Holding The CFPB's Feet To The Fire

By Ori Lev, Mayer Brown LLP (December 7, 2016, 12:50 PM EST) -- Claims brought by the Consumer Financial Protection Bureau alleging that a company engaged in deceptive conduct must be accompanied by specific factual allegations or face dismissal, according to a ruling by a federal judge in the Central District of California.[1] Because the Central District of California is a favorite forum of the CFPB's and allegations of deceptive conduct are a common claim brought by it, the decision may have long-term implications for how the CFPB pleads its cases, which cases it brings and where it brings them....

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