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

CFPB Takes Action Against PayPal for Allegedly Signing Up Consumers for Unwanted Online Credit

CFPB logo

Banking, Consumer Protection, Litigation The CFPB filed a complaint and proposed consent order in federal court against PayPal, Inc.   The CFPB alleges PayPal illegally signed up consumers for its online credit product, PayPal Credit, formerly known as Bill Me Later. The CFPB alleges that PayPal deceptively advertised promotional benefits that it failed to honor, signed consumers up for credit […] Read more →

by   |   May 19, 2015

FollowtheRulesImage_LowerRes_iStock_000016212764

SEC Imposes $6 Million in Penalties for Straw Purchaser Arrangement

Broker-Dealer, Consumer Protection, Investment Advisers On March 26, 2015, the SEC settled charges against 22 parties relating to arrangements by which companies not registered as broker-dealers purchased securities on behalf of Global... Read more →

by   |   March 31, 2015

CFPB logo

CFPB to Allow Consumers to Voice Public Complaints About Financial Companies

Banking, Consumer Protection The CFPB is finalizing a policy to allow consumers to voice publicly their complaints about consumer financial products and services. When consumers submit a complaint to the... Read more →

by   |   March 19, 2015

CFPB logo

CFPB Investigating Credit Card Market

Banking, Consumer Protection The CFPB announced it is seeking public comment on how the credit card market is functioning and the impact of credit card protections on consumers and issuers. This public... Read more →

by   |   March 17, 2015