May 15, 2014 - 12:30 PM - 2:15 PM EST

"CFPB Financial Institution Enforcement 2014" for ALI CLE

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Telephone Seminar and Audio Webcast

Allyson Baker, Suzanne Garwood and Ronald Glancz will be faculty presenters for a CLE telephone seminar/audio webcast entitled "CFPB Financial Institution Enforcement 2014" on Thursday, May 15, 2014. The broadcast will take place from 12:30 p.m. to 2:15 p.m. ET.

The Consumer Financial Protection Bureau (CFPB) has significant law enforcement authority that extends to all large banks and nonbanks that offer or provide consumer financial products or services. The CFPB’s Office of Enforcement initiates investigations and pursues litigation. In less than three years, the CFPB has assessed more than $1 billion in civil money penalties, consumer redress, and other types of monetary relief.

At this informative and concise CLE program, gain insight into the CFPB’s enforcement authorities, operations, and priorities from experienced financial services counsel.

Discussion will include:

  • General overview of the CFPB’s enforcement authority
      • Civil investigative demands (CID)
      • Litigation: district court and administrative proceedings
      • Remedies: injunctive, restitution/disgorgement, civil money penalties
  • CFPB enforcement priorities
      • Industry specific (e.g., credit cards, residential mortgages, debt collection, debt settlement)
      • Practice specific (e.g., add-on products, deposit advance products, fair lending)
      • Abusive authority
  • Trends in CFPB enforcement
      • Joint enforcement actions with other law enforcement agencies, banking regulators and the financial fraud enforcement task force
      • Increased joint efforts with state attorneys general
      • Enforcement and supervision functions working together

This accredited continuing legal education program from ALI CLE will benefit bank executives, bank directors, and the attorneys who represent them, including in-house counsel, bank general counsel, and corporate lawyers, as well as other lawyers who have clients in financial services.

Click for information and to register for "CFPB Financial Institution Enforcement 2014."