Regulatory Alphabet Soup: Get to Know the Players Tapping in for the CFPB
As Acting Director Mick Mulvaney has stated, the Consumer Financial Protection Bureau (CFPB) appears to be discarding its former governing philosophy of “pushing the envelope” through aggressive prosecution, and embracing a more case-by-case approach to enforcement.
Only time will tell if this new direction will stick or if this style of enforcement causes the regulatory pendulum to swing back harder in the other direction.
In either scenario, there’s a reason lenders aren’t popping champagne and turning off their compliance management systems: the CFPB is just one regulator among many.
Changes may be afoot at the Bureau but that doesn’t mean lenders are off the hook for compliance. Quite the opposite, in fact. From the Federal Trade Commission (FTC) to the Justice Department to state attorneys general, there’s an alphabet soup of institutions poised to fill any vacuum left by changes at the CFPB.
With all that in mind, we invite you to join AFSA and Compli next Wednesday, April 18 at 2 p.m. ET for a free live webinar entitled Regulatory Alphabet Soup: As the CFPB Evolves, Who’s Watching Lenders Now?
Led by compliance experts Michael Benoit, Chairman of Hudson Cook, and Brian Larson, Director of Sales at Compli, they will take you through what you need to know as the alphabet soup of regulators line up to keep the fuel on the regulatory fire.
April 10th, 2018 by Dan Bucherer