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Consumer Financial Services Answer Book (2020 Edition)

Author(s): Thomas M. Hanson, Richard E. Gottlieb,
Practice Area: Banking
Date: Sep 2019 i Other versions can be found in the Related Items tab.
ISBN: 9781402431180
PLI Item #: 239355

Consumer Financial Services Answer Book is a comprehensive Q&A resource that help financial service lawyers and compliance professionals understand and comply with the various laws governing consumer financial services.

This softbound guide covers key governing statutes and regulations, including the all-important Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, as well as the core federal laws affecting consumer lending, such as the Truth in Lending Act, the Fair Credit Reporting Act, the Equal Credit Opportunity Act, the Fair Credit Billing Act, and the Fair Debt Collection Practices Act.

Given the significant implications for consumers and consumer-facing companies, the book also includes detailed discussion of the Electronic Signatures in Global and National Commerce Act (ESIGN), the Telephone Consumer Protection Act, and the laws governing unfair and deceptive acts and practices.

Coverage also includes chapters dedicated to a variety of specific consumer finance industries, including mortgage lending and servicing, automotive finance, the credit card industry, military lending and loan relief, and short-term lending.

In addition, a chapter on CFPB enforcement answers questions about the Bureau of Consumer Financial Protection, explaining the structure of the Office of Enforcement, the scope of its authority, the procedures it follows in enforcement investigations and action, and the nature of its enforcement activity to date. It also offers a number of practical suggestions for responding to investigations and actions brought by the Bureau.

Consumer Financial Services Answer Book includes contributions from the well-regarded consumer financial services teams at three law firms—Manatt, Phelps & Phillips, LLP; McGlinchey Stafford; and Dykema Gosset PLLC—as well as contributions from other prominent practitioners from other firms.

Thomas M. Hanson is a member in McGlinchey Stafford’s Dallas office. Mr. Hanson is a commercial litigator who is licensed to practice in Texas, California, and Michigan as well as a host of federal district and appellate courts throughout the country. Mr. Hanson has long devoted the bulk of his practice to the representation of financial services companies in a variety of litiga-tion matters, including commercial disputes, wrongful foreclosure, mortgage fraud, reverse mortgage issues, and individual and putative class actions alleging various statutory and common law theories of deceptive practices/predatory lending. Mr. Hanson also advises his clients on various regulatory matters, including supervision and  enforcement, vendor management, and operational process and policy issues.

Mr. Hanson is a frequent writer and speaker on numerous financial services and litigation topics. In addition to serving as co-editor and chapter author on previous editions of the PLI Consumer Financial  Services Answer Book, his publications include “Lessening the Pain: How Policies Can Help You Prevent, and Fight, Lawsuits,” Smart Busi-ness Dallas (June 2012); “Defending the Adequacy of Disclosures in Non-Traditional Mortgage Products,” The Review of Banking & Finan-cial Services (June 2009); and “Intestate Succession for Stepchildren:  California Leads the Way, But Has It Gone Far Enough?,” Hastings Law Journal (1996). He has been a presenter at financial services conferences and webinars organized by the American Conference  Institute, the Mortgage Banking Association, the American Bar Associ-ation’s Consumer Financial Services Subcommittee, the Practising Law  Institute and Lorman, and he frequently provides in-house CLE  presentations to his clients.

Mr. Hanson’s nationwide litigation practice has resulted in a host of favorable reported trial court and appellate decisions in a wide range of jurisdictions, including federal and state courts in California,  New York, Illinois, Pennsylvania, Michigan, and Texas. Prior to relocat-ing to Dallas, Mr. Hanson resided and practiced in Ann Arbor, Michigan,  where he was elected to the Scio Township Board of Trustees in 2008. Mr. Hanson graduated magna cum laude and Order of the Coif  from the University of California Hastings College of the Law in San Francisco, California, and received his B.A. from the University of Michigan in Ann Arbor, Michigan.