Consumer Protection in Financial Services

Since opening its doors in July 2011, the Consumer Financial Protection Bureau (CFPB) has focused on monitoring and enforcing financial institutions' compliance with consumer financial protection laws and regulations, as well as preventing unfair, deceptive, or abusive acts and practices under the Dodd-Frank Act. The bureau has exercised regulatory oversight and initiated enforcement actions against firms in a wide range of financial services industries. The CFPB's broad mandate covers credit cards, bank accounts and services, mortgages, private student loans, and auto lending, among other financial products and service areas.

NERA's economists have extensive experience with consumer protection issues in financial markets and with financial institution regulatory compliance. Institutions rely on NERA to provide expert analysis, assessments, and testimony in regulatory reviews and litigation proceedings. Our deep practical expertise cuts across the financial industry, including banking, investment products, credit cards, and mortgage origination and securitization. Many of NERA's economists have direct regulatory experience, having held key positions at government agencies including the Federal Reserve Board, the Commodity Futures Trading Commission, the Securities and Exchange Commission, the Federal Trade Commission, and the President's Council of Economic Advisers. Outside of the public sector, NERA experts have held senior positions at some of the world's leading financial and advisory companies. We combine an authoritative understanding of the relevant laws and regulations with the industry's leading experience in producing highly rigorous and objective economic analysis to help financial institutions adapt to regulatory overhaul in the area of consumer protection.

In the area of consumer protection, NERA experts have experience with:

  • Allegations of false advertising and deceptive practices
  • Allegations of excessive mortgage and credit card fees
  • Market research and analysis of consumer reactions to various financial programs and proposed regulations
  • Economic analysis, both theoretical and empirical, of consumer protection regulations
  • Assessment of financial institution regulatory compliance systems and procedures
  • Fair lending compliance assessment and monitoring
  • Monitoring and assessment of best practices and emerging practices
Name Title Location Phone Email
Dr. Andrew Carron Chairman New York City
London
+1 212 345 5407
+44 20 7659 8500
andrew.carron@nera.com
Prof. Dr. Frank P. Maier-Rigaud Managing Director
Head of Competition Economics Europe
Berlin
Brussels
Paris
+49 30 700 1506 80
+32 2 674 8818
+33 1 70 75 0180
frank.maier-rigaud@nera.com
Dr. Marcia Kramer Mayer Managing Director New York City +1 212 345 2196 marcia.mayer@nera.com
James Mellsop Managing Director Auckland
Wellington
Sydney
+64 9 928 3290
+64 4 819 2550
+61 2 8864 6536
james.mellsop@nera.com
Dr. Faten Sabry Managing Director
Bankruptcy Practice Chair
New York City
London
+1 212 345 3285
+44 20 7659 8618
faten.sabry@nera.com
Dr. Anne Gron Director Chicago +1 312 573 2850 anne.gron@nera.com
Drew Claxton Associate Director New York City +1 212 345 3442 drew.claxton@nera.com
Dr. Ignacio Franceschelli Senior Consultant New York City +1 212 345 2842 ignacio.franceschelli@nera.com
Bastian Gottschling Principal Frankfurt
Berlin
+49 69 710 447 504
+49 30 700 1506 01
bastian.gottschling@nera.com
Ivelina Velikova Senior Consultant New York City +1 212 345 1160 ivelina.velikova@nera.com
Dr. J. Howard Beales, III Affiliated Academic Washington, DC +1 703 346 1290 hbeales@gwu.edu
Dr. James Overdahl Affiliated Industry Expert Washington, DC +1 202 547 3035 joverdahl@deltastrat.com
Dr. Robert Mackay Affiliated Consultant Washington, DC +1 202 466 9291 robert.mackay.affiliate@nera.com
Title Type Author
Consumer Class Action Settlements: 2010-2013 Settlements Increasing, With a Focus on ... Working Paper By Dr. Stephanie Plancich, Adam Augustson, and Wendy Magoronga
Comcast and Economic Analysis of Class Certification Issues Working Paper By Drew Claxton and Dr. Faten Sabry
Economic Analysis in the Federal Rule-Making Process to Implement the Dodd-Frank Wall... Working Paper By Dr. James Overdahl
Ponzi Scheme Detection: How the SEC Can Catch the Next Thief Working Paper By Dr. Marcia Kramer Mayer
Study of the Impact of Securitization on Consumers, Investors, Financial Institutions... Study By Dr. Faten Sabry and Dr. Chudozie Okongwu
Where Was SOX? Published Article By Dr. Henry Butler with Professor Larry E. Ribstein, Mildred Van Voorhis Jones Chair in Law at the University of Illinois
The Use of Economic Analysis in Predatory Lending Cases: Application to Subprime Loan... Published Article By Dr. Denise Neumann Martin, Dr. Stephanie Plancich, and Dr. Faten Sabry
When Do Breakpoints Give Mutual Fund Investors a Break? Published Article By Dr. Faten Sabry with Dr. Winai Wongsurawat of the Asian Institute of Technology, Thailand
Title Date
The Best of NERA 2011 26 July 2011