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HTMLCFPB Issues Report on Debt Collection Industry
Peter L. Cockrell, Brett M. Kitt, Gil Rudolph, J. Scott Sheehan; Greenberg Traurig, LLP;
Legal Alert/Article
April 2, 2014, previously published on March 28, 2014
On March 20th, the CFPB issued a report on the more than 30,000 consumer complaints it has received regarding the debt collection market. The CFPB started to accept debt collection complaints in July 2013 and these complaints quickly became the largest share of complaints received.

 

HTMLCFPB Reports on Servicemembers
Peter L. Cockrell, Brett M. Kitt, Gil Rudolph, J. Scott Sheehan; Greenberg Traurig, LLP;
Legal Alert/Article
March 17, 2014, previously published on March 13, 2014
On March 6th, the CFPB released its second “snapshot” report of complaints that it has received from military servicemembers, veterans and their families. The report covers more than 14,000 such complaints that the CFPB received from July 21, 2011 through February 1, 2014. During that...

 

HTMLCFPB Turns Focus on Credit Reporting Industry
Peter L. Cockrell, Brett M. Kitt, Gil Rudolph, J. Scott Sheehan; Greenberg Traurig, LLP;
Legal Alert/Article
March 4, 2014, previously published on March 3, 2014
On February 27th, Director Richard Cordray spoke at the CFPB’s Consumer Advisory Board meeting in Washington, D.C. The Consumer Advisory Board, which is composed of experts in consumer protection, financial services, community development, fair lending, civil rights, and consumer financial...

 

HTMLCFPB Sues For-Profit College
Peter L. Cockrell, Brett M. Kitt, Gil Rudolph, J. Scott Sheehan; Greenberg Traurig, LLP;
Legal Alert/Article
March 4, 2014, previously published on March 3, 2014
On February 27th, the CFPB filed suit in federal district court in Indiana against a for-profit college, alleging that the college engaged in unfair, deceptive, or abusive practices in the marketing and financing of its degrees. The CFPB is also alleging a violation of the Truth in Lending Act.

 

HTMLSecond Circuit Reinforces Tough Predatory Pricing Pleading Standards—Can Anyone Properly Plead a Predatory Pricing Claim?
Gregory J. Casas; Greenberg Traurig, LLP;
Legal Alert/Article
March 3, 2014, previously published on February 27, 2014
The Supreme Court made it clear in its well-known Twombly decision in 2007 that “liberal pleading requirements of the Federal Rules do not negate the need to plead sufficient facts so that each element of an alleged antitrust violation can be identified.” “Factual allegations...

 

HTMLThe Consumer Financial Protection Bureau (CFPB), Recent Developments: February 17, 2014 - February 21, 2014
Peter L. Cockrell, Brett M. Kitt, Gil Rudolph, J. Scott Sheehan; Greenberg Traurig, LLP;
Legal Alert/Article
March 3, 2014, previously published on February 27, 2014
Speaking at a Mortgage Bankers Association meeting on February 19th, CFPB Deputy Director Steven Antonakes made frank comments regarding the CFPB’s view of the current state of compliance by the mortgage servicing industry with the CFPB’s new servicing rules. Antonakes said that he...

 


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