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MoFo Reenforcement The Enforcement Blog

Financial Services Report – Summer 2015

Posted in Arbitration, CFPB, Credit Cards, Credit Reports, Enforcement Actions, Fair Lending, Investigations, Mobile Payments, Mortgage, Payday Lending, Preemption, Privacy, UDAAP

June is crowded with celebrations. It feels like a Tokyo subway. June is the month of weddings, graduations, flag days, and dad daze. June 15 is the 800th anniversary of the Magna Carta. This month we acclaim Summer Solstice, Gay Pride Month, and National Aquarium Month. And who could forget National Accordion Awareness Month? Seriously? Anyone “un-aware” of an oncoming accordion deserves to be smacked. Just ask Darwin. In June, we applaud Candy Month, which means July is Cavity Month. Cow-befrienders rejoice with Dairy Month, and cat-lovers revel in National Adopt-a-Cat Month. This month, there are days to honor donuts, ice cream soda, chocolate ice cream, chocolate éclairs, yo-yos, sewing machines, and nursing assistants. “Enough already,” you’re probably thinking, “get to the transition.” Thanks for asking.

Forget all that. June is when our Summer Issue lands in your inbox. In this issue, the CFPB reports that arbitration is bad and litigation is good, Congress hints at Dodd-Frank reform, we have mortgage stuff, operations stuff, preemption and privacy and TCPA stuff, a little of this and a lot of that. Lots to celebrate. Alas, no accordion music.

Until next time, have a great summer and, when you’re finished, kindly put the bop back in the bop shoo-bop shoo-bop and return the ram to the rama-lama ding-dong. My baby said.

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