The $10 Billion Threshold: Preparing for CFPB Supervision
Financial institutions can face many challenges as they grow, from managing physical assets to hiring staff to investing in new technologies. As volunteer-based organizations, these challenges can be particularly formidable for federal and state credit unions. In addition, institutions also face the daunting task of transitioning to Consumer Financial Protection Bureau (CFPB) supervision. Recent changes at the CFPB indicate successfully making this transition may be more challenging in the coming years as scrutiny of financial institutions increases.
Join this webinar to learn key steps institutions can take to prepare for the transition, including an overview of CFPB examination expectations, the importance of documenting your processes, and actionable takeaways credit unions and other financial institutions can employ today.
Christopher J. Willis, Co-Practice Leader, Consumer Financial Services
John L. Culhane, Jr., Partner, Consumer Financial Services
Jennifer Aguilar, Associate, Consumer Financial Services
Jared Ihrig, Chief Compliance Officer & Counsel, Credit Union National Association (CUNA)
Alexander Monterrubio, Senior Director, Advocacy & Counsel, Credit Union National Association (CUNA)