March 31, 2021 - EST

2021 Receivables Management Association International (RMAi) Annual Conference

"Preparing for, Managing, and Cleaning Up/Remediating Federal and State Investigations" hosted by Receivables Management Association International

Jonathan L. Pompan, partner and co-chair of Venable’s Consumer Financial Services Practice Group, will present “Preparing for, Managing, and Cleaning Up/Remediating Federal and State Investigations.” The results of the election promise to have a profound impact on the federal and state legal and regulatory landscape governing collections. Debt collection enforcement will remain a constant threat for collectors going forward. Jonathan will discuss the CFPB, FTC, and state attorney general investigation and enforcement process and provide key takeaways companies can use to avoid and navigate investigations.

Key topics Jonathan will focus on include:

  • The priorities of federal and state enforcement agencies, and the influence of prior enforcement activity and the new debt collection rule implementing the Fair Debt Collections Practices Act;
  • How companies can enhance and use compliance management systems to help avoid investigations;
  • How the scope of civil investigative demands/subpoenas and deadlines can be negotiated to reduce the burden, and how individual inquiries differ from multistate and federal co-investigations and litigation;
  • The ways in which law enforcement agencies calculate remedies and what they mean during settlement negotiations;
  • Ways to leverage good business conduct, remediation, bona fide error, and the absence of consumer harm; and
  • Strategies for obtaining closing letters, negotiating settlements.

For a previous presentations by Venable attorneys on this topic, see:

Inside Tips for Demonstrating Compliance and Navigating CFPB Examinations (from RMAI Insights Magazine)

Playing Your Best Hand When Dealt a State Attorney General Investigation

CFPB Turns Five: The Evolving Legal and Regulatory Landscape for Debt Collection

Compliance Catch 22:  Thriving in an Evolving Regulatory Environment