On January 31st, the D.C. Circuit ruled that the leadership structure for the Consumer Financial Protection Bureau established under the Dodd-Frank Act is consistent with the U.S. Constitution.  That the CFPB is headed by a single individual with a five-year term and can be fired only for cause does not impinge on the President’s executive…

Consumer Financial Protection Bureau Director Richard Cordray has announced his resignation.  Although not unexpected, his move may have far-reaching ramifications on the regulatory landscape in consumer finance and residential lending. You can read more here. John Mussman is a leading banking and financial services lawyer. He represents banks, mortgage lenders, and other financial services providers, focusing on banking and…

On November 8, Mr. Mussman offered a presentation at the Chicago Bar Association — Financial Institutions Committee — about the recent case law regarding doctrines developed by the United States Supreme Court in Spokeo v. Robins and Texas Department of Housing v. Inclusive communities project.

Rimon Partner John Mussman discusses the Senate’s vote to scuttle the Consumer Financial Protection Bureau’s arbitration rule. The arbitration rule restricted financial service companies from forcing customers into arbitration, made it easier for customers to sue banks and financial firms and arguably would have encouraged class action litigation. You can read more here

We are delighted to announce that ACQ5 (Acquisition Finance Magazine) recognized Rimon, two of its partners, and Rimon’s CEO with six awards. Rimon was named the US Compliance Law Firm of the Year, California Technology Law Firm of the Year, and California Sports & Entertainment Law Firm of the Year. Additionally, Michael Moradzadeh, Rimon’s CEO, was awarded the California Technology…

Mr. Mussman was a proud sponsor of The Heroes Curing Childhood Cancer event which took place at The Ritz-Carlton, Washington, D.C, on February 25, 2017.  This annual fundraiser provides vital funds for pediatric cancer patient care and research at Children’s National Organization.  The event has raised over $3 million since its inception and has the…

The California Finance Lenders Law exempts banks, thrifts and certain other financial institutions from its licensing requirements imposed on finance lenders and brokers.1 Similarly, the California Residential Mortgage Lending Act exempts banks, trust companies, savings and loan associations and other thrifts2 from its licensing requirements.3 Effective September 28, 2016, California’s amended regulations provide that subsidiaries and other affiliates…

New York, NY — Monday, August 15, 2016 — Rimon, P.C. is proud to announce that six of its Partners, across five offices, have once again been honored by The Best Lawyers in America®, the oldest, most recognized and respected attorney-reviewed publication in the legal field. Our honored partners were: Corporate Attorney Bernays T. (Buz) Barclay in Rimon’s New York…

Over the last two months, Rimon Law has brought aboard a trio of new partners from top tier firms. Banking partner John Mussman in Chicago; International transaction partner Robert Q. Lee in Rimon’s newly inaugurated Orlando/Miami, and Commercial litigation partner Brian Hafter in San Francisco. These recent moves have been well covered in the press with stories in…

John Mussman, Partner at Rimon Law, discussed at the Chicago Bar Association recent developments in fair credit law, including last summer’s Supreme Court decision in Inclusive Communities. In that case, the Court recognized disparate income claims under the Fair Housing Act. He briefly cases in lower courts exploring the reasoning in Inclusive Communities, particularly the requirement that there be “robust…