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Spencer Mobley is an associate in the firm’s Birmingham office and is a member of the firm’s Financial Services Litigation Practice Group. In his practice, Spencer represents mortgage lenders and servicers through negotiation and litigation to maximize recovery and mitigate mortgage loan losses caused by issues in enforcing mortgage liens and note obligations. View articles by Spencer

CFPB Expands Supervision to Nonbank Auto Finance CompaniesThe Consumer Financial Protection Bureau (CFPB) has published a rule that expands the CFPB’s supervision to nonbank auto finance companies for the first time. The CFPB currently supervises automobile financing at the largest banks and credit unions. Pursuant to the CFPB’s authority under Dodd-Frank, the new rule extends the CFPB’s supervision to nonbank auto finance