Consumer Financial Services Compliance

Consumer Financial Services Compliance
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Our Work




  • CFPB Oversight: Examinations, Areas of Focus, and What Should Keep You Up at Night

    Member Kelly Lipinski (Cleveland) will present "CFPB Oversight: Examinations, Areas of Focus, and What Should Keep You Up at Night" at the 2023 Student Loan Servicing (SLSA) Alliance Annual Meeting in Denver, Colorado.

  • Lipinski to Speak at National Council of Higher Education Resources (NCHER) 2023 Annual Conference

    Member Kelly Lipinski (Cleveland) will moderate "Ask the Attorneys" and join a panel on "The Role and Priorities of the Consumer Financial Protection Bureau in Higher Education Financing" at the National Council of Higher Education Resources (NCHER) Annual Conference.

  • Maryland Enacts Student Financing Act

    On May 8, 2023, Governor Wes Moore of Maryland signed HB 913 into law, creating the Student Financing Act (the Act). Under the Act, “student financing” is defined as an extension of credit to a consumer that is (1) not made, insured, or guaranteed under Title IV of the federal Higher Education Act of 1965, (2) extended to a consumer expressly, in whole or in part, for postsecondary education expenses, regardless of whether it is provided by the institution that the consumer attends, and (3) not a loan secured by real property or a dwelling.

  • Colorado and Connecticut Set to Debut New Data Privacy Laws on July 1

    Beginning July 1, 2023, the Colorado Privacy Act and the Connecticut Personal Data Privacy and Online Monitoring Act will take effect. Following California (in 2020) and Virginia (earlier this year), four states now have enacted and implemented some version of a comprehensive privacy law.

  • FDIC Issues Overview of Deposit Insurance System

    In response to the recent bank failures, on May 1, 2023, the Federal Deposit Insurance Corporation (FDIC) released a report titled “Options for Deposit Insurance Reform” (Report). The Report provides a comprehensive overview and discusses options to reform the financial stability concerns with the deposit insurance system. As stated in the Report, the leading public policy objectives of deposit insurance are to promote financial stability and protect depositors from loss. In a statement issued along with the Report, FDIC Chairman Martin J. Gruenberg stated that the Report “is an effort to place these recent developments in the context of the history, evolution, and purpose of deposit insurance since the FDIC was created in 1933.” Chairman Gruenberg also expressed his view that the Report serves as a starting point for consideration of the issues surrounding deposit insurance.

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