Special Alert: Cross-Border Data Transfers Significantly Impacted by EU Court Decision Invalidating Adequacy of U.S.- EU Data Protection Safe Harbor Framework
On October 6, 2015, the Court of Justice of the European Union (CJEU) in Schrems v. Data Protection Commissioner (“Schrems”) declared “invalid” a decision of the European Commission that the United States-European Union Safe Harbor framework (Safe Harbor) provides adequate protection for personal...Articles
Matthew Previn was quoted in Evan Weinberger's Law360 article, "Coming CFPB Arbitration Rules Face Multiple Legal Fights," on October 7, 2015. The CFPB on Wednesday unveiled a proposal on how it intends to restrict mandatory arbitration clauses on consumer financial contracts by barring class...In The News
With recent changes in the regulations implementing the Military Lending Act (“MLA”), creditors are now reevaluating their compliance plans to ensure they are prepared for the new regulations. Although there is no formal guidance on what federal regulators will look for in reviewing MLA compliance...Articles
Valerie Hletko Quoted in Bloomberg BNA Article, "Justices Weigh Potential for Bias Claims By Guarantors Under Equal Credit Law"
Valerie Hletko was quoted in Chris Bruce's Bloomberh BNA article, "Justices Weigh Potential for Bias Claims By Guarantors Under Equal Credit Law," on October 6, 2015. The U.S. Supreme Court Oct. 5 heard arguments on whether a loan guarantor may allege marital-status discrimination as an ‘...In The News
Tom Sporkin Quoted in Wall Street Journal Article, "The Morning Risk Report: SEC Carried the Load in Recent FCPA Cases"
Tom Sporkin was quoted in Stephen Dockery's Wall Street Journal article, "The Morning Risk Report: SEC Carried the Load in Recent FCPA Cases," on October 5, 2015. While enforcement may be trending one direction now, winds may change. “Recent FCPA cases don’t point to a trend in type of case or...In The News
Buckley Sandler Files Amicus Curiae Brief on Behalf of Industry Group in RESPA Case; Marks First Appeal Against CFPB Director Decision
On October 5, 2015, Buckley Sandler attorneys filed an amicus curiae brief on behalf of the Consumer Mortgage Coalition (CMC) in the first case to come up on appeal to the District of Columbia Circuit since the CFPB was founded in 2011. In the CMC’s brief, Buckley Sandler attorneys argued that the...Press Releases
Jeremiah Buckley Featured as Spotlight Member in September 2015 ABA Consumer Financial Services Committee Newsletter
Jerry Buckley was featured as a Spotlight Member in the September issue of the ABA’s Consumer Financial Services Committee newsletter. Titled “Jeremiah S. Buckley: From Participating in the Birth of Consumer Financial Services Laws to Shaping the Future of the Industry,” and written by former...In The News
Ben Olson Quoted in American Banker Article, "New CFPB Mortgage Reg Lets Borrowers Sue Lenders Over Vendor Lists"
Ben Olson was quoted in Brad Finkelstein's American Banker article, "New CFPB Mortgage Reg Lets Borrowers Sue Lenders Over Vendor Lists," on September 25, 2015. Lenders that allow borrowers to shop for third-party settlement services will face new liability under the Consumer Financial Protection...In The News
Tom Sporkin was quoted in Stephen Dockery's Wall Street Journal article, "SEC Gets Big Break in Macedonia Corruption Case," on Monday, September 21, 2015. Lawyers involved with the case have billed the action as the SEC’s best shot at bringing an FCPA case to trial for the first time in recent...In The News