FACTA and the Dodd-Frank Act: What You Must Know
Dodd-Frank has significantly impacted the way companies do business. This is especially true in FACTA related areas. Companies and consumers should have a complete understanding of what these latest regulations can offer as well as its potential impact on their business.
The Knowledge Congress has assembled a panel of experts in the field of banking and finance and key regulators from the government to speak in a two-hour webinar that will discuss the key provisions of FACTA and its impact of Dodd-Frank on FACTA regulation.
James H. Mann, Partner,
Davis Wright Tremaine LLP
- Broader context: Non-FCRA privacy & data security regimes applicable to users & furnishers
- Users of consumer reports under FCRA:
- Are you pulling a “consumer report”?
- If so, do you have a “permissible purpose” to pull it?
- Once you pull it, what duties do you have as a user of a consumer report?
- Duties of furnishers of information in consumer reports
Katherine Armstrong , Attorney, Division of Privacy and Identity Protection,
Federal Trade Commission
- Sets the scene from the FTC perspective
Maryann Campbell, Examining Officer, Legal and Compliance Risk Department,
Federal Reserve Bank of New York
Barry Goheen , Partner,
King & Spalding LLP
- Amendments to the FCRA Sections 615(a) and 615(h) requiring disclosures of credit scores and information relating to credit scores in adverse action notices if credit score is used in taking adverse action and risk based pricing notices if consumer’s credit score is used in setting the material terms of credit
- Revised FFIEC exam procedures that examiners will use in assessing compliance with these requirements.
- Obligations of CRAs
- General definition
- Nationwide CRAs;
- CFPB rulemaking and supervision affecting CRAs
- Exam procedures
- Larger participants
- Litigation issues involving CRAs
- Class action threat
- No cap on damages under FCRA
- Obligations of CRAs
Who Should Attend:
- Chief Compliance Officers
- Chief Security Officers
- Chief Information Security Officers
- Audit Managers
- Risk Managers
- Privacy & Fraud Attorneys
- Chief Operations Officers
- Chief Privacy Officers
- Bank, Thrift and Credit Union Auditors
- Privacy & Data Protection Personnel
James Mann, a partner at Davis Wright Tremaine, focuses on consumer payment devices, payment systems, and loyalty programs. Mr. Mann represents parties to agreements for the issuance of many types of consumer payment devices, notably debit cards as well as general purpose, private label and agent bank credit cards. He also advises on the design of online commerce platforms and represents parties to agreements regarding payment processing; the outsourcing of issuing and processing functions and the procurement of the related technology; the sale of issuing or processing businesses and the associated receivables; and network branding, pricing and marketing. In recent years, many such agreements have involved mobile payments, utilizing a variety of networks and technologies. Mr. Mann’s transactional practice remains centered on the United States, but in recent years has also embraced the Caribbean, Latin America, Europe and other foreign markets.
James Mann, a partner at Davis Wright Tremaine, focuses on consumer payment devices, payment systems, and loyalty programs. Mr. Mann …
Katherine Armstrong is an experienced consumer information attorney and has been with the Federal Trade Commission for over 25 years. As an attorney advisor to former Chairman and Commissioners for over 15 years and as a senior attorney, she has wide-ranging FTC experience in law enforcement and policy making with expertise in the Fair Credit Reporting Act and Section 5 of the FTC Act.
Ms Armstrong works in the Division of Privacy and Identity Protection where she manages Fair Credit Reporting Act (FCRA) initiatives, including law enforcement investigations, consent negotiations, rulemakings, and other interpretive policy tasks
Katherine Armstrong is an experienced consumer information attorney and has been with the Federal Trade Commission for over 25 years. …
Maryann Campbell is an Examining Officer in the Bank Supervision Group, Legal and Compliance Risk Department, at the Federal Reserve Bank of New York. She is responsible for the oversight of CRA and consumer compliance examinations and other supervisory events in the Second Federal Reserve District. During her career at the FRB-NY she has coordinated consumer and banker outreach activities, conducted examiner training and participated in special projects relating to consumer protection and financial education. Maryann also has responsibility for analysis of consumer compliance- and CRA-related issues relating to bank applications.
Maryann joined the Reserve Bank in 1996. She is a commissioned Federal Reserve Bank Examiner and holds an undergraduate degree from Kean University of New Jersey and a J.D. from Seton Hall University School of Law. She is a member of the New Jersey Bar Association.
Maryann Campbell is an Examining Officer in the Bank Supervision Group, Legal and Compliance Risk Department, at the Federal Reserve …
Barry is a partner in King & Spalding Litigation Practice Group. He practices in the firm’s business litigation area focuses on consumer class actions; credit-related, financial products and services; data breach and privacy litigation; and complex litigation.
Mr. Goheen has served as lead or co-counsel in over 50 class action in all areas of the law, including antitrust, financial products and services, securities fraud, consumer, privacy/ data breach, product liability and general commercial disputes in states and federal courts representing such clients as The Coca-Cola Company, SunTrust Banks, Countrywide, Equifax, General Motors Corporation, Human, Bank of America, Brown and Williamson Tobacco Corporation, Jefferson-Pilot Life InsuranceCompany, 3M, WalMart and LockHeed Martin Corporation
Barry is a partner in King & Spalding Litigation Practice Group. He practices in the firm’s business litigation area focuses …
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
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Federal Reserve Bank of New York
About Davis Wright Tremaine LLP
Davis Wright Tremaine LLP, a national business and litigation law firm representing businesses throughout the United States and around the world, was founded in 1908 on a simple guiding principle: to provide clients with high-value legal services customized to their particular needs. With approximately 500 lawyers in nine offices spread across the United States and in China, we advise clients in industries ranging from financial services to media and communications to health care on the full scope of transactional and regulatory issues they face. Our primary practice areas include Finance and Commercial Transactions; Digital Media and Entertainment; Communications; Labor and Employment; Business Transactions; Litigation; Energy; Health Care; and Life Sciences.
About Federal Trade Commission