Legal Blog

Compensation and Compliance Matters: CFPB Enforcement May Just be the Start of Concerns

A lawsuit recently filed against Castle & Cook illustrates the dangers companies face in shieldthe wake of compliance problems. Although most focus on the Consumer Financial Protection Bureau in assessing compliance risks, the agency is only part of the concern. Castle & Cook, which paid millions in connection with a consent decree pertaining to violations of the loan officer compensation rules, has now been sued civilly in a class action pertaining to the same activity. Click here to read the entire article on National Mortgage News.

If you have any questions please contact Ari Karen at:

Bank Manager  | 240.507.1740

Ari Karen is an experienced litigator and speaker who has focused his practice in representing financial institutions in both government investigations and litigation before state and federal trial and appellate courts nationwide.

Mr. Karen’s practice is diverse, representing clients on matters concerning banking regulations, Dodd Frank financial reform laws, contractual disputes, employment and labor statutes, wage-hour class actions, employment discrimination and fair lending matters, whistleblower complaints and non-competition claims, among others.

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