Practising Law Institute's 13th Annual Consumer Financial Services Litigation Institute

This program has been approved in accordance with the requirements of the Continuing Legal Education Board. CLE Credit will be granted to attorneys.

Why You Should Attend

Litigation against banks and other consumer financial services providers exploded during the past year. The meltdown of the subprime mortgage lending industry has resulted in an onslaught of litigation against mortgage brokers, lenders, servicers, investment bankers and rating agencies. In reaction to the rise in foreclosures, we can expect to see new legislation and regulations which will create additional complexity and undoubtedly more litigation. At the same time, the student lending industry has attracted the attention of state attorneys general for their marketing practices and their relationships with colleges. Hundreds of class actions have also been filed against retailers alleging that they have disclosed too much information on credit card receipts in violation of the Fair and Accurate Credit Transactions (FACT) Act. To further complicate the landscape, the war over consumer arbitration continues with courts now deeply divided over the validity of class action waivers. In this ever-changing environment it’s important to keep track of the latest developments. At this year’s Institute, our stellar faculty of plaintiffs’ lawyers, defense counsel, regulators, consumer advocates, judges and law professors will explore the cutting-edge legal and regulatory issues facing the consumer financial services industry and the lawyers whose work affects the industry.

What You Will Learn

Get important updates on the latest developments involving the Class Action Fairness Act (CAFA), the Fair Credit Reporting Act (FCRA), the FACT Act, and Unfair and Deceptive Practices (UDAP) statutes

Examine the types of lawsuits being brought in the aftermath of the subprime mortgage meltdown

Forecast the future of class action waivers in arbitration agreements

Explore the impact of the attorneys general investigations into student lending industry practices

Study the implications of significant Supreme Court opinions including Watters v. Wachovia Bank, Bell Atlantic Corp. v. Twombly, and Safeco Ins. Co. v. Burr

Recent Developments in Class Action Litigation
Recent developments under CAFA
Significant recent state law developments
Strategic considerations for plantiffs and defendants under CAFA
The overall impact of CAFA: So far, who has received an advantage and how?
Practical approaches to class certification
Ethical issues arising in the class action context

Current Hot Issues
Automobile lending developments
FDCPA Developments
Deposit-side litigation developments, including ATM/Debit disclosure issues and litigation

Julia B. Strickland, Co-Chair; Partner,
Stroock & Stroock & Lavan LLP