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Enforcement Consumer Financial Protection Bureau (CFPB) Civil Monetary Penalty

ArentFox Schiff

Damages Under Dodd-Frank: Federal Court Awards CFPB $59 Million in Unprecedented Penalties and Restitution Analysis

ArentFox Schiff on

So much to say, so little time. Historically groundbreaking, a federal court in Madison, Wisconsin engaged in the most robust, methodical damages analysis under the Consumer Financial Protection Act, found in Title X of the...more

Ballard Spahr LLP

GAO issues report on CFPB civil penalty fund

Ballard Spahr LLP on

The Government Accountability Office (GAO) has issued a report on the results of its review the CFPB’s Civil Penalty Fund (CPF). The review was requested by Representative Shelley Moore Capito, who chairs the House Financial...more

Foley & Lardner LLP

CFPB Expands Its Enforcement Efforts Against Payday Lending

Foley & Lardner LLP on

In November, 2013, the Consumer Financial Protection Bureau announced its first enforcement action against a payday lender. Cash America International was fined $5 million and was ordered to refund $14 million to its...more

Ballard Spahr LLP

FY 2013 financial report showcases CFPB’s growth

Ballard Spahr LLP on

Earlier this week, the CFPB released its Financial Report for fiscal year 2013. Like previous reports, the 2013 report is divided into two parts: one part contains management’s discussion and analysis and the other part...more

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