Dykema Launches Exclusive CFPB Regulatory Scorecard

CHICAGO—Dykema, a leading financial services law firm in the Midwest, today announced the release, on the firm’s CFPB Law Blog, of its new regulatory scorecard on activities of the new Bureau of Consumer Financial Protection (CFPB). The scorecard is a tool that may be used to monitor the proceedings and developments of the new agency. Through this scorecard, users can keep current on pending and final rules tracked by Dykema's financial services regulatory and compliance team. Dykema tracks and summarizes all proposed rules, and includes a status report with key dates to monitor. The scorecard provides up-to-date information on rulemaking and other initiatives under the Dodd-Frank Act (DFA).

The signature accomplishment of the Dodd-Frank Act was the creation of the Consumer Financial Protection Bureau, a new rulemaking authority on consumer financial protection laws from seven different federal agencies. Corporations that deal with consumers on anything involving a retail financial service or offers consumer services, products or advice could be subject to the rules, regulations and proceedings of this new Bureau.

Dykema’s scorecard is maintained on Dykema's CFPB Law Blog, a one-stop site for all entities affected by the Bureau’s policies and actions, and who are looking for breaking CFPB news and analysis.

The site is managed by Dykema lawyers Don Lampe, Arthur Axelson, Richard Gottlieb and Jeffrey Jamison, who will each serve as the blog’s editorial board with contributions from other members of Dykema’s Financial Industry Group as well as industry analysts from across the country.

Richard Gottlieb is a member of Dykema's senior management team and Director of the firm's Financial Industry Group.  He represents primarily financial services entities such as, banks, mortgage lenders, servicers, auto finance companies, retailers and insurers in the defense of both individual and putative class action suits alleging false or deceptive practices and statutory consumer lending violations.

Donald Lampe is the Office Managing Member for Dykema's Charlotte, NC office and leader of Dykema's national Financial Services and Regulatory Compliance team. He represents banks, finance companies, insurance companies and other financial service providers (including major secondary market participants) in complex consumer financial services and banking regulatory matters.

Arthur Axelson is a senior member of the firm's Financial Services Regulatory and Compliance practice. He interacts with federal and state banking officials, assists firm clients on compliance and new product development, and coordinates the firm's overall national consumer finance compliance lawyers in the firm's offices across the country.

Jeffrey Jamison's practice focuses on financial services litigation. He has represented a diverse group of clients in shareholder disputes, securities and commodities litigation, commercial litigation, bankruptcy proceedings, appeals, white-collar criminal investigations, class actions, internal investigations and contract disputes, including cases involving securities fraud, broker-dealer disputes, SEC investigations, commercial leases, and numerous other tort and statutory claims.  

Dykema’s Financial Industry Group is comprised of attorneys in the areas of litigation, enforcement, regulatory, transactional and compliance. Concentrating on consumer financial services, investment management and insurance, attorneys in the group represent banks, mortgage companies, credit card companies, debt purchasers, debt collection companies and auto finance companies and technology vendors.

To access the blog, please visit www.cfpb-lawblog.com. Click here for more information about Dykema’s Financial Industry Group.