Practice Areas

Education

  • Georgetown University Law Center, LL.M.

  • State University of New York at Buffalo, J.D.

  • Vanderbilt University, B.A. cum laude

State Bar Admissions

  • California

  • District of Columbia

  • Illinois

  • New York

Richard Gottlieb

Of Counsel
t:  310.556.7880
f:  310.843.2680
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Richard Gottlieb is the full-time chief legal officer of Leap Theory, LLC and Of Counsel to the firm, in its Financial Services Department. Based in both Los Angeles and Chicago, Richard is one of the nation's preeminent financial services attorneys.

In his more than three decades of practice in financial services, Richard has counseled and successfully defended the largest banks, consumer lenders and related companies in multiple bet-the-company class action and B2B litigation, regulatory and enforcement matters, and with respect to large-scale intellectual property disputes.

Richard literally “wrote the book” on consumer finance.  He is the founding, senior editor and co-author of the Consumer Financial Services Answer Book, the leading consumer credit desk reference, published annually by Practicing Law Institute.  Richard is also one of just a dozen lawyers nationally ranked by Chambers & Partners in the category of Financial Services Regulation-Consumer Finance every year since Chambers' creation of the category.

Richard received his LL.M from Georgetown University Law Center; his J.D. from the State University of New York at Buffalo; and his B.A., cum laude, from Vanderbilt University. He is an active member of the California, District of Columbia, Illinois, and New York bars.

  • Georgetown University Law Center, LL.M.

  • State University of New York at Buffalo, J.D.

  • Vanderbilt University, B.A. cum laude

  • California

  • District of Columbia

  • Illinois

  • New York

  • Fellow, American College of Consumer Financial Services Lawyers

  • Fellow, American College of Mortgage Attorneys

  • Board of Governors, Conference on Consumer Finance Law

  • Member, Federation of Defense and Corporate Counsel

  • Quoted, “Stimulus law may put disputes over PPP agent fees to rest for banks,” American Banker, December 29, 2020.

    Quoted, “‘Enigmatic’ CFPB chief could drop more surprises in a second Trump term,” American Banker, October 2, 2020.

    Quoted, “Banks, consumers groups to CFPB: Don't rush overhaul of redlining law,” American Banker, August 11, 2020.

    Quoted, “FHFA's challenge: Convincing Supreme Court it's not CFPB,” American Banker, July 14, 2020.

    Quoted, “FHFA leadership structure on shaky ground after CFPB ruling,” American Banker, July 6, 2020.

    Quoted, “Kraninger wants more money for CFPB. White House has a different plan.” American Banker, February 20, 2020.

    Quoted, “Software Provider Seeks Ax Of Loan Servicer's Antitrust Suit,” Law360, January 3, 2020.

    Quoted, “What CFPB’s Day in Court Will Mean for FHFA,” American Banker, November 1, 2019.

    Quoted, “What Supreme Court case means for CFPB’s future,” American Banker, October 21, 2019.

    Mentioned, “Ford Motor Credit Demands $112M From Dealership Chain for Fraud Scheme,” Auto Finance News, January 14, 2019.

    Quoted, “CFPB walks tightrope in effort to define ‘abusive ’ practices,” American Banker, November 11, 2018.

    Quoted, “In a twist, Mulvaney now defending CFPB enforcement powers,” American Banker, July 25, 2018.

    Quoted, “NY Ruling Could Fuel Push To Turn CFPB Into Commission,” Law360, June 25, 2018.

    Quoted, “Chaos atop CFPB could get worse after appeals court ruling,” American Banker, June 26, 2018.

    Quoted, “Another judge says CFPB structure is unconstitutional,” American Banker, June 21, 2018.

    Interviewed, “Analysis: For Smallest Banks, Regulatory Relief Bill Not a Game Changer,” SNL Financial, May 25, 2018.

    Interviewed, “Mulvaney response to CFPB data security gaps baffles cyber experts,” American Banker, April 23, 2018.

    Quoted, “A $1B Wells Fargo Fine Would Be Largest Against a Bank in CFPB History,” SNL Financial, April 19, 2018.

    Quoted, “CFPB's Mulvaney shows lighter touch with tribal lenders,” American Banker, March 16, 2018.

    Interviewed, “Deregulation Comes to Consumer Finance,” American Lawyer, February 12, 2018.

    Interviewed, “What happens to CFPB if Mulvaney becomes Trump's chief of staff?,” American Banker, February 9, 2018.

    Quoted, “With bipartisan support, bill to undo Obama-era 'Operation Choke Point' awaits action in Senate,” Legal NewsLine, January 22, 2018.

    Quoted, “Consumer bureau dropping lawsuits but states are filling the gap, lawyers say,” S&P Global, January 3, 2018.

    Quoted, “CFPB’s Constitutionality Question Doesn’t End With Cordray’s Departure,” American Banker, November 22, 2017.

    Quoted, “What Lawyers Are Saying About Richard Cordray's CFPB Departure Plans,” The National Law Journal, November 15, 2017.

    Quoted, “Cordray’s Departure Brings Back CFPB Leadership Questions,” Law360, November 15, 2017.

    Interviewed, “Radical Changes Ahead for CFPB After Cordray Departure,” American Banker, November 15, 2017.

    Quoted, “Did CFPB’s Cordray Fake Out Trump and GOP?,” American Banker, November 9, 2017.

    Quoted, “End of the line for anti-arbitration rule? Maybe not,” Business Insurance, October 31, 2017.

    Quoted, "Inside Cordray’s Ill-Fated Gamble on CFPB Arbitration Rule," American Banker, October 26, 2017.

    Quoted, “Banks Watch Top Court on Arbitration, Transfers, Whistle-Blowers,” Bloomberg BNA, July 27, 2017.

    Interviewed, “Junk Fax Class Certification Exposes Federal Consent Disparity,” Bloomberg BNA, June 24, 2016.

    Quoted, “Data Grab in CFPB's Arbitration Plan Spooks Industry,” American Banker, May 18, 2016.

    Interviewed, “Attorneys React to High Court's Spokeo Ruling,” Law360, May 16, 2016.

    Quoted, “Life Just Got Harder for Class-Action Lawyers as Court Rejects 'No-Injury' Cases,” Forbes, May 16, 2016.

    Quoted, “Five Things to Watch in CFPB's Arbitration Proposal,” American Banker, May 3, 2016.

    Quoted, “Class Actions to Watch in 2016,” Law360, December 24, 2015.

    Quoted, “High Court Takes Ch. 7 Lifeline From Underwater Debtors,” Law360, June 1, 2015.

    Quoted, “Class Actions to Watch in 2015,” Law360, January 2, 2015.

    Richard Gottlieb Profiled in SUNY Buffalo Law Philanthropy Magazine, December 3, 2013.

  • Co-authored, “What FTC's 'Penalty Offense Notices' Mean For Companies,” Law360, October 19, 2021.

    Quoted, “5 Questions After High Court’s Ruling In FHFA Challenge,” Law360, June 25, 2021.

    Co-authored, “Mortgage Servicers Should Prepare To Be In CFPB Crosshairs,” Law360, June 3, 2021.

    Co-authored, “OCC Hits the Brakes on Crypto and Fintech: What Next?,” SecuritiesOperations, June 1, 2021.

    Quoted, “Confusion over CFPB underwriting rule persists,” American Banker, May 7, 2021.

    Quoted, “The Coming Russell Rebalancing Judgment Day,”Bank Director, May 4, 2021.

    Author, “CFPB's Busy 2020 May Foretell Regulatory Uptick Ahead,” Law360, January 15, 2021.

    Quoted, “CFPB, OCC on collision course over who regulates fintechs,” American Banker, January 12, 2021.

    Co-author, “Traps For The Unwary In Class Actions Targeting PPP Lenders,” Law360, May 26, 2020.

    Co-author, “Four-Way Stalemate: Recent Developments in Regulatory Compliance for Fintech Companies and Marketplace Lenders,” Business Lawyer, Vol. 75, No. 2, Spring 2020.

    Co-author, “6 CFPB Areas To Watch In 2020,” Law360, January 28, 2020.

    Lead Editor, Consumer Financial Services Answer Book (2020 Edition), Practising Law Institute, September 2019.

    Co-author, “Mortgage Industry in Flux: Fewer Regulatory Headwinds, but Technology and Higher Interest Rates Present Ongoing Challenges,” MBA Insights, February 25, 2019.

    Co-author, “Two Trials and Other Developments as RMBS Litigation Continues Unabated,” Business Lawyer, Vol. 73, No. 2, Spring 2018.

    Co-author, “Interest on Escrow Funds? Yes, Even From National Banks, Says Ninth Circuit in 'Lusnak,'” The Recorder, April 9, 2018.

    Lead Editor, Consumer Financial Services Answer Book 2017, Practicing Law Institute, June 2017

    “CFPB Enforcement,” Consumer Financial Services Answer Book 2017, June 2017

    “Consumer Loan Products and the Federal Regulation of Consumer Credit," Consumer Financial Services Answer Book 2017, June 2017

    “Servicemembers Civil Relief Act & Military Lending Act,” Consumer Financial Services Answer Book 2017, June 2017

    “Service Providers and Vendor Management,” Consumer Financial Services Answer Book 2017, June 2017

    Co-author, “ACE in the Hole: Developments since ACE Securities in Residential Mortgage-Backed Securities Litigation,” Business Lawyer, Vol. 72, Iss. 2, Spring 2017.

    Co-author, “Court to CFPB: Unconstitutional and Wrong on RESPA,” JD Supra, October 11, 2016.

    Author, “First Nail in the Coffin for No-Injury Suits? Supreme Court Makes Clear the Days of Hyper-Technical Lawsuit Claims May Be Over,” ABA Consumer Financial Services Newsletter, July 2016.

    Co-author, “Madden High Court Denial—Much Ado About Not Much,” Law360, June 27, 2016.

    Co-author, “Greener Pastures Ahead for Class Action Bar,” Daily Journal, May 2016.

    “Recent Developments in Residential Mortgage Backed Securities Litigation,” Business Lawyer, Vol. 71, Iss. 2, April 11, 2016.

    “Class Action Settlement Considerations: Ten Tips for a Successful Settlement (The Case Law),” Federation of Defense & Corporate Counsel Insights, December 2015.

    Lead Editor, Consumer Financial Services Answer Book 2016, Practising Law Institute, October 2015.

    “Consumer Loan Products and the Federal Regulation of Consumer Credit,” Consumer Financial Services Answer Book 2016, October 2015.

    “Telemarketing and the Telephone Consumer Protection Act,” Consumer Financial Services Answer Book 2016, October 2015.

    “High Court Win is No Cure-All for Subordinate Lien Market,” Law360, June 1, 2015.

    “Succession Planning Part 2: Communicating with Family Members After the Death of a Customer,” Illinois Banker Magazine, January-February 2015.

    Lead Editor, Consumer Financial Services Answer Book 2015, Practising Law Institute, October 2014.

    “Consumer Loan Products and the Federal Regulation of Consumer Credit,” Consumer Financial Services Answer Book 2015, October 2014.

    “Telemarketing and the Telephone Consumer Protection Act,” Financial Services Answer Book 2015, October 2014.

    Co-Editor and Co-Author, Consumer Financial Services Answer Book 2014, Practising Law Institute, December 2013.

    “Attorneys Caught in the CFPB's Cross Hairs,” Los Angeles Daily Journal, November 19, 2013.

    “Spotlight on the Short-Term Credit Crackdown,” Law360, October 2, 2013.

    “Reckless Abandon: Vacant Property Ordinances Create Legal Uncertainties,” Business Lawyer, Vol. 68, Iss. 2, February 2013.

    “Eminent Domain: Will Local Governments Attempt to Use This Extraordinary Power to Purchase Troubled Residential Mortgages?,” Banking and Financial Services Policy Report, November 2012.

    Co-Editor and Co-Author, Consumer Financial Services Answer Book 2012-13, Practising Law Institute, 2012.

    Lead Editor, Consumer Financial Services Answer Book 2011, Practising Law Institute, 2011.

    “The Foreclosure Firestorm: ‘Robo-Signing’ Allegations Have More Bark Than Bite,” Business Lawyer, Vol. 67, Iss. 2, February 2012.

    “Consumer Loan Products and the Federal Regulation of Consumer Credit,” Consumer Financial Services Answer Book, 2011.

    “Update on Loan Modification Litigation,” Business Lawyer, Vol. 66, Iss. 1, November 2010.

    “Under the Microscope: Credit Card Interest Rate ‘Floors’ Have Been Swept Clean and Will Soon Be a Think of the Past,” Consumer Financial Services Law Report, March 2010.

    “Update on Municipal Nuisance and Discrimination Litigation,” Business Lawyer, Vol. 65, Iss. 2, February 2010.

    “Defending the Adequacy of Disclosures in Non-Traditional Mortgage Products,” The Review of Banking and Financial Services, June 2009.

    “Is Wall Street Responsible for Destroying Main Street?,” Business Torts Journal, Spring 2009.

    “Litigation Against Banks in FDIC Receiverships,” Banking and Financial Services, November 2009.

    “When Bad Things Happen to Good Cities: Are Lenders to Blame?,” Business Law Today, July/August 2008.

    “Fair Credit Reporting Act Update: Firm Offers, Willfulness, Adverse Action, and Receipt Truncation,” Business Lawyer, Vol. 63, Iss. 1, November 2007.

    “Selective Burdens: Illinois Enacts a Broad Predatory Lending Statute,” Consumer Finance Law Quarterly, Fall 2007.

    “Recent ‘Unfair and Deceptive Acts and Practices’ Litigation Developments in the Midwest,” Practising Law Institute, 2007.

    “Firm Offers of Credit: Recent Developments,” Consumer Finance Law Quarterly, Fall 2006.

    “Recent Developments in Fair Credit Reporting Act Litigation: "Prescreened" Offers of Credit and Insurance,” Practising Law Institute, 2006.

    “Learning About HMDA,” Origination News, June 2006.

    “Firm Offer of Credit Litigation Under the Fair Credit Reporting Act,” The Review of Banking and Financial Services, May 2006.

    “Class Action Fairness Act 2005 - Potential Pitfalls for Defendants,” Andrew's Class Action Litigation Reporter, October 2005.

    “Under Attack: The Seventh Circuit Weighs In On Prescreened Offers of Credit,” Consumer Finance Law Quarterly, Spring 2005.

    “New Class Action Law Contains Pitfalls for Defendants,” Chicago Lawyer, April 2005.

    “Taming Class Actions: Keeping Best Practices in Mind,” Risk Management, February 2005.

    “Proposed Illinois Motor Vehicle ‘Truth in Financing’ Legislation,” Consumer Finance Law Quarterly, Fall 2004.

    “The Illinois High Risk Home Loan Act: Yet Another Jurisdiction Tackles Predatory Lending,” Consumer Finance Law Quarterly, Fall 2004.