Law 360 | CFPB Doomed at High Court? Don’t Bet on It, Attys Say

Alston & Bird’s Consumer Financial Services Team has launched a new blog, “Consumer Finance ABstract.” The blog provides incisive commentary on a broad range of regulatory and compliance developments affecting all areas of consumer lending, including mortgage, installment, credit card, auto, student, and peer-to-peer.

Keep up with what’s happening in privacy, data security, and all things cyber – from California’s CCPA, CPPA, and CPRA to FTC and SEC actions to EU #GDPR guidance – from our Privacy, Cyber & Data Strategy Group.

In a recent Financial Services & Products Advisory, Partners Nanci Weissgold and Anoush Garakani evaluate the CFPB’s recent “junk fees” initiative and its potential effect on mortgage servicing fee structures. The advisory can be accessed here.

The post Client Advisory: One Person’s Junk Fee Is Another’s Treasure appeared first on Alston & Bird Consumer Finance ABstract.

Alston & Bird is expanding its consumer financial services and public policy capabilities with the addition of Brian Johnson, deputy director of the U.S. Consumer Financial Protection Bureau (CFPB), who will join the firm in March as partner in Washington, D.C. 

Nanci Weissgold, partner in Alston & Bird’s Financial Services & Products Group and a co-leader of the Consumer Finance Regulatory Compliance team, along with senior associate Morey Barnes Yost and associate Kendall Stensvad, updated a resource guide to help mortgage loan servicing attorneys and compliance professionals comply with the Consumer Financial Protection Bureau's final amendments to its mortgage servicing rules. Many provisions went into effect on October 19, 2017; others take effect in 2018.