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:

If you are a Privileged Member, just log in and start reading now! If you are not a Privileged Member, please click here to learn how unlimited access to PLI programs may be right for you and your firm.

To access the streaming media of this presentation, please purchase the corresponding seminar segment.

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]


  • 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 (
    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)
F. Paul Bland, Jr. ~ Executive Director, Public Justice
Eric J. Mogilnicki ~ Covington & Burling LLP
Christopher L. Peterson ~ Director of Financial Services, Consumer Federation of America (Washington, DC), 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
Transcript FAQ's
  • How Can I Access Transcripts?
    You must be a Member in good standing.

  • Can I access the Video?
    Yes, you can access the video if you have the Adobe Flash plugin installed. Click on the video camera icon when you mouse over each paragraph. The media will begin playback at that point.

  • Can I get CLE credit for reading the transcript?
    No, CLE credit cannot be earned for reading a transcript. CLE credit is issued only for verified attendance while watching a web program. If seeking credit, please verify the program's eligibility for credit and expiration date in your jurisdiction on the web segment launch page before commencing the program.

  • twitter
  • LinkedIn
  • YouTube
  • RSS

All Contents Copyright © 1996-2019 Practising Law Institute. Continuing Legal Education since 1933.

© 2019 PLI PRACTISING LAW INSTITUTE. All rights reserved. The PLI logo is a service mark of PLI.