Subject to Inquiry

Subject to Inquiry

THE LATEST ON GOVERNMENT INQUIRIES AND ENFORCEMENT ACTIONS

Government Investigations and White Collar Litigation Group

Emily Rottmann

Photo of Emily Rottmann Emily focuses on complex commercial litigation. She serves clients across multiple industries, with a focus on the Financial Services and Energy industries.

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Treasury Department Recommends Broad Reforms to CFPB

By Emily Rottmann and Government Investigations Group on Financial Institution Regulation
The Department of the Treasury recently cited the CFPB’s “unaccountable structure and unduly broad regulatory powers,” in suggesting reforms to address the CFPB’s “regulatory abuses and excesses.” The Department’s recommendations were made as a part of its report, A Financial System that Creates Economic Opportunities: Bank and Credit Unions, issued in response to President Trump’s… Continue Reading

CFPB Expands Access to Consumer Complaints

By Emily Rottmann and Jodie Herrmann Lawson on Financial Institution Regulation
On June 25, 2015, the Consumer Financial Protection Bureau’s (CFPB’s) Consumer Complaint Database went live to provide the general public with enhanced access to consumer complaints. Since March 2015, complainants have been able to elect to openly air their grievances by publicizing searchable, narrative descriptions of their complaints in the CFPB database. According to the… Continue Reading

CFPB Continues Focus on Mortgage Lender Advertising

By Emily Rottmann and Government Investigations Group on Financial Institution Regulation
Last week, the CFPB announced an enforcement action against RMK Financial Corporation d/b/a Majestic Home Loans (RMK) related to deceptive mortgage advertising practices. This enforcement action is the most recent in a series of enforcement actions and administrative proceedings concerning the 2011 Mortgage Acts and Practices Rule (Regulation N), 12 C.F.R. § 1014, governing misrepresentations… Continue Reading

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