Webinar: What's Happening Inside the CFPB and How It Impacts State Enforcement of Consumer Finance Laws

On Tuesday, May 8, 2018, Anthony Alexis, head of Goodwin’s Consumer Financial Services Enforcement Practice and former Assistant Director and Head of the Office of Enforcement at the Consumer Financial Protection Bureau, and Kyle Tayman, partner in Goodwin’s Consumer Financial Services Enforcement Practice, kicked off Goodwin’s State of Enforcement Series with the webinar “What’s Happening Inside the CFPB and…

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FTC and Illinois AG Settle With "Phantom" Debt Collectors For $47 Million

​On November 1, the Federal Trade Commission (FTC) and Illinois Attorney General’s Office (Illinois AG) announced (here and here) that they had reached a settlement to resolve a joint action brought against affiliated Chicago-based debt collectors that allegedly used false and misleading tactics in attempting to collect on payday or other small-dollar loans. The…

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FTC Secures Summary Judgment Over Alleged Fraudulent Mortgage Relief Scheme

On September 20, the Federal Trade Commission (FTC)  announced that the U.S. District Court for the Central District of California entered summary judgment against two law firms and two individuals for their participation in an allegedly fraudulent mortgage relief scheme. According to the FTC, the law firms misrepresented to consumers that they could obtain monetary recoveries…

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Consumer Finance 2016 Year In Review

Goodwin released its Consumer Finance 2016 Year In Review.  In the Year In Review, Goodwin synthesizes prior coverage from the LenderLaw Watch and Consumer Finance Watch blogs, covering the most significant developments from 2016 and offering some predictions on what the industry might expect in 2017 in the mortgage, credit card, student…

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Enforcement Watch Cited by Wall Street Journal

Today’s WSJ Pro Market Talk: Daily Analysis Roundup featured an article titled “3Q Enforcement Actions vs. Consumer Financial Firms Fell,” which cites data reported on by Enforcement Watch: During the July-September quarter, federal and state regulators brought 37 enforcement actions against consumer finance providers, a slower pace than the 46 cases…

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Another Mortgage Lender Settles with DOJ Over Alleged FHA Insurance Fraud

On October 19, 2016 the U.S. Attorney’s Office (USAO) announced that it had settled with a Massachusetts-based mortgage lender and its CEO for $1,025,000 to resolve allegations that the mortgage lender submitted false insurance claims on mortgages insured by the Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA).  The USAO…

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New LLW Article on DC Court of Appeals Decision in PHH v. CFPB

Click here to check out the latest article from LenderLaw Watch – DC Court of Appeals Rules CFPB Director’s “For-Cause Only” Removal Unconstitutional; Reinforces Long-Standing RESPA Interpretation.  The article analyzes yesterday’s decision by the United States Court of Appeals for the D.C. Circuit.  LenderLaw Watch previously wrote about the PHH…

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