Lenders have been struggling for some time with convincing business partners and employees that the Consumer Financial Protection Bureau’s reach can and will extend to them. The latest case is an illustration for any doubters that the CFPB is entirely serious in its intentions to bring the full weight of its powers against individuals and businesses alike. Hence, compliance is a legitimate concern for all — not just for business owners.
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ABOUT ARI KAREN
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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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