Stinson Leonard Street Dodd Frank

MAKING SENSE OF DODD-FRANK

The Dodd-Frank Act has broad and deep implications that will touch every corner of financial services and multiple other industries. This site, developed and maintained by attorneys at Stinson Leonard Street, is dedicated to making sense of this complex legislation and helping businesses understand how it will affect them specifically. Our Bloggers »

Dodd-Frank Banking

CFPB Takes Action Against ‘Buy-Here, Pay-Here’ Auto Dealer

CFPB logo

Banking, Consumer Protection, Litigation The CFPB took its first action against a “buy-here, pay-here” car dealer.   The CFPB alleged that the dealer, DriveTime, harmed consumers by making harassing debt collection calls and providing inaccurate credit information to credit reporting agencies. DriveTime agreed to pay $8,000,000 as a civil money penalty, end its unfair debt collection tactics, fix its credit […] Read more →

by   |   November 20, 2014

CFPB logo

CFPB Finds Violation of Loan Originator Compensation Rule

Banking, Consumer Protection, Employment, Litigation The CFPB and Franklin Loan Corporation have asked a federal court to approve a consent order regarding alleged violations by Franklin Loan of the loan originator compensation... Read more →

by   |   November 15, 2014

CFPB logo

OIG Outlines Major CFPB Management Challenges

Banking, Consumer Protection The Office of Inspector General, or OIG, of the Board of Governors of the Federal Reserve System has issued its first listing of major management challenges facing the CFPB. These... Read more →

by   |   October 30, 2014

US Capitol Building

Regulators Approve Securitization Risk Retention Rule

Banking, Public Companies and Securities Six federal agencies approved a final rule requiring sponsors of securitization transactions to retain risk in those transactions.  The final rule implements the risk retention... Read more →

by   |   October 22, 2014