Insights & Publications
Diversity & Inclusion
© 2021 Debevoise & Plimpton LLP
N.Y. Department of Financial Services Begins to Flex Dodd-Frank Muscles
25 April 2014
View Client Update
By bringing consumer financial enforcement actions under Section 1042 of the Dodd-Frank Act, state officials may enjoy access to better discovery tools and potentially could obtain higher penalties.
Increased state use of Section 1042 may spark increased concurrent and follow-on federal enforcement activity.
A proliferation of state enforcement actions could lead, in the near term, to conflicting judicial interpretations of Dodd-Frank’s consumer financial protection provisions.
White Collar & Regulatory Defense
Banking Enforcement & Litigation
Eric R. Dinallo
UK Modern Slavery Act Transparency Statement
Debevoise Login (2)
Debevoise Women's Review