Consumer Financial Protection

April 25, 2012
 
CFPB [Consumer Financial Protection Bureau] Update at RMA’s GCOR VI
 
Cambridge, MA
 

For more information, visit the conference website.

Weil partner Walter Zalenski will speak on the new Consumer Financial Protection Bureau (CFPB), established by the Dodd-Frank Reform Act, at the Risk Management Association’s 6th Annual Governance, Compliance, and Operational Risk Conference (GCOR VI), to be held in Cambridge, Massachusetts on April 25-26, 2012.

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Walter E. Zalenski, of Weil’s Financial Institutions Regulatory practice, published a timely article with Bank Director magazine detailing how retail bankers, facing  a double-barreled enforcement authority assault from the Bureau of Consumer Financial Protection (CFPB) and the states, must consider compliance a high priority, starting at the board of directors level.

Full-Text Article from Bank Director Magazine

Derrick D. Cephas, the head of Weil’s Financial Institutions Regulatory practice, published an interesting article with Bank Director magazine detailing how banks can approach new industry regulations in a constructive manner and how the new rules have changed the regulatory landscape.

Full-Text Article from Bank Director Magazine

In part two of this series, Weil’s Bruce Colbath, Michael Lyle, and Walt Zalenski explore the “practical aspects of responding to and defending a Consumer Financial Protection Bureau’s (CFPB) investigation.”  From the onset of the investigation through the process, the authors cover CID response; data and document production; privilege, privacy, and confidentiality; as well as witness testimony.  Appearing in Consumer Financial Services Law Report on September 22, 2011, the article emphasizes various preservation or lost opportunity aspects.

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In part one of this series, Weil’s Bruce Colbath, Michael Lyle, and Walt Zalenski review the Consumer Financial Protection Bureau’s (CFPB) investigatory powers as well as elements of a CFPB Civil Investigation Demand (CID) modeled after the Federal Trade Commission’s (FTC) ”significant latitude” in investigatory powers.  Appearing in Consumer Financial Services Law Report on September 8, 2011, the article emphasizes the CFPB’s “primary focus” on enforcement in the consumer finance sector.

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