Built on the strength and national reputation of our litigation and regulatory team, as well as our deep roots in the financial sector and in all aspects of consumer protection, we represent financial institutions, boards of directors, audit committees and individual senior officers and directors to win cases, mitigate risks, comply with regulation, and defend against enforcement actions, all while advancing our clients’ business goals. Globally recognized banks, credit card issuers, insurers and other financial services companies turn to us for their most sensitive matters, including those that are likely to have industry-wide impact, such as loan servicing, debt collection, fair lending, credit reporting, alleged securities fraud, privacy and data security, among others.
Leaders in the financial services, e-commerce and associated industries regularly consult our team on emerging risks and trends, leveraging our experience and relationships to stay on the pulse of federal, state and local regulatory and enforcement developments.
We help our clients prevail in bet-the-company proceedings and complex class actions covering the full range of financial services and consumer protection issues, while crafting pragmatic compliance solutions and guiding clients through all phases of federal and state regulation, supervision and enforcement. We play a central role in representing financial institutions, and their officers, directors and employees, in multistate regulatory investigations and in administrative and judicial enforcement actions.
Our team has successfully resolved hundreds of cases before judges, juries and appellate courts across the country and before every U.S. regulator that oversees the financial services industry, including the Consumer Financial Protection Bureau (CFPB) and prudential banking regulators, the Federal Trade Commission (FTC), the Securities and Exchange Commission (SEC), the Department of Justice (DOJ), the Federal Communications Commission (FCC), the Financial Industry Regulatory Authority (FINRA), the Commodity Futures Trading Commission (CFTC), and the Public Company Accounting Oversight Board (PCAOB). We also regularly respond to investigations, and monitor and resolve issues raised, by state attorneys general, district attorneys and regulators, including multijurisdictional matters.
Built on the strength and national reputation of our litigation and regulatory team, as well as our deep roots in the financial sector and in all aspects of consumer protection, we represent financial institutions, boards of directors, audit committees and individual senior officers and directors to win cases, mitigate risks, comply with regulation, and defend against enforcement actions, all while advancing our clients’ business goals. Globally recognized banks, credit card issuers, insurers and other financial services companies turn to us for their most sensitive matters, including those that are likely to have industry-wide impact, such as loan servicing, debt collection, fair lending, credit reporting, alleged securities fraud, privacy and data security, among others.
Leaders in the financial services, e-commerce and associated industries regularly consult our team on emerging risks and trends, leveraging our experience and relationships to stay on the pulse of federal, state and local regulatory and enforcement developments.
We help our clients prevail in bet-the-company proceedings and complex class actions covering the full range of financial services and consumer protection issues, while crafting pragmatic compliance solutions and guiding clients through all phases of federal and state regulation, supervision and enforcement. We play a central role in representing financial institutions, and their officers, directors and employees, in multistate regulatory investigations and in administrative and judicial enforcement actions.
Our team has successfully resolved hundreds of cases before judges, juries and appellate courts across the country and before every U.S. regulator that oversees the financial services industry, including the Consumer Financial Protection Bureau (CFPB) and prudential banking regulators, the Federal Trade Commission (FTC), the Securities and Exchange Commission (SEC), the Department of Justice (DOJ), the Federal Communications Commission (FCC), the Financial Industry Regulatory Authority (FINRA), the Commodity Futures Trading Commission (CFTC), and the Public Company Accounting Oversight Board (PCAOB). We also regularly respond to investigations, and monitor and resolve issues raised, by state attorneys general, district attorneys and regulators, including multijurisdictional matters.
California Attorney General CCPA FAQs – Clarification for Consumers, Help for Businesses
State Attorney General Offices Address COVID-19 Consumer Protection Issues
Quyen Truong Featured in Article on Mortgage Risks Amid COVID-19 Crisis
Julia Strickland Named ‘Top Women Attorney’ by the Los Angeles Business Journal
Brian Frontino Considers Logistics Around Remote Court Arguments Amid COVID-19 Pandemic
Stroock Ranked in 7 Practice Areas by Chambers USA 2020; 17 Leading Lawyers Recognized
COVID-19’s Impact on Consumer Financial Services Litigation: Chapter 1 - Credit Reporting
Quyen Truong Provides Top Tips for Dealing With Debt During the COVID-19 Crisis
California Consumer Privacy Act Proposed Rules: Modified to Recognize Business Realities?
2020 Annual Overview of California's Unfair Competition Law and Consumers Legal Remedies Act
Quyen Truong Discusses Ramifications of CFPB Office Closing Until April
Stephen Newman Discusses New Legislation on Privacy and Data Security Policies
Actions Taken by NYS Department of Financial Services in Connection With Coronavirus
California Consumer Privacy Act Proposed Rules: Modified to Recognize Business Realities?
Arjun Rao Recognized as ‘Top Minority Attorney’ by LA Business Journal
Stephen Newman Explores TCPA Constitutionality as a 2020 ‘Consumer Protection Case to Watch’
Quyen Truong Featured in Article on CFPB Director’s Enforcement Changes
Christopher Fredrich and Julieta Stepanyan Featured on Personal Jurisdiction Webinar
Considering Appellate Jurisdiction to Review Orders Compelling Arbitration
Christine Ellice Receives Chamber of Commerce ‘Women of Achievement’ Honor
Financial Services Professionals Should View LIBOR Transition With ‘Urgency’
Arjun Rao Quoted in “FCC’s Call-Blocking Plan Weathers Industry Resistance”
Stroock Ranked in 9 Practice Areas by Chambers USA 2019; 25 Leading Lawyers Recognized
Quyen Truong Quoted in “Why Aren’t White House Hopefuls Talking About Banking?”
Quyen Truong Quoted in “How Far Will CFPB Go to Modernize Debt Collection Rules?”
Julia Strickland Named to LA Business Journal's "Most Influential Women Lawyers" List
Brian Frontino Quoted in “On the Radar: Lenders Eye 3 States Set to Intensify Oversight”
2019 Annual Overview of California's Unfair Competition Law and Consumers Legal Remedies Act
SCOTUS Limits the Definition of ‘Debt Collector’ Under the Fair Debt Collection Practices Act
Quyen Truong Quoted in “CFPB Could Be Prepped for Wrong Payday Fight”
Quyen Truong Quoted in “CFPB Likely to Scrap ATR Portion of the Payday Rule”
Quyen Truong Quoted in “Government Shutdowns Add New Wrinkle to Credit Bureau Reform”
Quyen Truong Quoted in “Kraninger Confirmed as CFPB Director. Will She Bring Change?”
Quyen Truong Quoted in “After Year With Mulvaney, CFPB Enters Kraninger Era”
Benchmark Litigation Recognizes Stroock Lawyers and Litigation Department in its 2019 Guide
“Arbitration Update – Relief Sought in Class Action Held Not to Be ‘Public Injunctive’ Relief”
Quyen Truong quoted in “CFPB path to unwinding payday rule riddled with legal land mines”
Quyen Truong quoted in “CFPB, Payday Groups Again Denied Stay Of Payday Rule”
Quyen Truong quoted in “Vulnerable Dems side with Warren in Battle over Consumer Bureau”
Quyen Truong quoted in “CFPB Reduces Fines on Debt Collector for Financial Condition”
“Proposed Revisions to the Volcker Rule’s Implementing Rules – Select Proposals and Open Questions”
Stephen Newman quoted in “California Takes ‘Giant Leap Forward’ on Consumer Data-Privacy Rights”
Brian Frontino quoted in “Supreme Court Could Kill Some Foreclosure Collection Lawsuits”
“California Poised to Enact Broad-Reaching Consumer Privacy Legislation”
Quyen Truong quoted in “Currency Comptroller Resists Calls For Bank Review Info”
Quyen Truong quoted in “CFPB to Tailor Enforcement Based On Scale and Intent of Violations”
Quyen Truong quoted in “Organizational Changes to CFPB Might Have Profound Impact”
Quyen Truong quoted in “Consumer Advocates Dodged CFPB Gutting With Banking Bill”
Quyen Truong quoted in “CFPB to Revisit the ECOA Requirements, Submit Guidance”
Quyen Truong quoted in “Trump Signs Reg Relief Bill Into Law, No Change in CFPB Structure”
Quyen Truong quoted in “US has more than 5,600 banks. Consolidation is coming”
2018 Annual Overview of California's Unfair Competition Law and Consumers Legal Remedies Act
Stephen Newman quoted in “California High Court Rules Colleges Must Protect Students”
"DC Circuit Issues Long-Awaited Opinion Addressing Challenges To FCC's 2015 TCPA Ruling"
Stephen Newman quoted in “Justices Hone Creditors’ Ability To Ax Pre-Bankruptcy Deals”
Quyen Truong quoted in "CFPB Ruling Seen as Big Win for Mortgage Lenders"
Quyen Truong featured in "Will the Payday Lending Rule Die or Survive?"
Quyen Truong quoted in "Mulvaney Asks for Zero Funding, Saying Current Funds are Adequate"
Quyen Truong quoted in "Not so fast: CFPB effort to reopen payday rule faces hurdles"
Quyen Truong quoted in "Mulvaney Opens Review That Could Declaw CFPB"
Quyen Truong quoted in "Consumer Finance Lawyers Prep Wish Lists as CFPB Retools"
Quyen Truong quoted in "What to Expect Under Mulvaney: Less Hostility Toward Industry"
Quyen Truong quoted in "Trump pick plans radical shake-up of consumer protection agency"
Quyen Truong quoted in "Lawyers predict CFPB pick will be decided in court: report"
Quyen Truong quoted in "Succession Battle at U.S. Financial Agency Seen Headed to Courts"
Quyen Truong quoted in "With Cordray’s Exit, Could CFPB Moot PHH Constitutional Issue?"
Quyen Truong quoted in "Radical changes ahead for CFPB after Cordray departure"
Quyen Truong quoted in "Cordray Leaves Mixed Legacy As He Departs CFPB"
James Bernard Named 2017 Litigation Trailblazer by the National Law Journal
Quyen Truong quoted in "Industry Groups Celebrate Demise of CFPB Arbitration Rule"
Quyen Truong quoted in "Inside Cordray’s ill-fated gamble on CFPB arbitration rule"
Quyen Truong quoted in "Treasury Report Adds To Case Against CFPB Arbitration Rule"
Quyen Truong quoted in "Treasury: CFPB Arbitration Rule Will Bring ‘Extraordinary Costs’"
Quyen Truong quoted in "U.S. consumer finance agency expected to punish Equifax –lawyers"
Quyen Truong quoted in "With or without Democratic director, U.S. consumer watchdog to be weakened"
Quyen Truong quoted in "CFPB move to split payday rule may help it survive congressional challenge"
Quyen Truong quoted in "CFPB Director Succession Plans Hinge on Courts, Politics, Competing Laws"
"Ninth Circuit Rules Plaintiff Has Article III Standing In Spokeo, Leaves More Questions Unanswered"
Quyen Truong quoted in "At 2017's Mid-Point, Some Key Cases on Bank Radar Screens"
Quyen Truong quoted in "Opponents to Consumer Arbitration Rule Plan Repeal Effort"
Quyen Truong quoted in "New rule: Consumers can bring class actions against financial institutions"
Quyen Truong quoted in "With 'rip-off clause' quashed, consumers can now sue banks in class-action"
Quyen Truong quoted in "Arbitration Rule Sets CFPB Up for Fight With Republicans"
Quyen Truong quoted in "CFPB Bets Congress Will Let Arbitration Rule Slip By"
Stephen Newman quoted in "Your Favorite Retailer Has Filed For Bankruptcy; Now What?"
"Second Circuit Holds That Contractually Provided TCPA Consent May Not Be Unilaterally Revoked"
Quyen Truong featured in "Q&A: Stroock's Quyen Truong on high court's debt collection decision"
Quyen Truong quoted in "Online Lender Seeking Charter Goes Where Wal-Mart Failed"
Quyen Truong quoted in "U.S.-PHH Tag Team Raises Stakes in Test of CFPB's Constitutionality"
Quyen Truong quoted in "Republican Threat to CFPB Rules May Mean Enforcement Boost"
Quyen Truong quoted in "CFPB’s Prepaid Card Rule Evades Repeal, But Tweaks Coming"
Quyen Truong quoted in "Time Running Out on Bid to Repeal Prepaid-card Rule"
Stephen J. Newman quoted in “Your Favorite Retailer Has Filed For Bankruptcy; Now What?”
"D.C. Circuit Strikes Down FCC’s Order Requiring Opt-out Language on Solicited Fax Advertisements"
2017 Annual Overview of California's Unfair Competition Law and Consumers Legal Remedies Act
Quyen Truong quoted in "CFPB Would Lose Powerful Legal Weapon Under Republican Plan"
Quyen Truong quoted in "Mnuchin Could Reshape Systemic Risk Designations"
Quyen Truong quoted in "The Watchdog Protecting Consumers May Be Too Effective"
Quyen Truong quoted in "CFPB clearing decks with slew of lawsuits as Cordray battle looms"
Stephen J. Newman quoted in "Looking on the Bright Side: Investors may Cheer Trump Plans"
Stephen J. Newman quoted in "Tribune Co Shareholders’ Legal Woes over 2007 Buyout Near End"
Quyen Truong quoted in “The Glory Days of Elizabeth Warren’s CFPB Are Numbered”
Quyen Truong quoted in “What President Trump Means for Regulation and Regulators”
Quyen Truong quoted in “CFPB's Arbitration, Payday Plans May Be Derailed, Gutted”
Quyen Truong quoted in “Trump Win Puts a Bullseye on Elizabeth Warren’s Banking Watchdog”
Quyen Truong quoted in “In Afterglow of Wells Case, U.S. Consumer Agency Faces Fight for its Life”
Quyen Truong quoted in "CFPB Wells Fargo Fine A Red Flag On Pay, Sales Plans"
Quyen Truong quoted in "CFPB Rule Gives Mortgage Servicers Enough Rope to Hang Themselves"
Quyen Truong quoted in "CFPB Punts on TRID Errors, But Offers Plenty More for Lenders"
Quyen Truong quoted in "CFPB TRID update denies mortgage industry request"
"Possible Changes to the Federal Trade Commission’s “Holder Rule” Could Affect Consumer Finance"
Quyen Truong profiled in "Q&A: Former CFPB official on constitutional, political challenges"
Quyen Truong quoted in "Payday Move Sounds Simple, but the Devil Is in the Details"
Quyen Truong quoted in "CFPB Proposal Could Shut Off Bank Payday Loan Alternative"
Quyen Truong quoted in "Former CFPB Official Still Sees Plenty of Challenges Ahead"
Stephen J. Newman quoted in "Supreme Court Delivers Victory for People-Search Firm Spokeo"
Stephen J. Newman quoted in "Attorneys React To Supreme Court's Spokeo Ruling"
"Supreme Court Rules In Spokeo, Inc. v. Robins: Injury Must Be Particularized And Concrete"
Quyen Truong quoted in "How the Industry May Challenge CFPB's Arbitration Plan"
Quyen Truong quoted in "Bloomberg Law: CFPB Proposes New Arbitration Rules"
Quyen Truong quoted in "CFPB Faces Backlash Over Mandatory Arbitration Ban"
CFPB Publishes Long-Awaited Proposed Rule Precluding Class-Action Waivers in Arbitration Agreements
2016 Annual Overview of California's Unfair Competition Law and Consumers Legal Remedies Act
"Supreme Court Ruling in Tyson Foods Leaves Many Class Action Questions Unresolved"
Stephen J. Newman quoted in "New Cyber Law Won't Be Liability Protection Panacea"
Stephen J. Newman quoted in "Attys React To Supreme Court's DirecTV Arbitration Decision"
Stephen J. Newman quoted in "Information sharing bill draws near, but"
Stroock Recommended Nationwide, in New York and California by Benchmark Litigation 2016 Guide
Stroock Continues Expansion of Litigation Practice with Addition of Lewis F. Murphy
"Seventh Circuit Reverses Dismissal of Data Breach Class Action on Standing Grounds"
Stephen J. Newman quoted in "The Biggest California Court Decisions So Far In 2015"
"Court Dismisses Data Breach Action, Rejecting Multiple Standing Theories"
Stroock partners mentioned in "Zappos Data Breach MDL Booted Over Lack Of Harm"
Julia Strickland Named to the Los Angeles Daily Journal's "Top Women Lawyers" List for 2015
2015 Annual Overview of California's Unfair Competition Law and Consumers Legal Remedies Act
"Recent Developments in Data Furnisher Liability under the Fair Credit Reporting Act"
"Recent Developments under the Servicemembers Civil Relief Act and the Military Lending Act"
"California Court Of Appeal Issues Important Federal Arbitration Act Preemption Ruling"
"California Supreme Court Issues Important Federal Arbitration Act Preemption Ruling"
"Important California Supreme Court Decision Regarding Use Of Statistical Sampling In Class Actions"
2014 Annual Overview of California's Unfair Competition Law and Consumers Legal Remedies Act
2013 Annual Overview of California's Unfair Competition Law and Consumers Legal Remedies Act
Four Major Supreme Court Developments Affecting Class Action Litigation
2010 Annual Overview of California's Unfair Competition Law and Consumers Legal Remedies Act
"2007 Overview of California's Unfair Competition Law and Consumer Legal Remedies Act"
"Recent Developments Under the Class Action Fairness Act of 2005 (“CAFA”)"
"California Supreme Court Addresses Enforceability Of Class Action Waivers"