Cfpb

Legal News Apr 13, 2016

Counsel’s Corner: DS News Interviews Benjamin Diehl – Challenge of CFPB’s Constitutionality Begins

Benjamin Diehl is a partner with Stroock, Stroock & Lavan. Diehl practices in both the Financial Services/Class Action and Government Relations Practice Groups. Diehl recently discussed with DS News the trial in the case of PHH Corp. v. CFPB and the implications of the case for the financial industry. PHH, a nonbank mortgage lender based in New Jersey, is challenging the constitutionality of the Consumer Financial Protection Bureau and Director Richard Cordray …

Legal News Apr 13, 2016

Courthouse Doors Creak Open for Clients

When clients enter their financial advisors’ offices and express frustrations about a retail bank’s mistakes or overcharges, the damages are usually too small to merit any individual legal action. “It’s $24 here and $45 there, and often there is very little you can do,” says Debra Brennan Tagg, managing director of Brennan Financial Services in Addison, Texas. But, it is expected that when the …

Lawsuits Mar 11, 2016

CFPB Invites Complaints About New Set of Lenders; Compliance Issues Hit Capital Markets

Regulators don’t like the unregulated, and in what some would term, “the CFPB inviting more into its boat to be bashed with oars,” it announced it is accepting complaints from consumers encountering problems with loans from online marketplace lenders. “The Bureau is also releasing a consumer bulletin that provides an overview of marketplace lending and outlines tips for consumers who are …