Consumer Financial Services Print PDF
PIB represents many of the nation’s leading banks, lenders, loan servicers, insurance companies and other consumer financial services companies in connection with government investigations, examinations, enforcement actions and class action litigation. We advise our clients on compliance with federal and state laws, and in all aspects of their consumer financial products and services, including mortgage, credit card, auto and student lending and servicing; and deposit-related and ancillary products.
State and federal regulatory compliance is an integral part of our practice. With respect to federal compliance issues, PIB Law has experience with HUD and the Federal Reserve Board, and is fully conversant in the Real Estate Settlement Procedures Act (“RESPA”), Truth in Lending Act (“TILA”), Home Ownership and Equity Protection Act (“HOEPA”), Fair Housing Act, Equal Credit Opportunity Act, Fair Credit Reporting Act and Home Mortgage Disclosure Act. Our state law practice includes researching and analyzing mortgage banking, real property, consumer protection, and consumer finance laws in all 50 states and the District of Columbia.
We provide a full range of compliance related services, including:
- Assisting companies to implement new federal and state laws, regulations and rules impacting direct and indirect consumer lending.
- Analyzing existing company policies and procedures to determine compliance with federal and state laws, regulations and rules.
- Drafting company policies and procedures for direct and indirect consumer lending.
- Reviewing consumer finance marketing materials for compliance with state and federal law, including the federal Truth in Lending Act and state unfair and deceptive trade practices acts.
- Conducting in-house training seminars at consumer finance institutions concerning federal and state compliance issues.
In enforcement matters, PIB Law offers both general and case-by-case counseling services to assist clients in avoiding and defending administrative and other governmental proceedings. We provide general advice and counseling, and perform due diligence and quality control reviews. We also represent consumer finance lenders and purchasers of retail installment sales contracts in connection with government audits, state examinations, and consumer matters forwarded for response by state regulators and state attorneys general.
News & Insights
- What Rohit Chopra’s Confirmation as Director of the Consumer Financial Protection Bureau Means for Companies and Consumers10.05.2021
- U.S. Supreme Court Enjoins New York Courts From Staying Evictions Based Upon Self-Certified, COVID-19 Hardship Declaration Filings – What Will Happen Next?08.16.2021
- U.S. Supreme Court Enjoins Part A of New York’s COVID-19 Emergency Eviction and Foreclosure Prevention Act of 202008.13.2021
- PIB Law Obtains Favorable Ruling from New York’s Appellate Division, Second Department Affirming Denial of Motion to Vacate Judgment of Foreclosure and Sale Pursuant to CPLR 5015(a)(3)07.19.2021
- New York’s Appellate Division, Second Department Issues Perfection Deadlines for Non-Actively Managed Civil Matters07.08.2020
- New York’s Appellate Division, Second Department Issues Briefing Deadlines and Updated Skype Protocol06.12.2020
- New York’s Chief Administrative Judge Announces Lifting of Ban on Filing New, Non-Essential Matters in New York City and Surrounding Counties05.21.2020
- New York’s Appellate Division, Second Department Issues New Administrative Order Rescinding Administrative Order 2020-0317.2, and Setting New Deadlines for All Pending Motions05.08.2020
- Federal Court Decision: No Private Right of Action Under the CARES Act, and Lenders May Impose Restrictions on Loan Eligibility04.22.2020
- The PIB Legal Blog, 09.25.2020
- PIB Law Obtains Favorable Ruling from Pennsylvania Superior Court Affirming Summary Judgment Motion in Mortgage Foreclosure ActionThe PIB Legal Blog, 05.20.2019
- New Jersey’s Appellate Division Rejects Foreclosure Defendant’s Argument that a Reinstatement Quote Is an Enforceable and Binding Settlement AgreementThe PIB Legal Blog, 04.04.2019
- PIB Law’s Summary Judgment Motion Affirmed by New Jersey Appellate Department Finding Plaintiff Demonstrated Standing to Bring Foreclosure ActionThe PIB Legal Blog, 01.31.2019