Maximizing Insurance Coverage For CFPB Investigations

Law360, New York (May 29, 2013, 12:11 PM EDT) -- Many companies and individuals who are facing investigations or subsequent enforcement actions by the Consumer Financial Protection Bureau will be forced to incur substantial sums to defend such claims, to settle such claims and/or to pay any judgments. In many cases, companies and individuals may have insurance coverage to pay for such costs, such as directors and officers liability insurance and errors and omissions liability insurance. The availability of coverage will turn on the specific contract language in any insurance policy and the specific nature of the...
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