Financial Institutions Law Updates

Featured Expert Legal Commentary

Legislative Fix for Consumer Financial Protection Bureau; Attorney Client Privilege Issue Remains in Limbo

By Andrew Erskine of Zuber Lawler & Del Duca

Two bills in Congress intended to protect the privileged status of information provided to the Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) in its examinations remain stalled, apparently as a result of a political stalemate over attempts to rein in the newly established agency. More...

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The Consumer Financial Protection Bureau Flexes Its Muscle on Attorney-Client Privilege

Confidential Treatment of Privileged Information, 12 CFR Part 1070 [Docket No. CFPB–2012–0010] RIN 3170–AA20  |  March 23, 2012

The Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) is asserting its authority to demand attorney client privileged and other protected materials during the course of examinations. In two separate actions early this year, the Bureau has asserted that financial products and More...

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