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Landmark Decision from California’s Supreme Court Confirms Limitation on Ability to Assert Tort Claims Against Lenders

USA - March 22 2022 A recent, important decision from California’s Supreme Court clarifies lender liability in connection with servicing loans in default and limits a…

Debra Bogo-Ernst, Michael H. Bornhorst, Krista Cooley, Bronwyn F. Pollock

CFPB Delays Mandatory Compliance with New QM Until October 2022

USA - April 28 2021 The Consumer Financial Protection Bureau is finalizing its proposal to extend until October 1, 2022 the mandatory effective date of the new Qualified…

David L. Beam, Eric J. Edwardson, Steven M. Kaplan, Kris D. Kully, Stephanie C. Robinson

Senators Booker and Brown Urge Banks Not To Charge Overdraft And NSF Fees During Pandemic

USA - April 20 2020 On April 15, 2020, Senators Corey Booker (D-NJ) and Sherrod Brown (D-OH) sent letters to numerous leading banks urging them not to charge customers…

Debra Bogo-Ernst, Thomas V. Panoff, Megan S. Webster

2018 Consumer Financial Services Highlights

USA - February 25 2019 In 2018, compliance with state and federal regulatory requirements was a fundamental component of the work of Mayer Brown's Financial Services…

Elizabeth A. Raymond, Jon D. Van Gorp, Matthew D. Ingber, Steven M. Kaplan, Laurence E. Platt

Northern District of Califonria adopts guidance for class action settlements

USA - January 2 2019 On November 1, 2018, the U.S. District Court for the Northern District of California published updated procedural guidance for class action…

Debra Bogo-Ernst, Elaine Liu, Kevin S. Ranlett