Martin Bishop

Martin Bishop

May 01, 2013 | Inside Counsel

Regulatory: Collaborating to solve the vexing UDAAP dilemma

The Consumer Financial Protection Bureaus (CFPB) authority to prevent unfair, deceptive or abusive acts or practice (UDAAP) under the Dodd-Frank Wall Street Reform and Consumer Protection Act is, as it turns out, a very powerful weapon.

By Martin Bishop

5 minute read

April 17, 2013 | Inside Counsel

Regulatory: Focusing on solutions to UDAAP challenges

Over the past four installments of this series, we have taken a quick look at how the consumer financial services industry ended up with a new regulatorthe Consumer Financial Protection Bureau (CFPB).

By Martin Bishop

6 minute read

April 03, 2013 | Inside Counsel

Regulatory: Why is “abusive” the most feared word in Dodd-Frank?

The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) empowers the Consumer Financial Protection Bureau (CFPB) to prohibit unfair, deceptive or abusive acts or practices (UDAAP).

By Martin Bishop

10 minute read

March 20, 2013 | Inside Counsel

Regulatory: The CFPB’s UDAAP deceptive standard does not require knowledge or intent

For many of us, deception is a loaded word.

By Martin Bishop

10 minute read

March 06, 2013 | Inside Counsel

Regulatory: Part 2: Unraveling UDAAP in the consumer financial services industry

According to the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Consumer Financial Protection Bureau (CFPB) can declare unfair, and thus unlawful, any act or practice in connection with a transaction for a consumer financial product or service, or the offering of a consumer financial product or service, so...

By Martin Bishop

12 minute read

February 20, 2013 | Inside Counsel

Regulatory: Part 1—Unraveling UDAAP in the consumer financial services industry

In response to the lingering recession of the late-2000s, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act and, among other things, created the Consumer Financial Protection Bureau.

By Martin Bishop

9 minute read

December 14, 2011 | Inside Counsel

Regulatory: Nomination for director of CFPB blocked

This column is part a series of articles on the new Consumer Financial Protection Bureau and the upcoming wave of regulations affecting the consumer financial industry.

By Martin Bishop

7 minute read

November 30, 2011 | Inside Counsel

Regulatory: Financial regulators regulate themselves over who they will regulate

In order to provide clarity and transparency, the Consumer Financial Protection Bureau (Bureau) and the Prudential Regulators jointly issued a supervisory statement addressing agency jurisdiction over the largest banks and credit unions in the United States

By Martin Bishop

4 minute read

November 16, 2011 | Inside Counsel

Regulatory: The board’s role in consumer financial services compliance

With all of the changes underway in the regulation of the consumer financial services industry, not to mention all of those that are expected and can be predicted, it will be increasingly important in the post-Dodd-Frank era to keep a sharp focus on one key area of compliance: the board...

By Martin Bishop

5 minute read

November 02, 2011 | Inside Counsel

Regulatory: The Consumer Financial Protection Bureau, President Obama take action on student loans

If you have kids who are in, about to go to, or just out of college, you probably know best that college tuition continues to skyrocket.

By Martin Bishop

5 minute read