While the COVID-19 pandemic affected nearly every industry last year, the consumer finance industry faced unique challenges in the wake of economic changes and government response. In 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. We review the policies established by federal and state governments in response to the COVID-19 pandemic and the adjustments made by mortgage lenders and servicers in response to the new policies and regulations.

Topics include:

• Federal Regulatory Oversight
• State Regulatory Oversight
• The CARES Act
• The Paycheck Protection Program
• Convenience Fee Litigation
• State-level Litigation
• Looking Ahead

About Perkins Coie Consumer Finance Industry Group

Attorneys in Perkins Coie’s Consumer Finance industry group support and protect companies facing regulatory compliance, consumer rights, and other operational challenges in building successful businesses. We counsel our clients in litigation, compliance, enforcement, and corporate matters.

Visit Perkins Coie’s Consumer Finance Legal Report blog for the latest information and insights in the consumer finance industry.