News & Analysis as of

Attorney General Consumer Financial Protection Bureau (CFPB) Enforcement Actions

Vinson & Elkins LLP

What You Need To Know About White-Collar Criminal Enforcement Under The Biden Administration

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A new sheriff is in town — and that means the potential for big changes ahead for white-collar criminal enforcement in terms of specific areas of focus and volume of investigations...more

Cozen O'Connor

EU Kills Privacy Shield | Honesty In Telecom Advertising | Big False Claims Act Settlements

Cozen O'Connor on

2020 AG Elections- Indiana GOP Chooses AG Candidate for 2020; Virginia Looks Ahead to 2021- •Todd Rokita, former Indiana Secretary of State and U.S. Congressman, has won the Republican nomination for Indiana AG over...more

Skadden, Arps, Slate, Meagher & Flom LLP

Skadden's 2020 Insights

Despite political and economic uncertainties, markets and deal activity were resilient in 2019, and strong fundamentals remain in place heading into 2020. Companies continue to face a challenging litigation and enforcement...more

Manatt, Phelps & Phillips, LLP

State AGs Continue to Supplant Weakened CFPB on Enforcement

No CFPB, no problem? State attorneys general continue to move aggressively, as shown by the Illinois action against a “pension sale” installment lender, plus a notable settlement in New Mexico with the major card networks....more

Ballard Spahr LLP

CFPB to look to state AGs for more leadership in enforcement arena

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In remarks yesterday at the winter meeting of the National Association of Attorneys General in Washington, D.C., Mick Mulvaney indicated that the CFPB will be looking to state attorneys general for “much more collaboration...more

Goodwin

NY AG Moves to Compel Debt Collector to Respond to Discovery Requests

Goodwin on

On January 17, the New York Attorney General (AG) filed a motion to compel a debt collection company and its owner to produce financial documents, business records, and other documents in a lawsuit alleging that the...more

Foley & Lardner LLP

State AGs and FTC Combine Forces for Consumer Protection

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A dozen bipartisan State Attorneys General and the Federal Trade Commission (FTC) recently instigated a medieval siege dubbed “Operation Game of Loans” against alleged student loan relief scams. This coordinated nationwide...more

Maynard Nexsen

Update on The CFPB’s Enforcement Case against Ocwen Financial Corporation

Maynard Nexsen on

Ocwen Financial Corporation (Ocwen) is one of the country’s largest nonbank mortgage loan servicers, and it has had its hands full the last six months. On April 20, the Consumer Financial Protection Bureau (CFPB) filed an...more

Manatt, Phelps & Phillips, LLP

State AGs Again Target Abuses Against Student Borrowers, Military

Demonstrating the continuing enforcement activity by state attorneys general with respect to student lending and active servicemembers, the AGs in Massachusetts and New York recently obtained consent orders from,...more

Ballard Spahr LLP

CFPB/NY AG lawsuit against RD Legal Funding may signal greater scrutiny of non-loan financial products such as merchant cash...

Ballard Spahr LLP on

The CFPB and the New York Attorney General this week filed an action against RD Legal Funding, LLC, two of its affiliates, and their principal (collectively, “RD”), alleging that a litigation settlement advance product...more

Ballard Spahr LLP

State AGs seek to intervene in CFPB enforcement action to modify settlement terms

Ballard Spahr LLP on

The Attorneys General for the states of Connecticut, Indiana, Kansas, and Vermont recently took the unusual step of filing a joint motion to intervene to modify the settlement terms of a CFPB enforcement action....more

Ballard Spahr LLP

CFPB post-election changes could increase state enforcement activity

Ballard Spahr LLP on

Since last Tuesday’s election, there has been much discussion of how expected changes under a Trump Administration are likely to reduce the CFPB’s impact, particularly in the enforcement arena. Little attention, however, has...more

Goodwin

CFPB and NY AG File Joint Lawsuit Against Debt Collectors

Goodwin on

On November 2, the Consumer Financial Protection Bureau (CFPB) and New York Attorney General (AG) announced the filing of a complaint in the United States District Court for the Western District of New York against...more

Manatt, Phelps & Phillips, LLP

CFPB Brings Another Auto Lender Action, This Time for $48M

Why it matters - Continuing its focus on the auto lending industry, the Consumer Financial Protection Bureau (CFPB) ordered Westlake Services LLC and subsidiary Wilshire Consumer Credit LLC to pay roughly $48 million for...more

Williams Mullen

State AGs and Regulators Step Up UDAAP Enforcement

Williams Mullen on

Dodd-Frank created the Consumer Financial Protection Bureau (“CFPB”) and granted that federal agency significant powers to regulate financial institutions. But Dodd-Frank also empowers state regulators to enforce the new...more

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