Upcoming Banking Regulations: The Importance of Compliance in 2015
In 2015, compliance will be the main focus for banks. The Consumer Financial Protection Bureau (CFPB) and other banking regulators will attend to deceptive marketing, debt traps, dead ends, and discrimination. With increasing data breaches in retail markets, payment system protection will be enhanced for mobile banking and other emerging technologies. The CFPB will continue to focus on the Home Mortgage Database (HMDA) proposed rule, overdraft, debt collection, pay-day lending, and arbitration. Vendor management also will be important due to data breaches, systems implementation, and fair lending issues.
TILA/RESPA integrated disclosure implementation will not be ready by the August 2015 deadline; thereby leading to additional regulatory risks and problems for banking institutions. The addition of commercial loans and HELOCs will create an immense problem in the Banking industry. Also impending is the Dodd-Frank-mandated small business data collection process.
Hence, it is critically important that banking officials, compliance and regulatory officers, and their counsel be anticipatory and develop strong compliance strategies. Otherwise they face failing to note, understand, or to act upon important, up-coming regulatory changes; thereby facing severe consequences.
In this two-hour LIVE webcast, a panel of distinguished professionals and thought leaders assembled by The Knowledge Group will discuss the important Up-coming Banking Regulations and The Importance of Compliance in 2015. The panel of speakers also will provide advice regarding compliance and litigation avoidance strategies for banking institution officials.
Key topics include:
- Consumer Financial Protection Bureau (CFPB) and Banking
- Up-coming Regulatory Changes and Consequences
- Home Mortgage Database (HMDA)
- TILA/RESPA Integrated Disclosure
- Commercial Loans and HELOCs
- Dodd-Frank and Small Business Data Collection
- Over-draft, Debt Collection, Pay-day Lending, and Arbitration
- Deceptive Marketing, Debt Traps, and Discrimination.
- Mobile Banking Regulation
- Vendor Management and Banking
- Compliance and Litigation Risks
Eric Jon Taylor, Partner
Hunton & Williams LLP
- Discussion of proposed HMDA rules (and how they relate to CFPB Fair Lending initiatives)
- Fair Lending regulations/compliance
- Pay day lender issues and compliance; even if you are not a pay day lender!
- UDAAP compliance and CFPB expansion of UDAAP concepts
- Student Loan compliance issues and the CFPB Ombudsman’s role in setting expectations
Dowse B. "Brad" Rustin IV, Partner
Nelson Mullins Riley & Scarborough LLP
- Cyber security and electronic commerce
- Third party vendor management & Reputational risk concerns
- REG E expansion
- New Mortgage documentation
Dwight C. Smith, III, Partner
Nelson Mullins Riley & Scarborough LLP
Who Should Attend:
- Senior Banking Managers
- Senior Bank Executives
- Mortgage Managers and Loan Officers
- Banking & Finance Lawyers
- Bankruptcy Lawyers
- Banking Compliance Officers
- Banking Regulation Officers
- Banking and Lending Consultants
- Other Related and Interested Professionals
Dwight C. Smith, III focuses his practice on bank regulatory matters including advice to U.S. and foreign banks and investors on corporate transactions and bank operations. His work focuses on post-financial crisis issues such as Dodd-Frank, Basel III, and regulation of swaps and derivatives, as well as M&A and capital raising. He is a former Deputy Chief Counsel for Business Transactions at the Office of Thrift Supervision, where he oversaw significant mergers, acquisitions, and offerings and new entrants to the banking industry. He earned his Juris Doctor from Yale Law School in 1981 and a Bachelor of Arts, magna cum laude, from Yale in 1977.
Dwight C. Smith, III focuses his practice on bank regulatory matters including advice to U.S. and foreign banks and investors …
ERIC JON TAYLOR is a Partner at Hunton & Williams LLP. Eric specializes in all areas of complex litigation and trial work. 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, and training to avoid litigation, all while fulfilling customer privacy obligations. Eric also advises clients on their practices and procedures related to mortgage servicing, mortgage insurance, employment, life insurance, annuity and mutual fund sales, affirmative action, fair lending, consumer lending, and debt collection.
ERIC JON TAYLOR is a Partner at Hunton & Williams LLP. Eric specializes in all areas of complex litigation and …
DOWSE B. ("BRAD") RUSTIN IV is a partner with the law firm of Nelson Mullins Riley & Scarborough, LLP, practicing in the firm’s Greenville, South Carolina office. Mr. Rustin practices in the areas bankruptcy, business litigation, class action defense, consumer financial services litigation, and financial regulation. He represents defendants and plaintiffs in litigation involving financial disputes; creditors in bankruptcy and insolvency proceedings; financial regulatory compliance and litigation; and commercial and special asset collection litigation, foreclosure, and receivership. . Mr. Rustin frequently writes and speaks on financial services regulations, operational compliance, and non-traditional lending. Mr. Rustin earned his J.D. degree, magna cum laude, from the University of South Carolina School of Law where he was the recipient of the Compleat Lawyer award for his graduating class. He is a member of the Greenville County Bar, American Bankruptcy Institute, American Bar Association, and the South Carolina Bar. Mr. Rustin is an adjunct professor with Furman University, where he works with the award-winning mock trial program.
DOWSE B. ("BRAD") RUSTIN IV is a partner with the law firm of Nelson Mullins Riley & Scarborough, LLP, practicing …
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Method of Presentation:
On-demand Webcast (CLE)
NASBA Field of Study:
Specialized Knowledge and Applications
NY Category of CLE Credit:
Areas of Professional Practice
2.0 CPE (Not eligible for QAS (On-demand) CPE credits)
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About Nelson Mullins Riley & Scarborough LLP
Nelson Mullins Riley & Scarborough LLP offers the strength and resources of attorneys and professional staff experienced in a range of services. We provide advice and counsel in litigation, corporate, economic development, securities, finance, intellectual property, government relations, regulatory, and other needs of clients ranging from private individuals to large businesses, including many publicly held companies. Established in 1897, Nelson Mullins has more than 500 attorneys and other professionals with offices in the District of Columbia, Florida, Georgia, Massachusetts, North Carolina, South Carolina, Tennessee, and West Virginia. For more information on the Firm, go to www.nelsonmullins.com.
About Hunton & Williams LLP
Hunton & Williams LLP represents clients across the spectrum of industries that make up today’s global economy: from manufacturers, financial institutions, retailers, health care companies and professional services providers, to businesses and academic institutions developing renewable energy resources and new technology solutions. Since 1901, we have grown to more than 800 lawyers serving clients from 19 offices across the United States, Europe and Asia. Our litigation department is well known for its trial experience. Our diverse team has the collective knowledge, skill, background and experience required to help businesses and individuals identify and manage potential risks, respond to existing or threatened litigation, and pursue resolution in every available venue.