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

January 29, 2015 10:35am

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
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