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ABA Fair Lending Toolbox
Buckley Sandler LLP, a nationally recognized financial services law firm, and Treliant Risk Advisors, LLC, a nationally recognized compliance, risk management and strategic advisory firm for the financial services industry, have collaborated on the development of the American Bankers Association (...
ArticlesBuckley Sandler Files Amicus Brief on Behalf of Industry Groups in Tenth Circuit TILA Case
On May 3, Buckley Sandler filed an amicus brief on behalf of three industry trade groups in a Tenth Circuit case addressing the right to rescind a mortgage under the Truth in Lending Act. The CFPB previously filed an amicus brief in Rosenfield v. HSBC Bank , No. 10-1442 (10th Cir.), in which it...
ArticlesMinifinance: CFPB Supervision of Short-Term, Small-Dollar Financial Products and Services
What acts and practices related to short-term, small-dollar (minifinance) products and services are "abusive?" Until a clearer definition emerges and the Consumer Financial Protection Board's examination and enforcement agenda plays out, Valerie L. Hletko and John P. Kromer of Buckley Sandler LLP...
ArticlesTwo Agencies and Various Industry Standards Offer Guideposts on Mobile Disclosure Requirements
Two federal agencies shed some light on how regulators may view the provision of legally required disclosures on smartphones and other mobile devices. In addition, industry standards on accessibility and mobile Web best practices have developed that will impact mobile platform design and build...
ArticlesPrepare to Fight Suits Claiming Bias in REO Maintenance
As if they didn't face enough challenges already, banks and mortgage servicers now must prepare for the threat of litigation claiming bias in the maintenance of foreclosed properties. The evidence presented so far for such claims is questionable, but the complainant has a track record of aggressive...
ArticlesBank Director Regulatory Burden Report
In response to President Obama's initiatives to identify and reduce unnecessary governmental burdens on the private sector, the American Association of Bank Directors ("AABD") initiated a review of laws, regulations, and federal banking agency regulatory guidance that direct bank boards of...
Articles2011 Anti-Corruption Activity in India
James Parkinson authored "2011 Anti-Corruption Activity in India," in The International Lawyer (ABA Section of International Law, 2011 Year-in-Review). This article will be published in Spring 2012.
ArticlesThe Consumer Financial Protection Bureau's Whistleblower Program: How It Works and What It Means for Financial Services Companies
Whistleblowers are "often the best source of information about waste, fraud, and abuse...." -President Barack Obama On December 15, 2011, the Consumer Financial Protection Bureau (Bureau or CFPB) issued a bulletin announcing its program to collect whistleblower information and law enforcement tips...
ArticlesConsumer Financial Services Law in Review: 2011's Significant Cases and Emerging Trends
The year 2011 saw an increase in civil filings in federal and state courts, fueled by the ongoing economic downtorn. Many of these cases involved consumer credit disputes, foreclosures, and contracts. Numerous decisions affecting both substantive law and procedural devices will significantly impact...
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