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Recent Enforcement Activities of State Attorneys General, with Special Guest Shennan Kavanagh, Division Chief, Consumer Protection Division (CPD), Massachusetts Attorney General's Office

Recent Enforcement Activities of State Attorneys General, with Special Guest Shennan Kavanagh, Division Chief, Consumer Protection Division (CPD), Mas…

FromConsumer Finance Monitor


Recent Enforcement Activities of State Attorneys General, with Special Guest Shennan Kavanagh, Division Chief, Consumer Protection Division (CPD), Mas…

FromConsumer Finance Monitor

ratings:
Length:
66 minutes
Released:
Dec 1, 2022
Format:
Podcast episode

Description

While most attention is focused on the CFPB, state attorneys general are very active in investigating and enforcing state laws relating to consumer financial services (and often federal laws when incorporated into state law or when using their Dodd-Frank authority). We first discuss the CPD’s priorities and how they are determined; use of its state law UDAP authority and available remedies; enforcement of federal law; and collaboration with the CFPB and other state AGs. We also discuss how a company’s self-identification/self-remediation of violations factors into the CPD’s enforcement approach. We then discuss key issues of CPD concern and enforcement activity in specific areas, including mortgage servicing, auto sales and financing, debt collection, fintech/new technologies, and buy-now-pay-later. Alan Kaplinsky, Senior Counsel in Ballard Spahr’s Consumer Financial Services Group, hosts the conversation joined by John Grugan and Adrian King, partners in the firm’s Litigation Group, who defend companies facing state Attorneys General enforcement initiatives.
Released:
Dec 1, 2022
Format:
Podcast episode

Titles in the series (100)

The Consumer Financial Services industry is changing quickly. This weekly podcast from national law firm Ballard Spahr focuses on the consumer finance issues that matter most, from new product development and emerging technologies to regulatory compliance and enforcement and the ramifications of private litigation. Our legal team—recognized as one of the industry's finest— will help you make sense of breaking developments, avoid risk, and make the most of opportunity.