Venable victory keeping businesses confidential in CFPB suit featured in National Law Journal

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In a June 15, 2016 article, National Law Journal featured Venable's latest victory on behalf of a group of businesses in the consumer credit counseling market in a suit against the Consumer Financial Protection Bureau (CFPB). Standing by an earlier decision, a federal judge ruled this week that he would not publicly reveal the identities of the companies suing the CFPB citing the potential for "substantial harm" to the companies. In rejecting the CFPB's request to reveal the company names, the judge added that the agency "has yet to make any allegations of wrongdoing—and may never do so."

Venable partner Allyson Baker, who represents the companies, wrote in post-hearing court papers that the CFPB asked the companies "pick their poison: either sacrifice their attorney client privilege or move to protect their privilege, but risk being outed as the target of an ongoing government investigation."

In addition to Baker, associates Ben Horowitz and Katie Wright also represent the companies involved in the matter.