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Since opening its doors, the Consumer Financial Protection Bureau has conducted dozens of examinations of banks and, for the first time for a federal regulator, non-bank financial services providers. As a result of this supervisory activity, the CFPB has ordered more than $350 million in consumer relief and, in some cases, brought follow-up public enforcement actions. How a company prepares for and manages a CFPB exam can make the difference between a passing grade and an enforcement action. This webinar will take a close look at the interplay between the CFPB’s supervision and enforcement work and what that means for companies that are subject to examination. Among other things, we will address:
- How the CFPB's Supervision, Enforcement, and Fair Lending Division is organized and the roles played by the Office of Enforcement and Office of Supervision
- Strategies for navigating supervision examinations, appealing examination findings, and averting public enforcement actions
- The differences between the two offices and how to interact with each
Participants are encouraged to engage in the conversation by submitting questions throughout the live event and will receive a copy of the presentation and other materials following the webinar.
Panelists:
Jonathan L. Pompan, Esq., Partner, Venable LLP
Andrew E. Bigart, Esq., Counsel, Venable LLP
Alexandra Megaris, Esq., Associate, Venable LLP
Garry Reeder, Managing Director, Chain Bridge Partners, LCC and former CFPB Chief of Staff