Clark Hill Attorney Joann Needleman Quoted in American Banker

Clark Hill Banking & Financial Services attorney Joann Needleman was recently quoted in American Banker on the Consumer Financial Protection Bureau’s final debt collection rule, which was released on Friday, Oct. 30. The rule restricts how often collectors can call borrowers to seven calls per week but for the first time allows communications by voice mail, email, and text messages.

“Much of the litigation in debt collection revolves around validation notices so for industry that is a big punt because it harms all stakeholders,” said Needleman, who is also the Leader of the firm's Consumer Financial Services Regulatory & Compliance group.

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Needleman serves as a navigator to her clients seeking advice and guidance in the complex regulatory environment facing the financial services industry. She provides counsel, consultation, and litigation services to a wide array of financial institutions, law firms, credit reporting agencies, as well as venture capital firms looking to invest in the fin-tech space.