Mr. Permut defends against a variety of putative nationwide class actions arising under the Truth in Lending Act (TILA), the Real Estate Settlement Procedure Act (RESPA), state unfair and deceptive acts and practices laws (UDAP), the Fair Debt Collection Practices Act (FDCPA), the Fair Credit Reporting Act (FCRA), and other consumer lending statutes and regulations. He also has represented a number of financial institutions in contested matters before federal and state administrative agencies. In addition, Mr. Permut advises clients on compliance with consumer financial services laws and regulations.
His recent work includes:
- Representation of a joint venture between a mortgage lender and a real estate broker in two class actions challenging the affiliated business arrangement under RESPA and state law, culminating in a five-week jury trial tried to a defense verdict
- Defense of a major credit card issuer in an MDL proceeding and state attorney general enforcement actions regarding credit card add-on products
- Representation of a major debit card issuer in putative nationwide class actions challenging the assessment of overdraft fees
- Representation of a major mortgage servicer in defending numerous putative nationwide class actions challenging lender-placed insurance practices
- Defense of a major loan servicer in class actions regarding the collection of default servicing fees from debtors in Chapter 13 bankruptcies
- Successful defense of RESPA claims brought against affiliated business arrangements involving appraisal management and credit reporting companies
- Defense of two national lenders in putative class actions challenging captive mortgage reinsurance arrangements
Mr. Permut is a member of the American Bar Association’s Consumer Financial Services Committee and formerly served as a Co-Chair of the Committee’s Housing Finance Subcommittee. Mr. Permut is a member of the Governing Committee of the Conference on Consumer Finance Law.