State attorneys general are not waiting to see what the future holds for the Consumer Financial Protection Bureau (CFPB). As federal oversight recedes, states are stepping up enforcement and strengthening consumer protection regulations at the state level.
This shift—accelerated by efforts to limit the CFPB’s authority under the Trump administration—creates a complex landscape where businesses must navigate a patchwork of state-level statutes, regulations, and enforcement priorities. Anticipating this trend, Ballard Spahr has assembled a dedicated Response Team to help banks and other financial institutions adapt to the evolving regulatory environment and mitigate risks in an era of heightened state-level enforcement.
State AG Investigations: A Triple-Strength Response Team
Ballard Spahr brings an unmatched combination of experience to state attorney general (AG) enforcement matters. Our team is uniquely positioned to defend clients in high-stakes investigations, with:
- Former senior officials and leaders from state AG offices, who understand enforcement priorities and regulatory strategy from the inside, including the former First Deputy Attorney General of Pennsylvania and the former Deputy Solicitor General in the Washington State Office of the Attorney General.
- Litigators with extensive experience negotiating, resolving, and, when necessary, litigating against state AGs in complex, multistate enforcement actions.
- A powerhouse Consumer Financial Services (CFS) Group with a top-tier Chambers ranking and decades of regulatory and transactional experience, ensuring that our clients receive a fully integrated approach to enforcement defense, compliance strategy, and litigation risk management.
Representative Experience
Matters representative of our experience include:
- Student Lending and Servicing – Defended one of the largest student loan servicers in a high-profile multistate AG investigation that resulted in nationwide litigation and regulatory enforcement
- Mortgage Servicing and Foreclosure Practices – Represented a major mortgage servicer in a 50-state AG investigation into servicing and loss mitigation practices, negotiating a resolution that avoided protracted litigation
- Mortgage Lending – Represented a large regional mortgage lender and affiliated real estate brokerage in connection with allegations of discriminatory lending practices brought by multiple state AGs and the CFPB
Featured Services and Resources
Read the latest and most comprehensive updates on state-level developments on our Consumer Finance Monitor Blog.