The CFPB has announced that it has begun to examine service providers on a regular, systematic basis, particularly those supporting the mortgage industry. Since its inception, the CFPB has had the authority to supervise service providers. However, in the past, the CFPB has only examined some service providers on an ad hoc basis. The change represents a significant expansion of the CFPB’s use of its supervisory authority and will substantially increase the number and types of entities facing CFPB examinations.

During this webinar panelists will address a range of topics including:

  • Who are service providers and which ones are likely to face examination in the near future?
  • The importance of this development for service providers
  • Changes banks and nonbanks already supervised by the CFPB should expect
  • Recent CFPB guidance clarifying its expectations for oversight of service providers
  • Vicarious liability risk
  • How to manage service provider relationships to effectively manage compliance obligations

Date & TIme

Tuesday, June 13, 2017
12:00 PM - 1:00 PM ET

Moderator

Alan S. Kaplinsky
Practice Group Leader
Consumer Financial Services

Speakers

Christopher J. Willis
Practice Leader
Consumer Financial Services
Litigation

Reid Herlihy
Mortgage Banking

Bowen Ranney
Consumer Financial Services

This program is open to Ballard Spahr clients and prospective clients and members of the financial services industry. There is no cost to attend. This program is not eligible for CLE credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Daniel Martin at martind@ballardspahr.com.

Register