In the News

Erin Fonté Quoted in Bloomberg BNA Article about Consumer Bureau Suit Against Bank Payment Processor

September 28, 2016

Erin F. Fonté, Austin-based member in Dykema’s Corporate Finance Practice Group and leader of the firm’s Financial Services Regulatory and Compliance Group, was quoted in the Bloomberg BNA article, “CFPB Aims for More Enforcement Muscle in Payment Processor Case.”

In the report, Fonté speculates that the outcome of a U.S. District Court case could determine how much power the Consumer Financial Protection Bureau has in requiring that third–party payment processors be held accountable for fraudulent withdrawals from consumers banking accounts.

Subscribers to Bloomberg BNA may read the full article here.