The Dodd-Frank Update, the number-one independent resource for news and analysis on the Dodd-Frank Wall Street Reform, recently spoke to Smith Debnam attorney Caren Enloe about the CFPB’s $185 million consent order against Wells Fargo Bank NA for claims the bank opened nearly 2 million deposit and credit card accounts without customer approval.
Smith Debnam Narron Drake Saintsing & Myers, LLP is pleased to announce that seven lawyers have been named to the 2017 Edition of The Best Lawyers in America, the oldest and one of the most respected peer-review publications in the legal profession.
By now, most have read about the consent orders issued by the CFPB and the OCC concerning Wells Fargo. The consent orders ordered the bank to pay a total of $185 million in civil monetary penalties ($100 million to the CFPB, $50 million to the OCC, and $35 million to the City and County of Los Angeles), as well as reimbursing customers an estimated $5 million.
Joining the proof of claim fray, the Fourth Circuit has held that the filing of a time-barred proof of claim does not violate the FDCPA when the statute of limitations does not extinguish the debt. Dubois v. Atlas Acquisitions, No. 15-1495, 2016 U.S. App. LEXIS, *22-23 (4th Cir. Aug. 25, 2016).
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