July 2013

CFPB Digest – July 2013

3 min

Below is a list of the best of our Consumer Financial Protection Bureau ("CFPB")-related legal articles and presentations recently published by our attorneys.  We have put together some very interesting and useful materials that should be of help to your organization as you tackle the challenging array of legal issues surrounding CFPB compliance.  Also, we have included a list of upcoming events where Venable attorneys will be speaking on CFPB matters.

To read any of these articles or presentations, please click on the title.

CFPB Unveils Regulatory Priorities: More Nonbank Supervision and Substantive Rulemakings Expected (Article)

What to Know about CFPB Supervision and Examination (Article)

CFPB's Office of Enforcement Issues a Bulletin Describing Its Definition of "Responsible Business Conduct" (Article)

US and UK Whistleblowing Programmes: Implications for US and UK Financial Institutions and Other Companies (Article)

Credit Counseling: Obstacles to Innovation and Path to Consumer Empowerment (Presentation)

Advertising and Marketing Law Fundamentals for Consumer Financial Products and Services (Presentation)

CFPB and Justice Department Team Up on Enforcement (Article)

CFPB Targets Service Provider in Real Estate Kickback Enforcement Action (Article)

Navigating Consumer Financial Protection Bureau Investigations and Enforcement Actions (Presentation)

Six Things to Know about the CFPB (Article)

CFPB: March Roundup (Article)

What Lead Generators Need to Know about the Consumer Financial Protection Bureau (Presentation)

FTC's Updated .com Disclosures Guidance (Article)

CFPB Digest – March 2013 (Article)

What to Expect When You're Under a CFPB Investigation – Negotiating the Scope of the CID (Article)

Upcoming Events

July 18, 2013 - "Bank Enforcement Actions: New Issues, Higher Penalties, Joint Enforcement Actions," Strafford Webinar

Ron Glancz, together with an authoritative panel of banking practitioners with more than 130 years of experience, will present a CLE webinar on July 18, 2013.  The program will evaluate current issues and defenses in bank enforcement actions and predict what we can expect to see in the near future.  Topics that will be covered include consumer protection issues, anti-money laundering and OFAC policies, bank safety and soundness, fair lending, responses and defenses to enforcement actions, and directors and officers exposures and vulnerabilities to enforcement.

August 14-15, 2013 - "Point / Counterpoint: LeadGen and the Consumer Financial Protection Bureau" at LeadsCon East 2013

Jonathan Pompan will present at LeadsCon East 2013 in New York, NY on August 15, 2013.  This session will provide an overview of the CFPB’s focus on lead generation and ways to avoid scrutiny.  The legal risks are different than in years past, and range from orders to shut down your business, civil monetary penalties, and prohibitions on advertising in the future to potential criminal referrals.  Learn best practices, and potential pitfalls from one of the CFPB’s own top enforcers and a leading industry attorney.

November 13, 2013 - "Understanding CFPB Enforcement and Supervision, and State Attorneys General and Regulatory Issues" at the Association of Credit Counseling Professionals Winter 2013 Conference

Jonathan Pompan will be providing a legal and regulatory update for credit counseling agencies at the Association of Credit Counseling Professionals (ACCPros) Winter 2013 Conference.  Topics that will be discussed include the latest developments from the Consumer Financial Protection Bureau, the Federal Trade Commission, Internal Revenue Service, and state Attorneys General.