On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act and with it the Consumer Financial Protection Act that creates the new Bureau of Consumer Financial Protection. The Bureau is vested with consumer financial protection responsibilities and with rulemaking, supervisory and enforcement authority over a wide range of consumer financial products and services, including financial advisory services such as providing credit counseling, and assisting consumers with debt management or debt settlement, modifying the terms of any extension of credit, or avoiding foreclosure. A new federal consumer financial protection watchdog ushers in a new era of potential regulation, scrutiny and opportunity.
Two of the industry’s leading attorneys will focus on the impact of the new Consumer Financial Protection Act on credit counseling agencies and other debt relief service providers. This program will explore the purpose, organization and structure of the new Bureau, discuss the implications of the Bureau’s rulemaking power, examine the transfer of enforcement of existing statutes such as the SAFE Act (from the U.S. Department of Housing and Urban Development), and provide the latest on what to expect in the areas of rulemakings, guidance and enforcement. The program also will touch on other aspects of the CFPA and the Dodd-Frank Act, as well as the relationship between the Bureau and the Federal Trade Commission’s recent amendments to the Telemarketing Sales Rule to address debt relief services. Finally, there will be plenty of time for questions. This will be a can’t miss program for credit counseling agencies, housing counseling agencies, and anyone involved in providing debt relief-related services to consumers.
Jonathan L. Pompan, Esq., Venable LLP, Washington, DC
Lunch & Networking 12:00 - 12:30 p.m. EST
Program 12:30 - 2:00 p.m. EST
RSVP by September 14, 2010 to 410.244.7856 or asample@Venable.com. Please indicate whether you will be attending in-person or via audio conference.