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!!






 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Civil Litigation Associate Attorney

USA-FL-Coral Gables

Coral Gables office of our client seeks civil litigation associate attorney with 3+ years of experie...

Apply Now

Family Law Attorney

USA-UT-Ogden

Ogden office of our client seeks family law attorney with 2+ years of experience. The candidate will...

Apply Now

Insurance Defense Litigation Attorney

USA-FL-Boca Raton

Boca Raton office of our client seeks attorney with 5+ years of insurance defense litigation experie...

Apply Now

RELEVANT JOBS

Associate Attorney

USA-CA-Novato

Attorneys helping people........Brayton Purcell LLP is an extremely busy plaintiff\'s litigation pra...

Apply now

Casualty Attorney II

USA-CA-Irvine

Kuluva, Armijo & Garcia is seeking an experienced and skilled California litigator for the position ...

Apply now

Legal Assistant

USA-CA-Los Angeles

Small, real estate transactional and litigation law firm seeks EXPERIENCED part-time legal assistant...

Apply now

Mediation Coordinator

USA-NY-New York City

The Civil Appeals Mediation Program (“CAMP”) for the Second Circuit Court of Appeals inv...

Apply now

SEARCH IN ARCHIVE

To Top