What to Make of the CFPB’s Enforcement Activity under Director Kraninger
FINANCIAL SERVICES PERSPECTIVES
Listed in Benchmark Litigation, "Future Star," Alabama, 2014-2016, 2018-2021, 2023-2024 Listed in Chambers USA, Nationwide: Financial Services Regulation: Consumer Finance (Enforcement & Investigations), 2025 Listed in Mid-South Super Lawyers, Real Estate, 2016-2021 Listed in Alabama Super Lawyers Real Estate, 2014-2015 "Rising Star," Real Estate, 2011-2013 Listed in The Best Lawyers in America® Commercial Litigation, 2018-2025 Litigation - Banking and Finance, 2024-2025 Listed in B-Metro, "Top Lawyers," 2020 Accredited Mortgage Professional (AMP) American College of Mortgage Attorneys, Fellow Adjunct Professor, Secured Real Property, University of Alabama School of Law Regulatory changes Advised some of the nation’s largest financial institutions in the legal and operational implementation of significant regulatory changes, including the Mortgage Servicing Final Rules in Regulations X and Z and the TILA-RESPA Integrated Disclosure Rule. Consumer Financial Protection Bureau (CFPB) examinations Advised some of the nation’s largest financial institutions in preparing and managing CFPB examinations, including examinations on compliance management systems, servicing, credit cards, debt collection, sales practices, reverse mortgages and Know Before You Owe. Consumer Financial Protection Bureau (CFPB) investigation Represented a servicer in a CFPB investigation into allegations of noncompliance with consumer financial protection laws. Consumer Financial Protection Bureau (CFPB) investigation Represented a debt collector in a CFPB investigation into allegations of noncompliance with consumer financial protection laws. Consumer Financial Protection Bureau (CFPB) supervisory letters Represented some of the nation’s largest financial institutions related to PARR and NORA letter responses. U.S. Department of Housing and Urban Development (HUD) investigation Represented a servicer in a U.S. Department of Housing and Urban Development (HUD) investigation into allegations of noncompliance with HUD guidelines. Office of the Comptroller of the Currency Represented client in relation to horizontal review resulting in responding to supervisory letters and developing action plans. Consent orders for multiple clients Represented multiple clients related to consent orders with the Office of the Comptroller of the Currency and the Federal Reserve Board. United States v. Bank of America, et al. Represented two mortgage servicers in the largest national joint state/federal government settlement in history. The case began with a “robo-signing” investigation and then broadened into examination of the mortgage industry. The case involved 49 state attorney generals, 48 state banking departments, the Department of Justice, the Department of Treasury, the Department of Housing and Urban Development, the Consumer Financial Protection Bureau, and the Federal Trade Commission. Federal Reserve Board review Represented a servicer in an Independent Foreclosure Review commenced by the Federal Reserve Board. Jury trial for national lender Litigated a two-week jury trial in Miami-Dade County for a national lender that resulted in a jury verdict in favor of the client for more than $3 million. Multiple class action cases Litigated a successful conclusion to multiple class action cases, including cases in Alabama, California, Florida, Illinois and Nevada. Multiple purchase and sale agreements cases Litigated multiple matters involving Purchase and Sale Agreements governing thousands of residential mortgage loans related to repurchase demands from investors. Multiple third-party vendor management cases Represented multiple clients related to third-party vendor management issues, specifically building out third-party organizational risk management structures, third-party audits of default counsel and trustees, and invoice-related disputes. Multiple standardized affidavits of indebtedness cases Represented multiple clients in the development of standardized affidavits of indebtedness in all judicial foreclosure states, taking into account state and federal laws and judicial administrative orders. Multiple orders to show cause cases Represented multiple clients in Orders to Show Cause brought by the New Jersey Supreme Court related to matters of residential mortgage foreclosure pleadings and document irregularities.
