Anita’s practice is focused on e-discovery and has been since 2018. Her experience includes in particular coordinating preservation, collection, review, and production for large-scale cases and regulatory investigations involving numerous custodians and millions of documents.
By Anita Foss and Government Investigations Group on Enforcement and Prosecution Policy and Trends,Financial Institution RegulationIn a major setback for the Consumer Financial Protection Bureau (“CFPB”), the D.C. Circuit issued a significant ruling today that found the CFPB’s single director structure unconstitutional, ruled against the CFPB on important statutory interpretations – including the Bureau’s position that it was not subject to any statute of limitations in enforcement proceedings – and… Continue Reading
By Anita Foss and Jodie Herrmann Lawson on Financial Institution RegulationOn September 18, 2015, the CFPB announced that it was appointing new members to the Consumer Advisory Board, Community Bank Advisory Council, and the Credit Union Advisory Council. These three bodies advise CFPB leadership on consumer financial issues and emerging market trends. However, these advisory groups can only provide nonbinding recommendations and cannot make determinations… Continue Reading
By Anita Foss on Financial Institution RegulationOn June 11, 2015, Sen. Jack Reed [D-RI] introduced a bill amending the Consumer Financial Protection Act to extend CFPB oversight and protection to include key provisions of the Servicemembers Civil Relief Act (SCRA). The SCRA provides an array of protections to members of the military, including postponing civil obligations so that servicemembers can better fulfill… Continue Reading
By Jodie Herrmann Lawson, Susan C. Rodriguez and Anita Foss on Financial Institution RegulationIs your financial institution or company subject to the Consumer Financial Protection Bureau’s (CFPB) supervision? If so, take note of a recent bulletin warning supervised entities – both banks and non-banks – about the treatment of confidential supervisory information. There are two main takeaways from the bulletin: Disclosure of confidential supervisory information (CSI) is prohibited,… Continue Reading
By Anita Foss and Government Investigations Group on Financial Institution RegulationOn November 13, 2014, the CFPB proposed expansive federal regulations establishing requirements for prepaid financial products. The proposed regulations cover “traditional” prepaid cards that can be loaded with money and used to store funds, make payments, withdraw cash, receive direct deposits, and send funds to others. According to the CFPB , consumers are expected to… Continue Reading