Covid-19 Consumer Finance Litigation and Enforcement Threats
Author: Quyen T. Truong.; Julia Strickland.
Source: Volume 36, Number 08, August 2020 , pp.87-91(5)
next article > |return to table of contents
Abstract:
Major components of governmental efforts to counter COVID-19’s economic impact have focused on providing financial accommodations to consumers and credit to small businesses suffering hardship from the pandemic. This article discusses the resultant litigation and enforcement risks that loom for financial services companies, as well as potential mitigation strategies, during the COVID-19 crisis and its aftermath.Keywords: Unfair or Deceptive Acts and Practices; Risk Mitigation; California Consumer Privacy Act
Affiliations:
1: Stroock & Stroock & Lavan LLP; 2: Stroock & Stroock & Lavan LLP.