Home

Law Firms Create Divisions to Fight Consumer Financial Protection Bureau
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

The government recently created the Consumer Financial Protection Bureau, which has created new rules for credit card issuers and lenders. The organization has also been given supervision over credit unions, large banks, private student lenders, payday loan companies and credit reporting agencies. Law firms are now making plenty of money off protecting people from this new organization.

One such law firm, that of Ballard Spahr, created a team of lawyers that study the CFPB and the power that it has. The CFPB was created when the Dodd-Frank Act was signed into law in July of 2010. The team of lawyers, which stands at 20 members, is a section of the firm’s Consumer Financial Services division.

  
What
Where


According to the chair of Ballard Spahr’s Consumer Financial Services Group, Alan Kaplinsky, the revenue of the division has increased by 50 percent since it was created. “Things have exploded, and we’ve seen just the tip of the iceberg,” Kaplinsky said, according to Hartford Business.

“The CFPB is not cognizant about what kind of burden they might be placing on a company,” Kaplinsky said. “It looks like they’re going on a fishing expedition, they go through so many papers … eventually they will decide they don’t see anything wrong or they will identify one or two practices [that they take action on].”

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

RELEVANT JOBS

Associate Attorney

USA-NC-Durham

I am looking for an Associate Attorney to work in my general practice law firm. The practice...

Apply now

Consumer Defense Litigation Attorney

USA-PA-Philadelphia

SESSIONS, FISHMAN, NATHAN & ISRAEL seeks an experienced attorney to join its commercial litigation /...

Apply now

Bankruptcy and Restructuring Partner / Associate

USA-OH-Cleveland

Buckley King is seeking both a partner and a mid-level associate to represent both creditors and deb...

Apply now

Patent Attorney Burlington, VT / Lebanon, NH

USA-VT-Burlington

DRM is seeking an experienced patent attorney having a portable book of business and a strong b...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Associate Attorney

USA-PA-Pittsburgh

Pittsburgh office of a BCG Attorney Search Top Ranked Law Firm seeks associate attorney with 3+ year...

Apply Now

Junior Antitrust Associate Attorney

USA-DC-Washington

Washington, D.C. office of a BCG Attorney Search Top Ranked Law Firm seeks junior antitrust associat...

Apply Now

Civil Litigation (Insurance Defense) Associate Attorney

USA-CA-San Diego

San Diego office of our client seeks civil litigation (insurance defense) associate attorney with ex...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top