Consumer finance companies face regulatory compliance, consumer rights, and other operational challenges in building successful businesses. The attorneys in our Consumer Finance industry group support and protect these clients in litigation, compliance, enforcement, and corporate matters.
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Publications
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2022
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06.01.2021Eleventh Circuit FDCPA Decision Could Dramatically Affect Mortgage Servicers' OperationsUpdatesThe U.S. Court of Appeals for the Eleventh Circuit recently upheld a lower court’s decision in Hunstein v. Preferred Collection and Management Services, Inc., 994 F.3d 1341 (11th. Cir. 2021).
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2021Consumer Finance Law – COVID-19 Year in ReviewLawyer PublicationsIn this report, Perkins Coie offers an analysis of the past year’s most noteworthy regulatory developments and litigation outcomes in the mortgage lending and servicing industry.
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07.13.2020Oregon COVID-19-Related Borrower Protections Signed Into LawUpdatesOregon Governor Kate Brown signed House Bill 4204 (HB 4204) into law on June 20, 2020.
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06.10.2020Maintaining an Effective Compliance Program When Working RemotelyUpdatesAs countries around the world overcome the first wave of coronavirus infections, one thing is becoming apparent: Remote working will almost certainly become a permanent fixture of modern life for many.
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2018Consumer Lending 2018 Market ReportLawyer PublicationsThis March 2018 Consumer Lending Report outlines the latest trends in the mortgage originations, delinquencies, and foreclosures as well as recent developments in federal policies and regulations.
Presentations
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10.21.2021 - 10.22.2021Consumer Finance General Counsel RoundtableSpeaking EngagementsConsumer Finance General Counsel Forum / Dallas, TXThis premier event brought together the Consumer Finance General Counsel Forum, including general counsel and chief compliance officers from mortgage lenders and servicers, and other consumer lenders, discussing the latest trends in the consumer finance industry.
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11.17.2020 - 11.18.202027th National Forum on Residential Mortgage Regulatory Enforcement & LitigationSpeaking EngagementsAmerican Conference Institute / Virtual
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09.22.2020 - 09.23.202032nd Advanced Forum on Consumer Finance Class Actions, Litigation & Government Enforcement ActionsSpeaking EngagementsAmerican Conference Institute / Virtual
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06.04.2020Enforcement and the Coronavirus Stimulus-Lessons and Predictions from TARP InsidersWebinarsThis webinar addressed lessons learned from the government investigations that followed the 2008 financial crisis, and what those lessons can teach us in the wake of recently passed COVID-19 stimulus legislation.
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01.14.2020
Blog
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The Consumer Financial Protection Bureau has survived many constitutional challenges since it was created by the Consumer Financial Protection Act, 12 U.S.C. §§ 5481, et seq. (the “Act”), in 2011.[1] But on October 19, 2022, the CFPB suffered a setback in the wake of the Fifth Circuit’s decision in Community Financial Services Association of America,... Continue Reading…
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CFPB’s May 2022 Mortgage Servicers Metrics Report
On May 16, 2022, the Consumer Financial Protection Bureau (CFPB) published its second metrics report as part of its ongoing supervisory monitoring of mortgage servicers’ COVID-19 pandemic response. The data collected is part of the Bureau’s metrics requests to sixteen servicers representing “a broad cross-section of the mortgage servicing industry.” The first report, published in... Continue Reading…
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The CFPB Expands Its Oversight of Nonbank Entities
With the rapid rise of nonbank financial product and service companies in an everchanging marketplace, there is growing concern that nonbanks will evade federal oversight. To keep pace with these changes, the Consumer Financial Protection Bureau (CFPB) announced that it will expand its oversight of nonbank entities, including nonbanks that brand themselves as “fintechs.” CFPB... Continue Reading…
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CFPB Announces Expanded Anti-Discrimination Efforts Through UDAAP
Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra warned consumer finance companies that he will be expanding the bureau’s anti-discrimination efforts “to combat discriminatory practices across the board in consumer finance.” Under the Dodd-Frank Act, it is unlawful for providers of consumer financial products or services to engage in any unfair, deceptive, or abusive act... Continue Reading…
