On-Demand   MP3 Audio

The CFPB Speaks

Recorded on: Mar. 30, 2017
Running Time: 02:06:45
Taken from the Web Program Recorded March 27 - 28, 2017 in New York
The CFPB Speaks [02:06:53]
Regulatory Developments
• Status of rules involving arbitration, debt collection, payday and deposit advance loans, prepaid cards, overdraft practices, and small business lending data collection
• Implementation of new mortgage rules and status of amendments to TILA-RESPA integrated disclosure rule
Supervisory Developments
• Status of future "larger participant" rules, including for installment and auto title lenders
• Status of registration system for nonbank lenders
• Status of inquiry into loan products and "risky" credit practices not covered by payday loan proposal
•     Status of inquiry into best practices for normalizing data in consumer complaint database
•     Priorities going forward
Enforcement Developments
• Important consent orders during the past year
• Impact of Wells Fargo consent order on employee incentive compensation programs and sales practices
• Use of UDAAP authority for “abusive” acts or practices
• Implications of PHH v. CFPB opinion holding creation of CFPB to be unconstitutional
• Priorities going forward
(CFE Field of Study: Fraud)

Speakers: Anthony Alexis, James Kim, Eric J. Mogilnicki, Diane E. Thompson, Peggy L. Twohig
The purchase price of this Web Program segment includes the following article from the Course Handbook available online:

  • Covington & Burling, CFPB Fall Regulatory Agenda Released (December 6, 2016)
    Eric J. Mogilnicki
  • Consumer Financial Protection Bureau, Supervisory Highlights, Issue 13, Fall 2016 (October 2016)
    Peggy L. Twohig
  • Consumer Financial Protection Bureau, Supervisory Highlights, Issue 12, Summer 2016 (June 2016)
    Peggy L. Twohig
  • Consumer Financial Protection Bureau, Supervisory Highlights Mortgage Servicing Special Edition, Issue 11 (June 2016)
    Peggy L. Twohig
  • Consumer Financial Protection Bureau, CFPB Compliance Bulletin 2016-03, Detecting and Preventing Consumer Harm from Production Incentives (November 28, 2016)
    Peggy L. Twohig
  • Press Release, CFPB Warns Financial Companies About Sales and Production Incentives That May Lead to Fraud or Consumer Abuse (November 28, 2016)
    Peggy L. Twohig
  • Bureau of Consumer Financial Protection, Compliance Bulletin and Policy Guidance, No. 2016-02, Service Providers (October 19, 2016)
    Peggy L. Twohig
  • Ballard Spahr LLP, Consumer Financial Services Group, CFPB Issues Proposed Regulations to Prohibit Class Action Waivers in Consumer Arbitration Agreements (May 5, 2016)
    Christopher J. Willis, Alan S. Kaplinsky
  • Jeremy T. Rosenblum, Ballard Spahr LLP, CFPB Monitor, CFPB Issues Proposed Payday/Auto Title/High-Rate Installment Loan Rule (June 2, 2016)
    Christopher J. Willis, Alan S. Kaplinsky
  • Jeremy C. Sairsingh, Ballard Spahr LLP, CFPB Monitor, CFPB Issues Request for Information and Report in Conjunction with Release of Proposed Payday/ Auto Title/High-Rate Installment Loan Rule (June 3, 2016)
    Christopher J. Willis, Alan S. Kaplinsky
  • Ballard Spahr LLP, Consumer Financial Services Group, CFPB and DOJ Settle Fair Lending Claims Involving Allegations of Redlining, Discretionary Underwriting and Pricing, and Overt Discrimination (July 8, 2016)
    Christopher J. Willis, Alan S. Kaplinsky
  • John L. Culhane, Jr., Ballard Spahr LLP, CFPB Monitor, CFPB Builds Case for ECOA Protection for Gender Identity and Sexual Orientation; Ballard to Conduct Nov. 3 Webinar (September 22, 2016)
    Alan S. Kaplinsky, Christopher J. Willis
  • Ballard Spahr LLP, Consumer Financial Services Group, CFPB Previews Debt Collection Rule in SBREFA Outline (July 29, 2016)
    Alan S. Kaplinsky, Christopher J. Willis
  • Ballard Spahr LLP, Consumer Financial Services Group, CFPB Finalizes Sweeping Expansion of Prepaid Account Regulations (October 6, 2016)
    Christopher J. Willis, Alan S. Kaplinsky
  • Ballard Spahr LLP, Consumer Financial Services and Mortgage Banking Groups, D.C. Circuit Holds CFPB Structure Unconstitutional, Interpretation of RESPA Not Entitled to Deference (October 12, 2016)
    Christopher J. Willis, Alan S. Kaplinsky
  • Christopher J. Willis and John. L. Culhane, Jr., Ballard Spahr LLP, CFPB Monitor, The CFPB’s Latest LEP Guidance: A Step in the Right Direction (November 8, 2016)
    Christopher J. Willis, Alan S. Kaplinsky
  • Alan S. Kaplinsky, Ballard Spahr LLP, CFPB Monitor, CFPB Asks for Rehearing en banc in PHH Case (November 21, 2016)
    Christopher J. Willis, Alan S. Kaplinsky
  • Barbara S. Mishkin, Ballard Spahr LLP, CFPB Monitor, CFPB Issues Request for Information on Consumer Access to Financial Information (November 18, 2016)
    Christopher J. Willis, Alan S. Kaplinsky
  • Barbara S. Mishkin, Ballard Spahr LLP, CFPB Monitor, CFPB Issues Bulletin on Incentive Programs, Ballard Spahr to conduct Dec. 14 Webinar (November 29, 2016)
    Christopher J. Willis, Alan S. Kaplinsky
  • Barbara S. Mishkin, Ballard Spahr LLP, CFPB Monitor, CFPB Submits Proposal to Expand Consumer Complaint Feedback for OMB Approval (December 1, 2016)
    Alan S. Kaplinsky, Christopher J. Willis
Presentation Material
  • The CFPB Speaks - HANDOUT
    Eric J. Mogilnicki
  • (s)
    Anthony Alexis ~ Assistant Director for Enforcement, Consumer Financial Protection Bureau (CFPB)
    James Kim ~ Ballard Spahr LLP
    Eric J Mogilnicki ~ Covington & Burling LLP
    Diane E Thompson ~ Deputy Assistant Director, Office of Regulations, Consumer Financial Protection Bureau (CFPB)
    Peggy L Twohig ~ Assistant Director for Supervision Policy, Consumer Financial Protection Bureau (CFPB)
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