside companies to market new services that these institutions did not develop internally, such as investment and insurance options. More than ever, third parties are performing…more

An analysis of how to avoid and/or contain potential fair lending liability when acquiring a bank. Written by Frances Floriano Goins, Richik Sarkar, and Gregory Stein…more

A practical guide to CFPB investigations and adjudications. Available through Bloomberg BNA's Banking Report…more

"The Art of the New War - A Guide to Handling CFPB Examinations, Investigations, and Enforcement Actions" is practical guidance for institutions governed by the Consumer Financial Protection Bureau on how to handle examinations,…more

A practical narrative describing the steps involved in the CFPB investigation and adjudication process…more

The Competitive Enterprise Institute (CEI), one of the organizations that filed briefs supporting the recent challenge to the Affordable Care Act, has now brought a constitutional challenge seeking to block two major President…more

Adhering to the exact wording of the Real Estate Settlement Procedures Act (“RESPA”), the U.S. Supreme Court held in a rare, unanimous decision that a violation of Section 8(b) of RESPA does not apply unless a charge…more

Freeman, et al. v. Quicken Loans, Inc.: Supreme Court Declines To Expand Consumer Protections Beyond Congress’ Exact Words. The Freeman decision demonstrates that administrative agencies cannot expand federal consumer…more

A CLE presentation covering the common claims and defenses asserted in MBS litigation and recent litigation and regulatory trends…more

This article covers that following topics: A review of the current the regulatory structure (including the the Consumer Financial Protection Bureau). A primer on discriminatory and predatory lending…more

Consumer Financial Protection Bureau Launches Supervision Program for Nonbanks On January 5, 2012, the United States Consumer Financial Protection Bureau (CFPB) officially began the first federal nonbank supervision program…more

On October 14, 2011, the Consumer Financial Protection Bureau (“CFPB”) issued its Supervision and Examination Manual – Version 1.0 (“the Manual”). It provides the first insight into the procedures…more

In House Counsel and the AC Privilege-- Adhering to the Lawyer's Creed and Aspirational Ideals While Wearing "Two Hats" An Ohio Approved Professionalism CLE Covering the following topics: Your Two Clients: Distinguishing…more