transcript   Transcript

The CFPB under the Trump Administration: Where is it now and where is it going?

Recorded on: Mar. 28, 2018
Running Time: 01:36:23

Full Transcript:



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Taken from the Web Program 23rd Annual Consumer Financial Services Institute Recorded March 2018 in New York

The CFPB under the Trump Administration: Where is it now and where is it going? [01:36:23]

General

  • Status of Acting Director litigation
  • Impact of permanent Director nomination process on Mulvaney’s tenure as Acting Director
  • Legislative reform prospects
  • Prospects for budget and personnel cuts

Regulatory Developments

  • Revisiting of final small dollar lending rule
  • Amendments to final prepaid account rule
  • Direction of debt collection rulemaking
  • Status of other rules involving overdraft practices, small business lending data collection
  • Revisiting of mortgage rules
  • Approach to existing and future guidance and bulletins
  • Innovation and no-action letter process
  • Potential changes signaled by regulatory process RFI

Supervisory Developments

  • Current supervisory activity and impact of data collection freeze
  • Supervision process RFI and potential changes to examinations
  • Future use of supervisory appeals process
  • Current functioning of complaint portal and potential changes
  • Potential changes signaled by complaint data RFI
  • Status of future "larger participant" rules, including for installment and auto title lenders
  • Status of registration system for nonbank lenders

Enforcement Developments

  • Current enforcement activity
  • Significance of restructuring of Office of Fair Lending and future fair lending initiatives
  • Potential changes signaled by Civil Investigative Demand/Administrative

Adjudication/Enforcement RFIs

  • Impact of Mulvaney’s no “pushing the envelope” approach and focus on quantifiable consumer harm
  • Future relationship with state AGs and regulators

The purchase price of this Web Program segment includes the following articles from the Course Handbook available online:

  • Selected posts, Ballard Spahr LLP, Consumer Finance Monitor, CFPB, Federal Agencies, State Agencies, and Attorneys General (www.consumerfinancemonitor.com)
    Christopher J. Willis, Alan S. Kaplinsky
  • Mortgage Bankers Association, CFPB 2.0: Advancing Consumer Protection (August 2017)
    Eric J. Mogilnicki
  • Consumer Financial Protection Bureau, Supervisory Highlights, Issue 16, Summer 2017 (September 2017)
  • Consumer Financial Protection Bureau, Supervisory Highlights, Issue 15, Spring 2017 (April 2017)
  • Consumer Financial Protection Bureau, Supervisory Highlights Consumer Reporting Special Edition, Issue 14, Winter 2017 (March 2017)
(s)
F. Paul Bland, Jr. ~ Executive Director, Public Justice
Eric J Mogilnicki ~ Covington & Burling LLP
Christopher L Peterson ~ John J. Flynn Endowed Professor of Law, S.J. Quinney College of Law,University of Utah
Jeff Sovern ~ Co-Coordinator, Consumer Law and Policy Blog; Professor of Law, St. John's University, School of Law
Christopher J Willis ~ Ballard Spahr LLP
Todd J Zywicki ~ Foundation Professor of Law, George Mason University
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