Preventing, Defending and Resolving

Consumer Credit Litigation

Firm Offers • FCRA • Fair/Predatory Lending • Section 8

Tuesday, June 05, 2007

About

Does your company have an extra $19.25 million on the balance sheet?

It’s no secret that lawsuits filed by consumers against banks, mortgage lenders, credit issuers and other finance institutions are growing exponentially. The costs of defending these actions, whether in a private or class context, combined with astronomical jury awards can have a significant impact on your company’s bottom line. In a high profile case, a jury this past November awarded the plaintiffs $19.25 million in damages for failure to disclose to its customers a rate increase!

Jury awards against consumer finance companies are reaching unprecedented levels.

We know jury awards are not shrinking and that plaintiffs have become increasingly creative in bringing forth their causes of action, leaving no room for litigation errors. To avoid becoming the next casualty of the steamrolling plaintiffs’ movement, corporate counsel and litigators for consumer finance companies need thorough and up to date knowledge of the latest strategies for conquering and defending these claims.

Now, more than ever, it is imperative to avoid and defend against unnecessary litigation risks

ACI’s Preventing and Resolving Consumer Banking Litigation provides information to learn effective strategies to avoid and manage these high risk cases. This publication brings together expert litigators and experienced in house counsel to give you practical advice to steer clear of financial liability and successfully defend the growing claims again consumer finance institutions.

Contents & Contributors

About

Does your company have an extra $19.25 million on the balance sheet?

It’s no secret that lawsuits filed by consumers against banks, mortgage lenders, credit issuers and other finance institutions are growing exponentially. The costs of defending these actions, whether in a private or class context, combined with astronomical jury awards can have a significant impact on your company’s bottom line. In a high profile case, a jury this past November awarded the plaintiffs $19.25 million in damages for failure to disclose to its customers a rate increase!

Jury awards against consumer finance companies are reaching unprecedented levels.

We know jury awards are not shrinking and that plaintiffs have become increasingly creative in bringing forth their causes of action, leaving no room for litigation errors. To avoid becoming the next casualty of the steamrolling plaintiffs’ movement, corporate counsel and litigators for consumer finance companies need thorough and up to date knowledge of the latest strategies for conquering and defending these claims.

Now, more than ever, it is imperative to avoid and defend against unnecessary litigation risks

ACI’s Preventing and Resolving Consumer Banking Litigation provides information to learn effective strategies to avoid and manage these high risk cases. This publication brings together expert litigators and experienced in house counsel to give you practical advice to steer clear of financial liability and successfully defend the growing claims again consumer finance institutions.

Contents & Contributors

FIRM OFFERS OF CREDIT – A CASE STUDY
Rik Tozzi, Starnes & Atchison (Birmingham, AL)

THE PROGENCY OF SOMMERSFORF: SHOULD CREDIT REPORTING BE THE BASIS FOR A CLAIM UNDER THE BANKRUPTCY CODE?
Debra Lee Hovatter, Spilman Thomas & Battle PLLC (Morgantown, West Virginia)

FAIR DEBT COLLECTION
Robin E. Eichen, Federal Trade Commission (New York, NY)

OVERVIEW OF RESPA AND DIGEST OF RESPA CASES 2006-7
Frank Hirsch, Nelson Mullins Riley & Scarborough LLP (Raleigh, NC)

RESPA COMPLIANCE AND ENFORCEMENT: DEALING WITH THE CHALLENGES
Jeffrey P. Naimon, Buckley Kolar LLP (Washington, DC)

ETHICS IN CONSUMER DREDIT LITIGATION
Robert Ambler, Jr., Womble Carlyle Sandridge & Rice, PLLC (Atlanta, GA)
Scott Schuttes, Howrey LLP (Chicago, IL)
James Bergin, Morrison & Foerster, (New York, NY)

HOW RO DRARFT AN ENFORCABLE ARBITRATION CLAUSE
Kirk D. Jensen, Buckley Kolar LLP (Washington, DC)

ARBITRATION CLAUSES: WINNING THE ENFORCEABILITY BATTLE
Benjamin Klubes, Skadden Arps Slate Meagher & Flom, LLP (Washington, DC)

CLASS ACTIONS, ARBITRATION CLAUSES AND CLASSWIDE ARBITRATION
H. Hunter Twiford III, McGlinchey Stafford (Jackson, MS)

PREPARING FOR NEW CLAIMS OF DISCRIMINATORY LENDING AND HMDA-RELATED CLASS ACTIONS
Loretta Salzano, Franzen & Salzano (Atlanta, GA)



DOCUMENT TYPES: PRESENTATIONS AVAILABLE: 0