Call Us Today For A Free Quote | 866.940.1101
Professionals Insuring Professionals
 

Out recent blog about the Consumer Financial Protection Bureau (CFPB) stated that a number of law firms were being contacted about violating consumer protection laws.  Many had signed consent decrees costing this hundreds of thousands of dollars or more.  Normally there is no insurance coverage for Law Firms accused of these misdeeds.

The CFPB currently has broad enforcement powers.  According to the National Law Journal article part of a new bill may drastically change the independence and authority of the CFPB and change its name to the "Consumer Law Enforcement Agency".   Hearings on the 600 page Financial Choice Act have started before the House Financial Services Committee.

Should be interesting to see how this plays out over the next few months.
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Quick Contact
Referrals
We love referrals! And thank you even more for your continued business.
Customer Service
Self policy service any time of the day, directly from our website.
Join Our Newsletter
Stay in touch with the latest events, news and offers we have.
From Our Blog From Our Customers
Read More Read More
Stay In Touch With Us Helpful Site Links Read the News
Sign up now to receive new and updates Stay up-to-date with the latest industry, community and agency news through our newscenter. We also provide handy hints on how to save on your insurance.

Read More
We have the expertise to find you the right coverage at the right price 
Powered by Insurance Website Builder