The Impact of the Election on the CFPB - Part 2

Elections have consequences at the CFPB.

After our high-level post-election webinar on November 12, our clients expressed interest in hearing us take a deeper dive into the anticipated changes that will likely happen at the CFPB once a new (acting) director appointed by President-elect Trump takes over.

To that end, we are pleased to invite you to join us for a series of three webinars discussing the transition period at the CFPB. They will focus on regulations, supervision and enforcement, and the ramped-up enforcement initiatives we expect to see from state attorneys general.

Our special guest for Part 2, Kathy Kraninger, was Director of the CFPB from 2018 to 2021 during most of President Trump’s first term in office. During the webinar and a "fireside chat" with Alan Kaplinsky, Ms. Kraninger will discuss her term as Director and how it differed from Richard Cordray’s term as Director and what this may portend for the agenda of the new (Acting) Director.

We are delighted to announce that Matthew J. Platkin, Attorney General for the State of New Jersey, will join us for Part 3 of this series for the webinar and a fireside chat. Attorney General Platkin will discuss the role of state AGs in a shifting CFPB landscape. 

See below for more information.

January 6, 2025 – Part 2: Supervision and Enforcement
12:00 PM ET
January 17, 2025 – Part 3: Enforcement Initiatives From State Attorneys General
1:00 PM ET

ADDITIONAL INFORMATION

The three webinars in this trilogy are approved for 1.5 CLE credit in CA, NV, NY, & PA, and 1.8 in NJ. MN CLE Credit is pending. Uniform Certificates of Attendance will also be provided for the purpose of seeking credit in other jurisdictions.

Login details can be found in the calendar hold and will be resent the day before the webinar. For more information, contact events@ballardspahr.com. 

Part 2 - Supervision and Enforcement

11:45 AM - 12:00 PM ET | Log on
12:00 PM - 1:30 PM ET | Program

During the second webinar in our three-part series, after Ms. Kraninger’s fireside chat with Alan Kaplinsky, we will discuss:

• What will supervision look like under the new Director?
  • Business as usual or more relaxed?
  • Focus on compliance with Federal consumer financial services laws and less on UDAAP?
  • Reduced staffing?
  • Fewer exams?
  • Fewer PAAR letters and more use of MRAs and MRIAs?
• What will enforcement look like under the new Director?
  • Review of existing lawsuits and investigations
  • Dismissal of certain cases that involve “regulation by enforcement” or “pushing the envelope”
  • Types of new investigations and lawsuits (focus on fraud and scams and less on UDAAP)
  • Position on whether CFPB is being unlawfully funded because the Federal Reserve Banks have had no combined earnings since September 2022
• What will happen to the current CFPB's focus on non-traditional banking institutions?
• How should entities prepare for exams under the new director?

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Special Guests:

Part 1: Regulations
David Silberman, Former Acting Deputy Director of the CFPB (2016-2017)

Part 2: Supervision and Enforcement
Kathy Kraninger, Former Director of the CFPB (2018-2021)

Part 3: Enforcement Initiatives From State Attorneys General
Matthew J. Platkin, NJ Attorney General