Subject to Inquiry

Subject to Inquiry

THE LATEST ON GOVERNMENT INQUIRIES AND ENFORCEMENT ACTIONS

Government Investigations and White Collar Litigation Group

Darren Stanhouse

Photo of Darren Stanhouse Darren's practice focuses on complex commercial litigation, securities litigation, and white collar crime and government investigations. He serves and advises clients in state and federal regulatory, criminal, and compliance matters, and assists clients in resolving complex commercial disputes.

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CFPB Obtains Injunction Against World Law Group

By Darren Stanhouse and Government Investigations Group on Enforcement and Prosecution Policy and Trends, Financial Institution Regulation, Fraud, Deception and False Claims
The CFPB recently obtained preliminary injunctions against debt-reduction company World Law Group, its affiliates and its owners, thereby freezing the company’s assets and stopping all further operations pending the outcome of a CFPB lawsuit against the company. The injunctions, issued on September 2 and September 14, come on the heels of the complaint filed by… Continue Reading

CFPB Fines Military Allotment Processor $3.1 Million

By Darren Stanhouse and Jodie Herrmann Lawson on Compliance, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation
Last week, the Consumer Financial Protection Bureau (CFPB) filed a consent order with Fort Knox National Co. and its subsidiary Military Assistance Co. (MAC), alleging that the companies duped U.S. military service members into paying millions of dollars in hidden fees. Fort Knox National Co., through MAC, is one of the largest processors of military… Continue Reading

CFPB Targets PayPal’s Consumer Lending Service

By Darren Stanhouse and Government Investigations Group on Compliance, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation
In a recent filing with the Securities and Exchange Commission, eBay’s PayPal division disclosed that it could be hit with an enforcement lawsuit by the Consumer Financial Protection Bureau (CFPB) as early as the second quarter of 2015. The potential suit arises from CFPB inquiries into PayPal Credit, the company’s consumer lending service formerly known as… Continue Reading

CFPB Proposes New Rule Expanding Oversight to NonBank Auto Finance Companies

By Darren Stanhouse and Jodie Herrmann Lawson on Financial Institution Regulation
In a move that should come as no surprise to anyone who has been following the Consumer Financial Protection Bureau (CFPB), the agency issued a proposed rule last week that would expand its oversight, supervision and enforcement jurisdiction to include nonbank automobile finance companies. Established by the Dodd-Frank Wall Street Reform and Consumer Protection Act… Continue Reading

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