While the leadership and priorities of the Consumer Financial Protection Bureau, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Federal Trade Commission have changed under the Trump Administration, these agencies have remained active in enforcing consumer financial services laws. In addition, state regulators and attorneys general have increased their enforcement activity to fill any void created by a decline in activity at the federal level. The volume of private litigation, particularly under the Telephone Consumer Protection Act, the Fair Debt Collection Practices Act, and the Fair Credit Reporting Act, also remains high. At the same time, the improved economy prior to COVID-19, the deregulatory environment at the federal level, and the increase in technological innovation has resulted in new entrants into the consumer financial services industry and the offering of new products by existing industry players.
Former CFPB Director Richard Cordray will deliver a keynote address to kick off the program on December 7. This portion of the event will be followed by two consecutive panels which will be co-moderated by Alan Kaplinsky, titled, "Federal Regulators Speak – Part I and Part II." These panels will feature representatives from the CFPB, OCC, FDIC, and FDIC and will focus on key federal regulatory, enforcement, and supervisory developments. One of the two afternoon panels in which Chris Willis will participate as a panel member is titled “Fair Credit Reporting Act/Debt Collection Issues” and will include a discussion of the CFPB’s final debt collection rule, FCRA litigation trends, and FCRA legislative activity. The other panel is titled “The Rapidly Evolving Landscape for FinTech” and will examine the legal issues facing users of aggregated data and data providers, the use of Artificial Intelligence (AI), alternative data, and Blockchain, and the legal challenges facing marketplace lenders (including Madden and “true lender”).
The Institute will also focus on a variety of other cutting-edge consumer financial services issues and developments, including:
- State regulatory and enforcement developments
- Data security and privacy issues
- TCPA developments
- Class actions and UDAP litigation developments
- Consumer advocates' perspectives on current regulatory and litigation issues
In addition, attendees can receive up to one full hour of Ethics credit exploring ethical issues unique to the consumer space and satisfy their Diversity & Inclusion/Elimination of Bias credit requirements.
We hope you can join us for this informative and valuable program. PLI has made a special 25% discounted registration fee available to those who register using the link that follows. To register and view a complete description of PLI’s 25th Annual Consumer Financial Services Institute, click here.
Alan Kaplinsky, Partner
Consumer Financial Services
Christopher J. Willis, Partner
Consumer Financial Services
For more information and/or assistance with registration, contact PLI Customer Service at 800.260.4PLI.