January 25, 2018 | InsideARM

CFPB Retrospective—Five Enduring Lessons, Even After Cordray’s Departure

1 min

"CFPB Retrospective—Five Enduring Lessons, Even After Cordray's Departure," co-authored by Andrew Bigart, Partner; and Meredith Boylan and Alexandra Megaris, Counsel, was published in InsideARM on January 25, 2018. It discusses the five key takeaways for consumer financial protection under the previous CFPB Director, Richard Cordray:

  1. Minimize Risk by Putting Consumers First
  2. Substantiation—Say What You Mean and Mean What You Say
  3. Maintain a Robust Compliance Management System Across Your Business
  4. Be Mindful of Risks Posed by Employee Compensation Programs
  5. If You Lie Down with Dogs, You Get Up with Fleas