News

March 20, 2019

Partner Eric Johnson addresses Waters' CFPB scrutiny in Non-Prime Times article

In his monthly NAF Legal Committee Chair column in Non-Prime Times, Partner Eric Johnson looks at the letter sent by U.S. House Financial Services Committee Chair Maxine Waters and Subcommittee on Oversight and Investigations Chair Al Green to Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger requesting documents on the CFPB's settlements with three companies this year that have not resulted in fines or restitution. The letter requested that the CFPB provide any communications between the Bureau and others, including the accused companies, related to restitution to impacted consumers, as well as any and all drafts of the proposed consent order, all meeting minutes, and all memorandum in draft or final form. It is clear that Rep. Waters has kept her word in focusing in on the CFPB to ensure that it is meeting its statutory purpose to protect consumers.

Click here to read the full article on page 4.


Hudson Cook, LLP, provides articles, webinars and other content on its website from time to time provided both by attorneys with Hudson Cook, LLP, and by other outside authors, for information purposes only. Hudson Cook, LLP, does not warrant the accuracy or completeness of the content, and has no duty to correct or update information contained on its website. The views and opinions contained in the content provided on the Hudson Cook, LLP, website do not constitute the views and opinion of the firm. Such content does not constitute legal advice from such authors or from Hudson Cook, LLP. For legal advice on a matter, one should seek the advice of counsel.