5 Consumer Protection Part II: September 25 5 Consumer Protection Part II: September 25
AGs' Use of Dodd-Frank and Other Federal Consumer Protection Statutes
On July 21, 2010, President Obama signed into law the sweeping Dodd-Frank Wall Street Reform and Consumer Protection Act. Contained within it is the Consumer Financial Protection Act of 2010, which created the federal Consumer Financial Protection Bureau and empowered the state AGs to bring federal claims under Sec. 1042 of that Act.
This section explores recent cases where the AGs have brought such claims, including AG Josh Shapiro's case against Navient, one of the nation's largest student lenders and loan servicers.
5.1. "Abusive” further defined by court as CFPB case against ITT Tech moves forward
5.2. CASE UPDATE: Third Circuit Court Allows AG Shapiro’s Case Against Student Loan Giant to Move Forward – PA Office of Attorney General
5.3. Attorney General Josh Shapiro Announces $1.85 Billion Landmark Settlement with Student Loan Servicer Navient – PA Office of Attorney General
5.4. Statement by Nicholas Smyth to the CFPB Symposium on Abusive Acts & Practices
5.5 Mariner Finance Multistate Complaint 5.5 Mariner Finance Multistate Complaint
Please read pp. 1-25 of the Amended Complaint, which is linked from the press release, and read the press release too:
https://www.attorneygeneral.gov/taking-action/ag-shapiro-takes-action-to-defend-pennsylvanians-from-predatory-personal-lending-company/