May 05, 2015 - 2:00 PM - 3:00 PM ET

Understanding Federal and State AG Financial Services Enforcement Trends

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Update: This event has already occurred. Please visit our Venable LLP YouTube channel to listen to and view the recorded webinar.

Looking to avoid being caught in the crosshairs of increased scrutiny by the U.S. Department of Justice (DOJ), Consumer Financial Protection Bureau (CFPB), Federal Trade Commission (FTC), federal banking regulators, and state Attorneys General? Over the past several years, federal and state enforcement officials have shifted their focus to financial services providers, including small dollar lenders, mortgage lenders and servicers, telemarketers, private student lenders, debt collectors, and their third party payment processors and other vendors. The DOJ’s Operation Choke Point (OCP), and other government enforcement actions targeting financial services providers and vendors, are examples of this enforcement evolution. In addition, state Attorneys General are actively enforcing the same laws and regulations as the CFPB.

A former U.S. Senator and state Attorney General, a former federal prosecutor, and two industry attorneys in the trenches will take an in-depth look at the priorities at the forefront of government criminal and civil enforcement efforts from a regulatory, legislative, and business perspective. Topics will include:

  • An insider's view of the Financial Fraud Enforcement Task Force Consumer Protection Working Group;
  • Coordination and individual efforts by and among the DOJ, CFPB, FTC, banking agencies, and states;
  • The practical impact of OCP and similar initiatives;
  • Compliance best practices and strategies to avoid and survive investigations; and
  • Ways to minimize regulatory and enforcement overreach.

The Honorable Mark L. Pryor, Partner, Venable LLP (former U.S. Senator and Arkansas Attorney General)
Michael J. Bresnick, Partner and Chair of the Financial Services Investigations and Enforcement Practice, Venable LLP (former Executive Director of President Obama's Financial Fraud Enforcement Task Force)
Jeffrey D. Knowles, Partner and Chair of the Government Division, Venable LLP

Jonathan L. Pompan, Partner and Co-Chair Consumer Financial Protection Bureau Task Force, Venable LLP