A&B ABstract: On March 26, the Consumer Financial Protection Bureau (“CFPB”) issued three separate policy statements in response to the COVID-19 pandemic. These announcements recognize the operational and resource challenges companies are facing as a result of the pandemic, and provide some regulatory flexibility. Separately, the CFPB and four prudential banking regulators issued a statement […]
About Consumer Finance Team
Federal and State Guidance Regarding the COVID-19 Pandemic
A&B Abstract: The Alston & Bird Consumer Finance team recognizes that this is a period of great uncertainty both for the nation and our clients. We have received numerous questions and concerns regarding what federal and state regulators are doing in light of the COVID-19 pandemic and how their response may affect day-to-day business. We […]
Coronavirus and Securitization: Disclosure and Diligence Issues
Mortgage-backed and asset-backed securities are beginning to feel the effects of quarantines and social distancing as people spend – and earn – less money. Our Finance Group explores the basic disclosures to consider with any securitization and how best to address them during the coronavirus pandemic. Four disclosure issues for securitization Two key diligence issues […]
CFPB Deputy Director Brian Johnson to Join Alston & Bird as Partner in Washington, D.C.
Alston & Bird is expanding its consumer financial services and public policy capabilities with the addition of Brian Johnson, deputy director of the U.S. Consumer Financial Protection Bureau (CFPB), who will join the firm in March as partner in Washington, D.C. “Brian’s impressive combination of experience and leadership in government regulation and oversight in the […]
Alston & Bird Adds Senior Consumer Finance Litigator in San Francisco Office
Alston & Bird continues its Bay Area growth with the addition of senior litigator Jim McCabe as counsel. McCabe joins from Morrison & Foerster LLP, where he practiced for more than 30 years, most recently as senior of counsel. “Jim is a top-notch litigator with an impeccable reputation for defending clients in high-stakes civil litigation […]