New CFPB regulations for 2013: How to avoid regulatory and enforcement action

The Consumer Financial Protection Bureau (CFPB) was busy in 2012. In addition to defining the scope of its regulatory authority, it was active on the examination and enforcement fronts. Not to mention the introduction of thousands of pages of proposed new regulations and oversight of the financial services industry. And the Bureau is just getting started. 

More new rules are expected in 2013 that will have a considerable impact on your financial institution’s operations and regulatory burden. And it’s not just large banks, credit unions, and nonbanks (including mortgage lenders) that the CFPB oversees—community banks must also comply with CFPB’s new rules and regulations designed to protect consumers against unfair, deceptive, and abusive practices (UDAAP). 

CFPB has the authority to conduct investigations into whether your financial institution has done anything to violate federal consumer finance laws. Which means if you aren’t keeping up with the latest rules and regulatory action taken by the CFPB, you risk possible administrative enforcement proceedings or civil actions in federal district court. You could even end up paying significant damages or monetary penalties, not to mention the PR nightmare that would result from a public notice of any violation. All costly results that could be avoided. 

Find out what you can do to fix potential problems before the CFPB uncovers them when you register to attend Sheshunoff’s latest webinar “Financial Services Industry and the CFPB: How to Ensure Compliance With New Regulations” on Thursday, January 17, 2013. Listen as Andrew Campbell from Ober/Kaler provides you with a comprehensive examination of the regulations that the CFPB has implemented to date, along with what you can expect from the Bureau in 2013.

Whether you’re a CEO, CFO, COO, Compliance Manager, Loan Officer, Risk Manager—anyone at either a bank, credit union, or nonbank who wants to ensure compliance with CFPB regulations and avoid having to take costly corrective action—you’ll want to register for this event today. 

Starting at one low price—just $199 (through 1/4/13; $249 thereafter)—you and your entire team can take part together in this fast-paced, comprehensive webinar. Best of all, you’ll be able to connect personally with our speaker when we open things up for questions from the audience. And everyone can earn one (1) NASBA CPE credit hour just for attending this session and responding to the questions in our post-conference survey.

Here’s just some of the information you’ll get when you register to attend this in-depth 90-minute webinar (60-minute presentation, 30 minutes for Q&A): 

• CFPB’s planned agenda for 2013, based on the Bureau’s “Report to Congress.” 
• Which new and proposed CFPB regulatory initiatives are most important to community banks and credit unions—and why.  
• The most critical issues and problems that CFPB examiners have detected to date, and how you can avoid them.
• Analysis of CFPB enforcement actions in 2012, and what they tell us about the agency’s direction.
• CFPB’s enforcement priorities for 2013.
  …and much more!

Your webinar registration includes: 

• A site license to attend the conference (invite as many people as you can fit around your computer at no extra charge). 
• Downloadable presentation slides from our speaker.
• The opportunity to connect directly with the speaker during the audience Q&A session.

Sheshunoff interactive webinars are 90 minutes long and include a 30-minute Q&A session with the expert so you may ask questions specific to your institution. Handouts are made available 48 hours prior to the conference and certificates of attendance may be requested for all attendees. While webinars may be attended in an audio-only format, we encourage you to take advantage of the interactive features in the webinar. 

About Andrew Campbell

Andrew Campbell is counsel in the Financial Institutions Group of the law firm of Ober|Kaler. He has over 25 years' experience representing banks, thrifts, holding companies, mortgage companies and other financial services firms. He began his career as an attorney with the Office of the Comptroller of the Currency (OCC) and as outside counsel, and in-house counsel to Wells Fargo and Sallie Mae, he has focused on designing compliance and training programs for his clients. See all works by Mr. Campbell