CFPB’s Arbitration Study: Understanding Its Impact on Financial Institutions
Overview:
In this 2-hour live webcast, a panel of key thought leaders organized by The Knowledge Group will provide an overview to help you understand the critical elements and the potential effects of CFPB's Arbitration Study to financial institutions.In a two-hour live webcast, the speakers will discuss:
- CFPB’s arbitration study (Dodd-Frank Act): an overview
- Potential impacts of CFPB’s Study on financial institutions
- Emerging issues
- Conclusions, recommendations and predictions
- Up-to-minute regulatory updates
Agenda:
Joy Harmon Sperling, Partner
Day Pitney LLP
As part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Congress instructed the CFPB to study the use of pre-dispute arbitration clauses in contracts for consumer financial products/services. Congress instructed the CFPB to prepare a report with the results of the study.
As of now, the CFPB is in the process of conducting the study, and in December 2013, the CFPB published its preliminary results.
Presentation will cover the preliminary report and findings, and any updates.
James R. McGuire , Partner
Morrison & Foerster LLP
- Arbitration Study
- The CFPB’s Rulemaking Authority
- Arbitration Study: Expected Outcome
- Rulemaking Timeline
- Limits on the CFPB’s Authority
- Impact: 12 C.F.R. § 1026.36(h)
- Impact: Alternative Limits
- Impact: Two Classes of Customers
- Impact: Pitfalls
- Impact: Current Steps
- Potential Challenges to a CFPB Rule
- Challenges: Regulation Arbitrary and Capricious
- Challenges: Flawed Cost-Benefit Analysis
Anthony M. Sharett , Partner
Bricker & Eckler LLP
Who Should Attend:
- Compliance
- Compliance and Ethics Managers
- Compliance and Risk Officers
- Compliance and risk professionals
- Compliance Managers
- Compliance officer
- Compliance Professionals
- Vendor oversight
- Internal Audit
- Internal Auditors
- Mortgage business line personnel
- Lawyers
- And other Related/Interested Professionals
Joy Harmon Sperling is a partner at Day Pitney LLP and chair of its Creditors' Rights and Real Estate Litigation …
James McGuire is Co-Chair of the Morrison & Foerster’s Financial Services Litigation Practice Group. His practice focuses on complex civil litigation …
Anthony Sharett is a partner in Bricker & Eckler’s Litigation practice group, co-chair of the Class Action practice group and …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
144614
NASBA Field of Study:
Finance
NY Category of CLE Credit:
Skills
Total Credits:
2.0 CLE
Login Instructions:
No Access
You are not logged in. Please Login or register to the event to gain access to the materials and login instructions.
Unlock All The Knowledge and Credit You Need
Leading Provider of Online Continuing Education
It's As Easy as 1, 2, 3
Get Your 1-Year All Access Pass For Only $199
SPEAKERS' FIRMS:
About Day Pitney LLP
Day Pitney is a leading full-service regional U.S. law firm with a more than 100-year reputation for superior client service and high-value legal representation. With close to 300 attorneys in nine offices across New Jersey, Connecticut, Massachusetts and Washington, DC, the firm is well-positioned to provide clients results-based representation and forward-thinking solutions to complex litigation, transactions and regulatory matters throughout the Northeast. Day Pitney clients range from Fortune 100 corporations to individuals. At the heart of its practice are middle-market companies in all stages of development from start-up to maturity. The firm’s lawyers have in-depth experience in a wide array of industries, most notably in the financial institution, government, insurance, manufacturing, energy and real estate sectors. Day Pitney has one of the largest and most sophisticated individual clients practices in the country.
Website: https://www.daypitney.com/
About Morrison & Foerster LLP
We are Morrison & Foerster — a global firm of exceptional credentials. With more than 1,000 lawyers in 17 offices in key technology and financial centers in the United States, Europe and Asia, our clients include some of the largest financial institutions, investment banks, and Fortune 100, technology and life science companies. We’ve been included on The American Lawyer’s A-List for 10 straight years, and Chambers Global named MoFo its 2013 USA Law Firm of the Year. Our lawyers are committed to achieving innovative and business-minded results for our clients, while preserving the differences that make us stronger.
Website: https://www.mofo.com/
About Bricker & Eckler LLP
Located in Columbus, Cleveland, Cincinnati-Dayton and Marietta, Bricker & Eckler is one of Ohio’s leading full-service law firms. Our attorneys serve as trusted business advisors for businesses, financial services companies, nonprofit organizations, government agencies, health care facilities, school districts and municipalities, and individuals.
At Bricker & Eckler with close to 200 attorneys, we are large enough to provide effective and sophisticated counsel across a wide variety of industries and areas of practice, while also delivering highly personalized service and access to our most experienced attorneys. Reflecting our Midwestern roots, the firm is recognized by our clients for integrity, hard work and value for the dollar.
Website: https://www.bricker.com/