transcript   Transcript

The CFPB Speaks

Recorded on: Jun. 27, 2018
Running Time: 01:51:59

Full Transcript:

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Taken from the Web Program 23rd Annual Consumer Financial Services Institute Recorded June, 2018 in San Francisco [01:51:59]


  • Meeting the new CFPB leadership
  • Constitutional challenges to the CFPB
  • Legislative reform

Regulatory Developments

  • CRA disapproval of final arbitration rule and next steps
  • CRA disapproval of auto finance fair lending
  • Final small dollar lending rule
  • Final prepaid account rule and proposed amendments
  • Status of other rules involving debt collection, overdraft practices, and small business lending data collection
  • Implementation of new mortgage rules and status of amendments to TILA-RESPA integrated disclosure rule
  • Priorities going forward

Supervisory Developments

  • Status of future "larger participant" rules, including for installment and auto title lenders
  • Status of registration system for nonbank lenders
  • Priorities going forward

Enforcement Developments

  • Important consent order and enforcement litigation during the past year
  • Ongoing litigation under the new CFPB leadership
  • Use of UDAAP authority for “abusive” acts or practices
  • Priorities going forward

The purchase price of this Web Program segment includes the following article from the Course Handbook available online:

  • Selected posts, Ballard Spahr LLP, Consumer Finance Monitor, CFPB, Federal Agencies, State Agencies, and Attorneys General (
    Alan S. Kaplinsky, Christopher J. Willis
  • Mortgage Bankers Association, CFPB 2.0: Advancing Consumer Protection (August 2017)
    Eric J. Mogilnicki
  • Consumer Financial Protection Bureau, Supervisory Highlights, Issue 16, Summer 2017 (September 2017)
  • Consumer Financial Protection Bureau, Supervisory Highlights, Issue 15, Spring 2017 (April 2017)
  • Consumer Financial Protection Bureau, Supervisory Highlights Consumer Reporting Special Edition, Issue 14, Winter 2017 (March 2017)
F. Paul Bland, Jr. ~ Executive Director, Public Justice
Eric J. Mogilnicki ~ Covington & Burling LLP
Cara Petersen ~ Principal Deputy Enforcement Director, Bureau of Consumer Financial Protection (BCFP)
Genessa Stout ~ Director, Product Counsel, Consumer Products & Venmo, PayPal Inc
Christopher J. Young ~ Deputy Assistant Director for Supervision Policy, Office of Supervision Policy, Consumer Financial Protection Bureau (CFPB)
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