Orange County Consumer Finance Lawyer and Consumer Finance Disputes & Litigation

Legal representation will inevitably become a major concern for virtually any business, and this is especially true for the financial services sector. Whether your organization has an in-house legal team that requires support or you are searching for outside counsel, the Orange County consumer finance lawyers at the Scheer Law Group, LLP can assist you.

For financial services companies, the constantly changing regulations and laws have opened them to an increase in litigation and class action claims against them. Part of remaining competitive in this industry means working with an attorney who will look out for your interests and keep up with the changes. You deserve an Orange County consumer finance lawyer who can help you navigate consumer finance disputes and litigation.

At Scheer Law Group, LLP, our attorneys have over 30 years of experience helping our clients in the financial industry as they work through the legal challenges associated with their industry. From investors to mortgage lenders, our team takes a client-first approach. We provide legal assistance for a variety of financial services, including debt collection, mortgage servicing, and more. Our team can help you in both state and federal courts.

How Do Consumer Finance Laws Impact Financial Institutions?

Expanded on January 1, 2022, financial institutions such as payday lenders, debt collectors, or other alternative financial service providers must meet new oversight regulations as defined by the California Consumer Financial Protection Law (CCFPL). The purpose of the expansion is to hold accountable institutions that may use unfair, deceptive, or abusive practices to conduct business. By instituting these regulations, there is a push to keep those in this industry on a level playing field.

However, violating these regulations could result in significant penalties issued by the Department of Financial Protection and Innovation, or DFPI. For institutions that may violate these regulations, they could face any of the following:

• Any institution in violation of the CCFPL could be penalized the greater amount of $5,000 per day they are in violation or fail to pay or $2,500 for any act of omission or violation
• If a violation of the CCFPL is considered reckless, the penalty could be the greater amount of either $25,000 per day they are in violation or fail to pay or $10,000 for any act of omission or violation
• If the violation of the CCFPL is intentional, the penalty could mean the greater of 1 percent of a person’s total assets, $1,000,000 for each day the violation is ongoing, or $25,000 for any act of omission or violation

This law does not change any current standing laws in California’s financial codes. In fact, the CCFPL encourages the institution of other penalties prior to their own imposition as a way to discourage violations.

How Does an Attorney Help Consumer Finance Companies?

With the help of attorneys like those at the Scheer Law Group, LLP, you will gain the experience and knowledge you need to work through industry regulations. With our help, you will be able to navigate the legislation, oversight, licensing, matters of compliance, and much more. Our attorneys in Orange County, CA track the ebbs and flows of the regulatory commissions to ensure that those we represent are following the appropriate consumer financial laws.

For many companies, violations may occur, but having the experience of an attorney on your side to help you navigate any violations that arise is crucial. We advise and represent various entities within financial companies in reaching negotiated resolutions, including individuals, company officers, and even special committees.

An experienced Orange County consumer finance lawyer can be an invaluable asset for a single case, but you also have the opportunity to develop a valuable professional partnership that can provide ongoing support for your organization into the future. After helping you resolve an impending consumer finance case, the attorneys at the Scheer Law Group, LLP can assist you in strengthening your organization to prevent similar legal issues in the future.

The constantly evolving nature of consumer finance laws demands close attention to the latest legislative updates in this area of law, and a trusted legal representative can be valuable for your company’s interests. The Scheer Law Group, LLP can help you identify the root cause of a recent consumer finance dispute, identify related issues that may arise in the future, and develop cohesive solutions that limit your company’s exposure to future consumer litigation.

What to Expect From the Scheer Law Group, LLP

Every investment you make into your organization must yield an appropriate return, and an experienced Orange County consumer finance lawyer can be a tremendous asset for many reasons. Our team has years of professional experience with complex business litigation, and we know how to identify our clients’ key areas of concern and greatest legal vulnerabilities. You can expect meticulous and responsive communication with our team in all interactions.

We can help with acute consumer finance cases and help you protect your business, and also assist you in developing new internal policies and creating more holistic legal protections for your enterprise. Many consumer finance cases arise from legal oversight, and an experienced attorney is the ideal asset to help you account for any such vulnerabilities so you can appropriately address them, protecting your business for the future.

Representation You Can Trust in Orange County, CA

Our litigation record speaks for itself, and we have assisted many business clients of all sizes with a wide range of consumer finance cases. We know there is no one-size-fits-all solution to every consumer finance issue a business can face and that every client requires close individual attention. You can expect a tailored legal strategy that fits your operating budget and a clear return on the investment you make into our team’s legal services.

Time is a crucial concern for any business leader, and the sooner you connect with our firm, the sooner we can begin developing a sound legal strategy for overcoming your impending consumer finance case. If you are ready to learn what the Scheer Law Group, LLP can offer your company, contact us today to schedule a consultation with our team.