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John R. Coleman profiled in The National Law Journal article, “Buckley taps Consumer Financial Protection Bureau deputy general counsel”
John Coleman was profiled in The National Law Journal article, “Buckley taps Consumer Financial Protection Bureau deputy general counsel,” which covered his move from the CFPB to join Buckley. He noted, “Here at Buckley, I am now part of a team of people who bring world-class expertise and...
In The NewsJohn R. Coleman profiled in Law360 article, “Former senior CFPB official joins Buckley in DC”
In the Law360 article, “Former senior CFPB official joins Buckley in DC,” new Buckley Partner and former CFPB Deputy General Counsel John Coleman noted a couple themes that “jump out” regarding Acting CFPB Director Rohit Chopra. “One is that he's aggressive. Two is he's concerned with what I'd call...
In The NewsJonice Gray Tucker quoted in Inside Mortgage Finance article, “Attorneys warn of more redlining actions under Biden”
Two federal agencies recently took coordinated action against a mortgage lender for engaging in redlining, prompting compliance attorneys to warn that there could be an uptick in regulatory enforcement under the Biden administration. “I anticipate significant and perhaps escalated activity in this...
In The NewsBenjamin W. Hutten quoted in American Banker article, "Will AML rules be extended to crypto?”
In the American Banker article, “Will AML rules be extended to crypto?” Ben Hutten noted that "Congress has viewed cryptocurrency as a gap in the protection of the U.S. financial system from illicit funds. The nature of illicit finance is that when one area becomes more heavily regulated, illicit...
In The NewsJeffrey P. Naimon quoted in National Mortgage News article, “FDIC proposes new insurance calculations for servicing advances”
Jeff Naimon was quoted in the National Mortgage News article, “FDIC proposes new insurance calculations for servicing advances,” regarding the agency’s plan to add principal and interest funds advanced by a servicer to borrower coverage calculations. Naimon offered that it will “be a source of...
In The NewsBenjamin W. Hutten quoted in ACAMS article, “FinCEN’s ‘no-action letters’ face hurdles"
Benjamin W. Hutten was quoted in the ACAMS article, “FinCEN’s ‘no-action letters’ face hurdles,” which discussed how limited resources and bureaucracy could delay the Financial Crimes Enforcement Network’s development of a new regulatory-relief program. Institutions can seek the agency’s...
In The NewsJeffrey P. Naimon quoted in American Banker article, “Harsher rules, more enforcement: What to expect from Chopra's CFPB”
Jeffrey P. Naimon was quoted in the American Banker article, “Harsher rules, more enforcement: What to expect from Chopra's CFPB,” which discussed what the Consumer Financial Protection Bureau will look like under the bureau’s new Director Rohit Chopra, as well as what Acting Director Dave Uejio...
In The NewsJeffrey P. Naimon quoted in American Banker article, “Can banks allay concerns about emerging student loan product?”
The American Banker article, “Can banks allay concerns about emerging student loan product?” discussed the conflicting views surrounding banks’ involvements in income-share agreements. Naimon noted that funding income-share agreements could help the product mature and improve compliance with...
In The NewsJeffrey P. Naimon quoted in American Banker article, “Banking regulators expected to advance Biden agenda despite 'acting' tag”
The American Banker article, “Banking regulators expected to advance Biden agenda despite 'acting' tag,” discussed the many vacancies at financial regulatory agencies and whether it prevents the Biden administration from advancing its policy agenda. Naimon noted, “The officials appointed as acting...
In The NewsJeffrey P. Naimon quoted in S&P Global Market Intelligence article, “Lenders see new CFPB foreclosure rule as win-win”
Jeffrey P. Naimon was quoted in the S&P Global Market Intelligence article, “Lenders see new CFPB foreclosure rule as win-win,” which discussed how lenders are praising the new CFPB guidance giving millions of homeowners added protections against foreclosure. Naimon noted some challenges: “I'm...
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