Major CFPB Enforcement Developments in 2015 and Beyond
The Consumer Financial Protection Board has been regulating financial institutions since its operation in 2011. Two years after its proposal, Dodd-Frank Act has established the CFPB with Title X where it focuses on Mortgages, Credit Cards, Loans and Service Member. Subsequently, CFPB had numerous enforcement activities and significant regulatory changes which generates havoc in financial institutions.
In this two hour live webcast, a panel of key thought leaders and professionals assembled by The Knowledge Group will help the audiences especially Financial Institutions to understand the major and remarkable Enforcement Developments of the CFPB for the year 2015 and beyond.
Key topics include:
- CFPB Enforcement Development – An Overview
- Implications of Recent SC Decisions & CFPB Enforcement
- Developments as to CFPB mortgage servicing rules
- Telephone Consumer Protection Act (TCPA)
- CFPB Enforcements in Auto and Payday Lending
- Dodd-Frank Act Provisions
- CFPB Recent Regulations
- Safeguarding Against Consumer Finance-Related Litigation
- CFPB Enforcement Activities and Litigation
- Compliance Expectation and Obligations
- The Class Action Fairness Act & Federal Arbitration Act
- CFPB in Credit Cards and Add-on Products
- CFPB on Consumer Debt Assistance Services
- Real Estate Settlement Procedures Act
Robert Maddox, Partner
Bradley Arant Boult Cummings LLP
- National Mortgage Settlement
- Summer 2011 until now
- CFPB in the mortgage world
Richard B. Benenson, Shareholder
Brownstein Hyatt Farber Schreck, LLP
“Navigating CFPB Foreclosure-related Risk”
- Brownstein Hyatt Farber Schreck Shareholder and Litigation Department Co-Chair Rich Benenson will present “Navigating CFPB Foreclosure-related Risk.” The CFPB has been active in the mortgage foreclosure space investigating the use of affiliates and certain fees and costs, and bringing enforcement actions for unfair, deceptive and abusive conduct and violations of the Real Estate Settlement Procedures Act (RESPA) and the Fair Debt Collections Practices Act (FDCPA). The State AGs have been active in this arena as well. Rich draws upon his experience resolving consumer protection investigations and disputes, including a multi-year investigation of one of Colorado’s largest foreclosure firms. He will speak about how to anticipate, prepare for, and resolve complex foreclosure investigations and enforcement actions.
Eric Jon Taylor, Partner
Parker, Hudson, Rainer & Dobbs LLP
- CFPB’s Crackdown on Student Loans
- An Overview of CFPB’s “Know Before You Owe” Rules
- An Overview of the Real Estate Settlement Procedures Act
- Managing UDAAP Risks
- CFPB’s Proposal for Expanded Foreclosure Protections
- CFPB Fair Lending exams/enforcement actions
Matthew S. Sheldon, Partner
Goodwin Procter LLP
- CFPB’s Administrative Action in the PHH Mortgage Matter
- Summary of the CFPB’s Positions in Appellate Matters
Who Should Attend:
- Banking and Finance Lawyers
- In-House Counsel
- Financial Advisors
- Finance Litigators
- Chief Compliance Officers
- Mortgage Insurers
- Mortgage Insurance Industry Participants
- Lending Institutions
- Auto Lenders
- Payday Lenders
- Debt Collectors
- Financial Institutions
- Other Related/Interested Professionals and Organizations
Robert is a Certified Mortgage Banker (CMB) and is one of only a handful of attorneys in the nation who have achieved this status. He specializes in compliance for financial institutions and mortgage companies and was instrumental in the negotiation of the $25 billion national mortgage settlement which was finalized in April 2012. Subsequently, Robert was retained by several other clients involved in the negotiations of the next rounds of national mortgage settlements in 2014. He represents financial institutions in a litigation practice that has led him to trial and appellate courts in over 40 different states. Robert has litigated all facets of the mortgage industry: origination, warehouse lending, pooling and servicing agreements, loan repurchase disputes, investor disputes, secondary market representations and warranties, servicing matters, commercial mortgages, settlement services issues and mortgage fraud. He is the Chair of the Bradley Arant Boult Cummings Financial Services Litigation and Compliance Team.
Robert is a Certified Mortgage Banker (CMB) and is one of only a handful of attorneys in the nation who …
Rich Benenson is the co-chair of Brownstein Hyatt Farber Schreck’s Litigation Department. He is known for his track record defending companies in complex litigation, antitrust, consumer protection, business torts, class actions and securities matters. Rich’s practice also includes regulatory and consumer protection investigations and compliance issues. He has experience in a variety of industries, such as consumer goods, financial services, real estate, manufacturing, healthcare, technology, supplement/nutrition, telecommunications and energy. Rich frequently speaks to national audiences, businesses and trade associations.
Rich Benenson is the co-chair of Brownstein Hyatt Farber Schreck’s Litigation Department. He is known for his track record defending companies in complex …
ERIC JON TAYLOR is a Partner at Parker, Hudson, Rainer & Dobbs LLP. Eric specializes in all areas of complex litigation and trial work for financial services institutions. He has broad experience both from working as lead trial counsel in many high profile cases and as in-house chief litigation counsel for the U.S. subsidiary of a Fortune 100 financial services company. His practice focuses on defense in all aspects of employment, banking, housing, insurance and financial services litigation, with a primary concentration on defense of class actions and individual lawsuits in federal and state courts. Eric also advises clients on their practices and procedures related to mortgage servicing, mortgage insurance, employment, life insurance, annuity and mutual fund sales, fair lending, consumer lending, and debt collection.
ERIC JON TAYLOR is a Partner at Parker, Hudson, Rainer & Dobbs LLP. Eric specializes in all areas of complex …
Matt Sheldon is a partner in Goodwin Procter's Consumer Financial Services Litigation Practice. His practice focuses on the representation of financial services institutions in government investigations and litigation matters, including class action litigation.
Mr. Sheldon represents financial institutions in a variety of contested matters in court and before federal and state administrative agencies, including the Consumer Financial Protection Bureau (CFPB), the Department of Housing and Urban Development, the Federal Deposit Insurance Corporation and numerous state attorneys general.
In the litigation context, Mr. Sheldon’s practice focuses on defending financial services institutions facing class action lawsuits pending in a variety of federal and state courts on a wide range of consumer and commercial finance issues. He also provides regulatory compliance advice and represents clients on matters relating to federal banking and consumer finance regulations, such as the FCRA, ECOA, RESPA, TILA and FDCPA, as well as state banking and consumer protection statutes.
Matt Sheldon is a partner in Goodwin Procter's Consumer Financial Services Litigation Practice. His practice focuses on the representation of …
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About Bradley Arant Boult Cummings LLP
Bradley Arant Boult Cummings LLP
Financial Services Litigation and Compliance Team
Bradley Arant Boult Cummings LLP and its team of Financial Services Litigation and Compliance attorneys serve as counsel for a broad range of banks, lenders, and financial services clients across the United States. As part of its nationwide practice, the team (which includes more than 60 members) advises banks, mortgage servicers, and other consumer finance companies across a broad spectrum of legal issues, including regulatory compliance, litigation, governmental investigations, risk assessments, audit and exam support, business transactions, and multi-state settlements. The firm’s unique, cross-disciplinary team has a national reputation as a leader in the consumer finance industry with a particular focus on mortgage origination and servicing compliance, enforcement, and litigation.
About Brownstein Hyatt Farber Schreck, LLP
Founded in 1968, Brownstein Hyatt Farber Schreck practices in the areas of real estate, natural resources, public policy, corporate law and litigation. With 250 attorneys and legislative consultants in offices across the western U.S., Atlantic City and Washington, DC, where it is ranked among the top five lobbying firms, Brownstein works in industries ranging from real estate, hospitality, and private equity, to technology, healthcare, natural resources, banking and finance, and gaming. For more information visit bhfs.com.
About Parker, Hudson, Rainer & Dobbs LLP
Parker, Hudson, Rainer & Dobbs LLP is a mid-sized firm with an integrated collection of exceptional boutique practices in Alternative Dispute Resolution, Bankruptcy, Commercial Finance, Corporate and M&A, Employee Benefits/ ERISA, Employment and Civil Rights Litigation and Counseling, Health Industry, Litigation, Real Estate, and Tax. 2015 marks the firm's 34th year as a member of Atlanta's legal community. The firm now has over 70 attorneys serving clients from offices in Atlanta, Georgia and Tallahassee, Florida. We offer a full range of legal expertise in business matters in an environment that combines superior legal talent and work product with the advantages of excellent service, lower overhead, and efficient billing rates available through a mid-sized firm. www.phrd.com
About Goodwin Procter LLP
Founded in 1912, Goodwin Procter LLP is a leading Global 100 law firm, with offices in Boston, Hong Kong, London, Los Angeles, New York, San Francisco, Silicon Valley and Washington, D.C. We have one of the preeminent consumer financial services litigation and enforcement practice groups in the nation, as recognized by Chambers, US News and The Legal 500. Our team of industry specialists counsel and defend clients across a broad spectrum of consumer financial services matters, including regulatory counseling and examinations, government investigations, enforcement proceedings and litigation. We regularly handle high-stakes matters for many of the nation’s largest financial services companies, including prominent banks, mortgage companies, credit card issuers, student lenders, auto finance companies and insurers. For more information, visit www.goodwinprocter.com. Follow us on Twitter @GoodwinProcter.