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 Consumer Protection

Court Finds Agreement to Arbitrate in Home Mortgage Invalid

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Banking, Consumer Protection, Litigation The United States District Court For The Southern District Of Mississippi, Southern Division, recently found an agreement to arbitrate in a home mortgage was invalid in Richards v. Gibson. The court cited 15 U.S.C. § 1639c(e) which was enacted by the Dodd-Frank Act.  That statute provides: No residential mortgage loan . . . secured by […] Read more →

by   |   February 2, 2015

CFPB Speaks to Disclosure of its Confidential Supervisory Information

Banking, Consumer Protection The CFPB issued a compliance bulletin setting forth its views that, with limited exceptions, persons in possession of confidential information, including confidential supervisory... Read more →

by   |   January 29, 2015

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CFPB Addresses Medical Debt

Consumer Protection The CFPB released a report that found medical debt has a significant impact on consumer credit, as 43 million Americans have overdue medical debt on their credit reports. The CFPB... Read more →

by   |   December 14, 2014

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SEC Settles with Bitcoin/Litecoin Exchange Operator

Broker-Dealer, Consumer Protection The SEC recently announced a settlement in connection with the operation of unregistered virtual-currency-based stock exchanges. The settlement is instructive as to how the SEC... Read more →

by   |   December 13, 2014