Dykema Releases Consumer Financial Services Answer Book


Published:

DETROIT — Dykema Gossett PLLC and Practising Law Institute announce the release of the Consumer Financial Services Answer Book 2012-2013. This revised and updated edition, published by PLI and authored by the lawyers at Dykema, explores the core federal laws that govern consumer credit, and includes a detailed description of the increasingly powerful Bureau of Consumer Financial Protection (CFPB). Dykema members Richard E. Gottlieb, Arthur B. Axelson, and Thomas M. Hanson edited the book, and several Dykema lawyers played significant roles as chapter authors, including Gottlieb and Donald C. Lampe, both Chambers-listed leaders in financial services.

Like its first edition published last year, the new Consumer Financial Services Answer Book 2012-13 provides clear and concise answers to the many questions being asked about consumer lending following the historic enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Act has dramatically reshaped the regulation of consumer financial services in the United States and not only led to the creation of an entirely new regulatory agency—the Consumer Financial Protection Bureau—but has also significantly altered a number of federal laws that govern the extension of consumer credit. 

Newly revised and expanded, the treatise covers these core federal laws such as the Truth in Lending Act and the Fair Credit Reporting Act as well as the numerous laws that specifically address mortgage lending, auto finance and related areas of consumer credit. The book describes in detail the regulatory structure and requirements from these revisions and provides the practical guidance needed by both a seasoned practitioner or someone just entering the world of consumer finance.

There are numerous changes and updates for the 2012-13 edition. Most notably, President Obama's recess appointment of a permanent director (Richard Cordray) triggers broad new powers for the CFPB, and the months since that appointment have seen major new regulatory and enforcement initiatives. The book lays out various litigation techniques and strategies, and provides insight on some of the biggest issues facing practitioners in the field.

Says co-editor Richard Gottlieb, "We think this updated guide will help clear up some of the confusion and help financial institutions and their lawyers navigate a series of new laws that will dramatically impact the compliance practices of every consumer lender, servicer and retailer."

The 818-page single volume Consumer Financial Services Answer Book 2012–2013 is $235 and is available at www.PLI.edu as well as retailers such as Amazon.com. It is also available in e-book form for the Kindle.

 

Most Popular

  1. CCS Partners with Shinola to Launch Fashion Accessories Design Program
    Students at the College for Creative Studies will soon be able to study the design of fashion...
  2. New Economy Initiative Takes ‘Street Level’ Approach to Detroit's Entrepreneurial Hubs
    Starting today, the New Economy Initiative in Detroit is taking a street-level approach to better...
  3. Five Qs: Charlie Wollborg on Positive Flow at TEDxDetroit
    Charlie Wollborg, founding partner at Curve Idea Accelerator in Pontiac, and curator of...
  4. TEDxDetroit Unveils Speaker Line-up for 2014 Event
  5. Google Maps Gives ‘Spin Tours’ of Businesses on Mackinac Island
    Visitors no longer need to take a ferry to visit the many unique and interesting shops on...
  6. Duffey Petrosky to Open Satellite Office in Chrysler House
    Farmington Hills-based advertising agency Duffey Petrosky will open an office in the Chrysler...