Catagory:Bureau of Consumer Financial Protection (CFPB)

Date: Tuesday, June 24, 2014
Time: 8:30 a.m. EDT
Location: K&L Gates, 1601 K Street NW, Washington, D.C. 20006

K&L Gates is pleased to invite you to our June 24th Distinguished Speaker breakfast with Congressman Michael Turner (R-OH).

Congressman Turner was first elected in November 2002 and currently represents Ohio’s 10th Congressional District. The 10th District is located in southwest Ohio and includes Montgomery and Greene counties and part of Fayette County. Congressman Turner is an attorney and, before being elected to Congress, was in private practice and corporate law for 13 years. He also served as the mayor of Dayton between 1994-2002.

Congressman Turner is a long-time member of the House Armed Services Committee, where he serves as the chairman of the Tactical Air and Land Forces Subcommittee. He is also a senior member of the House Oversight and Government Reform Committee.

Congressman Turner holds a BA in political science from Ohio Northern University, a law degree from Case Western University School of Law, and a MBA from the University of Dayton.

To attend, please click here to register by 5:00 p.m. EDT, Monday, June 23.

 This event is not a fundraiser. To maintain the informality of this event, it is strictly off the record.

Nanci L. Weissgold will participate as a speaker in the IMF Webinar: New Scrutiny: Nonbank Supervision and Enforcement on June 24, 2014. To to learn more about current and future state and federal actions and register for the webinar, please click here.

Recently, some of the world’s most-sophisticated corporate giants have fallen victim to some of the largest data breaches in history. It is clear that cyberattacks are on the rise with unprecedented frequency, sophistication, and scale. They are pervasive across all industries and geographical boundaries.

The problem of cyber risk is exacerbated not only by increasingly sophisticated cyber criminals and evolving malware, but also by the trend in outsourcing data handling, processing, and/or storage to third-party vendors, including “cloud” providers, and by the simple reality of the modern business world, which is full of portable devices that may facilitate the loss of sensitive information. Read More

By: Robert W. Sparkes, III, Brian M. Forbes

When faced with a state court lawsuit, a critical consideration for any defendant is the forum in which to litigate – whether to remain in state court or, if possible, remove the case to federal court. In the case of a putative class action, proceeding in state court under state rules of procedure and other local influences could have significant impact on how the case proceeds. As such, a defendant must first consider whether the claims are removable, and, if removable, what deadline applies to the notice of removal. In assessing the timeliness of removal, a defendant should first look to the statutory deadlines set forth in 28 U.S.C. § 1446(b) (“Section 1446(b)”). However, as the United States Court of Appeals for the Second Circuit recently explained in Cutrone v. Mortgage Electronic Registration Systems, Inc., the provisions of Section 1446(b) do not provide all of the answers.

To read the full alert, click here.

By: Jon Eisenberg

To date, the CFPB has brought 12 cases—out of more than three dozen total CFPB enforcement cases—in which it named individuals as defendants or respondents liable for violations of consumer protection statutes. Below, we consider the standards for individual liability in CFPB cases, the actual cases that have been brought, and 10 lessons that can be drawn from these cases.

To read the full alert, click here.