How To Respond When CFPB Comes Knocking

Law360, New York (October 5, 2016, 9:20 AM EDT) -- Anthony E. DiResta

Anthony J. Palermo The Consumer Financial Protection Bureau has been flexing its law enforcement muscle with vigor since it came on the scene five years ago. It has obtained noteworthy consent decrees that required substantial payments in the hundreds of millions of dollars as well as major changes in business practices. The follow-up obligations in these consents are demanding, and they cause major public relations headaches and attract close attention from the plaintiffs bar and other law enforcement officials, such as the attorneys general. Given the high stakes involved, companies and their counsel need to know how to...

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