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Published on Jul 17, 2012
Chris Willis, a Consumer Financial Services litigator who leads Ballard Spahr's task force on Fair Lending, explores CFPB enforcement and its impact on the industry.
Enforcement investigations already have begun for credit card payment products, debt collectors, auto lenders, student lenders, and private mortgage insurance. The number of investigations is expected to increase and Mr. Willis predicts a heavy focus on Fair Lending.