Troutman Pepper and Locke Lord Announce Merger to Form Troutman Pepper Locke
Troutman Pepper and Locke Lord are set to merge on January 1, 2025, creating Troutman Pepper Locke. This strategic merger aims to enhance legal and financial service offerings, addressing evolving client needs in a complex landscape. Additionally, the Consumer Financial Protection Bureau (CFPB) highlights critical issues in student loan servicing, emphasizing the importance of regulatory oversight. As these developments unfold, the future of the financial services industry is poised for transformation.
Controversy Surrounds Judge’s Involvement in Credit Card Fees Ruling
The recent ruling on credit card fees by the Consumer Financial Protection Bureau has sparked controversy due to potential conflicts of interest. Judge Willett, who owns up to $30,000 in Citigroup stocks, is overseeing a case that could impact the banking industry significantly. Stay informed on this developing story as the debate over judicial ethics continues to unfold.
CFPB Takes Action Against Performance SLC and Performance Settlement for Deceptive Practices
Over 8,500 consumers affected by Performance SLC and Performance Settlement will receive over $10.9 million in compensation due to illegal and deceptive practices. The Consumer Financial Protection Bureau (CFPB) took action against these companies for charging illegal upfront fees and using deceptive tactics. If you have questions about receiving a refund, you can contact performance_info@rustcfpbconsumerprotection.org or call 1 (888) 396-6086.