CFPB Enhanced Oversight and Heightened Scrutiny of the Industry: Evaluating Lessons Learned from Recent Enforcement Actions, Preparing for Investigations and Examinations and Looking Ahead to Rulemaking Updates
Gerald S. Sachs
Of Counsel
Paul Hastings LLP Former Senior Counsel for Policy and Strategy with the CFPB’s Office of Enforcement
Christi Lawson
Foley & Lardner LLP
Donald S. Maurice
Partner
Maurice & Wutscher LLP
- Assessing recent enforcement actions and investigations undertaken by the CFPB: Lessons learned; Trends in enforcement actions; Which market sectors are receiving enhanced scrutiny and why?; Pursuit of mortgage reinsurance cases
- Anticipating the types of claims that the CFPB will be pursuing in the near-term: Bulletin relating to mortgage servicing transfers: Which CFPB actions will lead to piggybacking private actions?
- Preparing for and responding to CFPB investigations
- Responding to CIDs (Civil Investigative Demands)
- Where the CFPB is likely headed in the coming months: Trends in examinations and investigations; What to expect
- Assessing coordination efforts between the CFPB and other federal and state agencies, including state AGs
- Rulemaking updates: Recent enforcement actions claiming ‘disparate impact’
- Impact of the CFPB’s consumer complaints database on consumer finance litigation: How have plaintiffs’ counsel responded?; How financial institutions can use the database to anticipate and prepare for the next wave of litigation and develop proactive compliance strategies to minimize risk
- Assessing the CFPB’s adjudication procedures
- Attorney-client privilege and the CFPB