Consumer Financial Protection Bureau: Impact Explored
On July 21, 2011, the Consumer Financial Protection Bureau opened its doors to Americans to help them avoid unfair practices from financial entities that abuses consumers. This live webcast will help you thoroughly understand the substantive provisions of CFPB as well their impact on companies, consumers and the economy.
The Knowledge Group is assembling a panel of thought leaders who will share their opinions in a two-hour teleconference and webinar. A live interaction with the audience in a question and answer format is also included in this event.
Arthur B. Axelson, Senior Counsel, Financial Services Regulatory and Compliance Practice,
Dykema Gossett PLLC
- A. Recess Appointment of Director Cordray
- Effect of appointment
- DOJ Legal Support for Recess Appointment
- GOP opposition and likely challenges
- B. New CFPB Powers Available with Director in Place
- Treasury authority without a CFPB Director
- Bureau powers and authority with a Director
- Expectations for 2012 Bureau Activity
- C. Supervision and Examination
- CFPB Supervision and Examination Authority
- CFPB Supervision and Examination Manual
- CFPB Mortgage Origination Examination Procedures
- D. Preemption Under Dodd-Frank
- New Standard
- CFPB role in preemption determinations
- OCC view
Jonathan L. Pompan, Attorney at Law
Co-leader, Credit Counseling and Debt Services Compliance Team ,
Consumer Protection Policy Initiatives and Introduction to Nonbank Supervision
- A. Public Outreach
- Office of Servicemembers Affairs
- Office Older American Affairs
- Whistleblower Solicitation
- B. Know Before You Owe
- Know Before You Owe Student Loans
- Know Before You Owe Mortgage
- C. Intro to Nonbank Supervision
- Mortgage Student Loans, Payday Loans, and Mortgage
- Larger Participant Rulemaking
Amy M. Brachio, Partner,
Ernst & Young LLP
Spotlight on Supervision and Examination of Nonbanks
- Supervision of Non-Banks
- Preparation for CFPB Supervision
- CFPB Supervision and Examination Guiding Principles
- Anticipated Areas of Focus
- Cost of non-compliance
Who Should Attend:
– Public & Private Firms
– Banks and Financial Institutions
– Financial Directors/Analysts
– CPAs and Auditors
– Investment Bankers
– Other Related/Interested Professionals
Jonathan L. Pompan is Of Counsel in Venable LLP’s Washington, DC office. Mr. Pompan focuses his practice on providing comprehensive legal advice and regulatory advocacy to a broad spectrum of clients, including for-profit companies, and nonprofit organizations and trade and professional associations.
A substantial portion of Mr. Pompan’s work involves advising clients on how to minimize the legal risks related to providing, advertising and marketing financial products and services to consumers under federal and state consumer protection laws, including laws and regulations under the jurisdiction of the Federal Trade Commission (“FTC”) and the federal Consumer Financial Protection Bureau (“CFPB”).
Mr. Pompan also is widely recognized as one of the leading credit counseling and debt services attorneys in the country.
Mr. Pompan can be reached at 202.344.4383 or at firstname.lastname@example.org.
Jonathan L. Pompan is Of Counsel in Venable LLP’s Washington, DC office. Mr. Pompan focuses his practice on providing comprehensive …
Mr. Axelson is a Senior Counsel of Dykema Gossett PLLC’s financial services regulatory and compliance practice, interacting with federal and state banking officials, assisting firm clients on compliance and new product development, and advising financial service providers on both federal and state law, including the Dodd-Frank Wall Street Reform and Consumer Protection Act and its implementing regulations. He is also co-author and co-editor of the recently released Consumer Financial Answer Book 2011, and is the editor of Dykema’s bi-monthly CFPB Alerts.
Mr. Axelson represents a broad range of financial institutions, brokers, lenders, investors and other service providers on consumer financial service and retail banking matters. His primary areas of practice include federal and state regulatory compliance with special emphasis on new product development, secured and unsecured lending, regulatory banking and e-commerce in the financial services industry.
Mr. Axelson is a Senior Counsel of Dykema Gossett PLLC’s financial services regulatory and compliance practice, interacting with federal and …
Amy Brachio is a Partner in the Financial Services Office of Ernst & Young LLP. She has more than 15 years of experience serving large, diversified financial services organizations in consumer compliance risk management. Amy has advised clients in a number of product sectors including credit card, mortgage, home equity, auto and small business, and has assisted with mitigating compliance risk across the entire lending life cycle. With a focus on compliance program management and governance, she has helped institutions respond to and comply with consumer protection regulations, including the fair lending laws, Community Reinvestment Act, Home Mortgage Disclosure Act and Credit CARD Act. Amy has authored numerous industry articles and is a frequent guest speaker at industry events, including the Consumer Bankers Association, Mortgage Bankers Association, American Bankers Association and American Bar Association. She is a Certified Public Accountant and holds a Bachelor of Science in Accounting and Master of Accountancy from the University of Alabama. Amy can be reached at email@example.com.
Amy Brachio is a Partner in the Financial Services Office of Ernst & Young LLP. She has more than 15 …
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Method of Presentation:
On-demand Webcast (CLE)
NASBA Field of Study:
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About Venable LLP
One of The American Lawyer’s top 100 law firms, Venable LLP has attorneys practicing in all areas of corporate and business law, complex litigation, intellectual property and government affairs. Venable serves clients throughout the U.S. and around the world from its headquarters in Washington, D.C. and offices in California, Maryland, New York and Virginia.
In uncharted waters, experience is your best guide. While the route is new, the skills needed to navigate the Dodd-Frank Wall Street Reform and Consumer Protection Act are not. The Consumer Financial Protection Bureau took over responsibilities from agencies we know intimately – such as the Federal Trade Commission, the Treasury Department, the Department of Housing and Urban Development, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Federal Reserve System – and in areas of law that we know inside and out. For more information, visitwww.Venable.com/cfpb.
About Dykema Gossett PLLC
With nearly 400 attorneys and professionals, Dykema is a leading national law firm with Midwestern roots and 11 major offices. Dykema has developed a national reputation for delivering a full range of legal services to Fortune 500, middle-market and emerging companies. Led by a value-focused business model long before it was trendy, Dykema’s full-service platform delivers results for sophisticated purchasers of legal services who increasingly are demanding alternative and more efficient ways of streamlining their legal work without sacrificing excellence and quality. Dykema is a strategic partner to its clients, offering dedicated client service and industry teams, highly skilled lawyers, flexible billing arrangements, and advanced technology to create financial predictability and accountability.
About Ernst & Young LLP
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 152,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
For more information, please visit www.ey.com
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.