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Consumer Law

Consumer Financial Protection Bureau Update - February 2015

Financial Services & E-Commerce Practice Group Teleforum February 11, 01:00 PMFederalist Society Teleforum Conference Call

Members of the Federalist Society’s Financial Services & E-Commerce Practice Group Executive Committee will provide an update on recent important activity at the Consumer Financial Protection Bureau (CFPB).

  • Julius L. Loeser, Of Counsel, Winston & Strawn LLP
  • Prof. Todd J. Zywicki, Foundation Professor of Law, George Mason University School of Law

Jesinoski v. Countrywide Home Loans, Inc. - Post-Decision SCOTUScast

SCOTUScast 1-21-15 featuring John Ohlendorf
John Ohlendorf January 21, 2015

On January 13, 2015, the Supreme Court issued its decision in Jesinoski v. Countrywide Home Loans, Inc.  The question in this case was whether, under the terms of the Truth in Lending Act, a borrower may rescind a mortgage transaction merely by notifying the lender in writing within three years of the finalization of the transaction, or must instead file a lawsuit within that same time period.

In an opinion delivered by Justice Scalia for a unanimous Court, the Court held that the borrower need only provide written notice to the lender within the three-year period, not file suit. The decision of the Eighth Circuit was reversed and the case remanded for further proceedings.

To discuss the case, we have John Ohlendorf, who is an associate at the law firm Cooper & Kirk, PLLC.

Consumer Financial Protection Bureau Update - January 2015 - Podcast

Financial Services & E-Commerce Practice Group Podcast
Wayne A. Abernathy, Julius L. Loeser January 07, 2015

Members of the Federalist Society’s Financial Services & E-Commerce Practice Group Executive Committee provided an update on recent important activity at the Consumer Financial Protection Bureau (CFPB) and look forward to potential CFPB developments in 2015 on this Teleforum conference call. Recent developments included the CFPB’s approach to alleged unlawful discrimination in auto lending and a November study by the American Financial Services Association that suggests that the methodology the CFPB is using to identify minorities is wrong much of the time.

  • Hon. Wayne A. Abernathy, Executive VP for Financial Institutions Policy and Regulatory Affairs, American Bankers Association
  • Julius L. Loeser, Of Counsel, Winston & Strawn LLP

Telephone Consumer Protection Act Reform - Podcast

Telecommunications & Electronic Media Practice Group Podcast
Scott D. Delacourt, Jason D. Goldman December 17, 2014

Congress adopted the Telephone Consumer Protection Act (“TCPA”) to protect consumers from aggressive telemarketing and to bolster the “right to be left alone.” But more than 20 years after its adoption, the statute has given rise to an explosion of class action lawsuits, raising questions about whether the law is continuing to serve its intended purpose. Defendants have sought relief from the implementing agency, the Federal Communications Commission, and some relief has been forthcoming. However, the rate at which lawsuits have proliferated has far outstripped the pace of regulatory relief. Our experts discussed whether fundamental TCPA reform is needed and, if so, how it might be achieved.

  • Scott D. Delacourt, Partner, Wiley Rein LLP
  • Jason D. Goldman, Senior Telecommunications Policy Counsel, Managing Director, Environment, Technology & Regulatory Affairs Division, U.S. Chamber of Commerce

Consumer Financial Protection Bureau Update - October 2014 - Podcast

Financial Services & E-Commerce Practice Group Podcast
Julius L. Loeser, Todd J. Zywicki October 23, 2014

Members of the Federalist Society’s Financial Services & E-Commerce Practice Group Executive Committee will provide an update on recent important activity at the Consumer Financial Protection Bureau (CFPB) on this Teleforum conference call. Recent developments include the CFPB Student Loan Ombudsman’s comments at a meeting of the American Bar Association Business Law Section, the CFPB’s lawsuit against Corinthian Colleges, Inc., a recent CFPB report on fair lending in the indirect auto loan market, a report from the Government Accountability Office on the CFPB’s data collection practices, Director Richard Cordray’s remarks on public service and student debt, and a Washington Post article on whether Wal-Mart and Apple’s provision of some financial services may subject them to oversight by the CFPB.

  • Julius L. Loeser, Of Counsel, Winston & Strawn LLP
  • Prof. Todd J. Zywicki, Foundation Professor of Law, George Mason University School of Law