Enhanced Consumer Law Enforcement: Class Actions Often Follow

Consumer protection laws have never posed more risks and burdens for business. Enhanced enforcement is coming from four different arms of the government: the Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), the U.S. Department of Justice and state attorneys general. Class actions, as well as shareholder lawsuits, often follow. Troutman Sanders attorneys Alan Wingfield and Paige Fitzgerald look at the risks, and then lay out the essentials of a state-of-the-art compliance system.