While many regulatory agencies offer no-action letters as a means of providing regulatory certainty, the Consumer Financial Protection Bureau (CFPB) recently adopted a very limited no-action letter policy, particularly for companies seeking to introduce innovative financial products or services. The new policy is consistent with the CFPB's approach of engaging in only limited rulemaking, and instead "regulating" through informal bulletins and consent orders resolving enforcement actions.

In this webinar, we will discuss the new no-action letter policy and what the CFPB's approach means for lenders' compliance programs. We also will discuss what particular CFPB consent orders and guidance bulletins say about the CFPB's views on steps companies must take to stay out of trouble, as well as what questions the orders and bulletins leave unanswered.

Date & TIme

Thursday, March 24, 2016
12:00 PM – 1:00 PM ET

Moderator

Alan S. Kaplinsky, Practice Group Leader
Consumer Financial Services Group

SpeakerS

John L. Culhane, Jr.

Consumer Financial Services Group

Christopher J. Willis

Consumer Financial Services Group

Scott M. Pearson

Consumer Financial Services Group

James Kim
Consumer Financial Services Group

This program is open to Ballard Spahr clients interested in the CFPB's no-action letter policy. There is no cost to attend. This program is not eligible for continuing education credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Eva M. D'Ignazio at dignazioe@ballardspahr.com.

Register