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Another Aggressive CFPB Position Leads to Rebuke by Court of Appeals

USA - April 25 2017 Dealing the Consumer Financial Protection Bureau ("CFPB" or "Bureau") another setback, on April 21, 2017, the DC Circuit Court of Appeals ("DC…

Ori Lev

Military Lending Act and Servicemembers Civil Relief Act: Important Updates

USA - January 26 2018 In December 2017, the U.S. Department of Defense ("DoD") issued updated interpretive guidance on the Military Lending Act ("MLA"), and President Trump…

Stephanie C. Robinson

CFPB: Profit Motive of Loan Purchaser Is Element of Novel “Abusive” Claim

USA - September 20 2017 A desire to make a profit by purchasing high-risk student loans is abusive according to a recent filing by the Consumer Financial Protection Bureau…

Kris D. Kully, Laurence E. Platt, Tori K. Shinohara

Whose Data Is It? CFPB Releases Consumer Protection Principles for Consumer-Authorized Financial Data Sharing and Aggregation

USA - November 2 2017 On October 18, 2017, the Consumer Financial Protection Bureau ("CFPB" or "Bureau") released guidance that is intended to provide the Bureau's "vision…

David L. Beam, Matthew Bisanz, Kendall C. Burman, Rajesh De, Jonathan D. Jaffe, Stephen Lilley, Jeffrey P. Taft

CFPB Suffers First Loss After Seila Law

USA - April 1 2021 One of the great ironies of the Supreme Court’s decision in Seila Law v. CFPB, in which the Supreme Court held that the Consumer Financial Protection…

Ori Lev