President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 into law on July 21st creating the Consumer Financial Protection Bureau (CFPB). An independent entity housed within the Federal Reserve, the CFPB will exercise powers formerly the domain of a number of federal regulatory agencies including the Federal Trade Commission, the Federal Reserve and numerous other federal Banking Agencies.
In this program, government officials (some responsible for crafting the provisions in the Dodd-Frank Act that created the CFPB and others who will be charged with writing the implementing regulations) and industry experts will discuss the newly created CFPB and respond to your questions.
9:00 – 9:30 Registration
9:30 – 9:45 Opening Remarks
9:45 – 10:45 Hill Perspective
Panelists will discuss the concerns and compromises that led to the creation of the CFPB; why Congress established the CFPB as a "bureau" rather than an "agency"; it's scope of authority and what determined who was "in" and who was "out" of its jurisdiction; who will serve as Director of the CFPB and when will the Director be confirmed; the role of the "Financial Stability Oversight Council", the "consumer Advisory Board", etc.; the threshold for direct CFPB examination; the likelihood and timing of technical corrections; opportunities for review or appeal of CFPB decisions; on-going Congressional oversight and more.
Jonathan Miller, Professional Staff Member, Senate Banking Committee
James H. "Jim" Clinger, Chief Minority Counsel, House Financial Services Committee
Jim Johnson, Minority Counsel, Senate Banking Committee
William Donovan, Partner, Venable (Moderator)
10:45 – 11:00 Break
11:00 – 11:45 An Overview of the CFPB
Venable attorneys will discuss the structure and authority of the new Consumer Financial Protection Bureau and will emphasize the Board's responsibilities for implementing mortgage-related provisions required as part of the Reform Act
Joseph T. Lynyak III, Partner, Venable
Suzanne Garwood, Associate, Venable
11:45 – 12:15 Lunch
12:15 – 1:00 Regulator Perspective
Laura Johnson, Attorney, Federal Trade Commission
John J. McKechnie, III, Director of Public & Congressional Affairs, NCUA
Calvin R. Hagins, Director for Compliance Policy, OCC
Joseph T. Lynyak III, Partner, Venable (Moderator)
1:00 – 2:00 Focused Issues
Panel will focus on important issues related to the creation of the CFPB, the role it will play in the regulatory landscape, and what the future will look like for entities regulated by the new Bureau. These topics include:
- Administrative and Agency Negotiations
Ed Wilson, Partner, Venable
Ed Glynn, Partner, Venable
Emilio Cividanes, Partner, Venable
- HMDA/Fair Lending
Alex Stricker, Charles River Associates
Ron Glancz, Partner, Venable
Stu Ingis, Partner, Venable (Moderator)
2:00 – 2:15 Questions and Answers and Closing RemarksPlease RSVP to ckabuzi@Venable.com by September 17th.
This activity has been approved for Minimum Continuing Legal Education credit by the State Bar of New York in the amount of 4.5 hours, of which 4.5 hours applies to Areas of Professional Practice, and is appropriate for both newly admitted and experienced attorneys. Venable is a State Bar of New York approved MCLE provider. MCLE credit is pending in Virginia.