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UDAAP & Consumer Protection: Heightened Scrutiny Under A New Administration - Details

Registration for this event is open from: Apr 15, 2021 12:00 - Dec 16, 2021 12:00
Where: Webinar, Recorded, Both Live/Recorded, (US).
Date: Jun 16, 2021 - Jun 16, 2021
Time: 02:00 - 03:30
Event description:

UDAAP & Consumer Protection:  Heightened Scrutiny Under a New Administration

(90-minute webinar – recording also available)

 Wednesday, June 16, 2021

12:00 PM Pacific       1:00 PM Mountain

2:00 PM Central       3:00 PM Eastern

U-turn?  You bet!  UDAAP and consumer protection are back in full effect.  The CFPB’s ability to use their full supervisory enforcement authority has been reinstated – a dramatic regulatory shift from one administration to the next.  Are you prepared for the renewed focus on consumer protection? 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Recognize areas of increasing compliance risk
  • Appreciate the renewed compliance focus
  • Avoid UDAAP infractions by using recent guidance
  • Comply with CFPB’s clarification that discrimination based on gender identification and sexual orientation is prohibited under ECOA
  • Prepare for the compliance management system examination

WEBINAR DETAILS

The CFPB is making a regulatory U-turn.  A Trump-era policy restricting the ability to utilize UDAAP was recently rescinded.  Under the Biden administration, the CFPB can again use their full supervisory enforcement authority to address unlawful or abusive acts or practices.  The CFPB also issued an interpretive rule clarifying that discrimination based on gender identity or sexual orientation is prohibited under the Equal Credit Opportunity Act and Reg B.  

Regulators have indicated they will step up consumer protection efforts due to lapses found during examinations.  Unfortunately, increased regulatory scrutiny usually increases litigation risk.  These events should sharply focus every financial institution on having a robust compliance management system to abide by all laws, rules, and regulations, and also understand and appreciate the changing regulatory climate.  Join veteran compliance attorney David Reed as he cuts through the regulatory speak and highlights the current consumer protection landscape outlining essential steps institutions should take to protect themselves.

WHO SHOULD ATTEND?

This informative session is designed for senior executives, directors, managers, lending staff, compliance personnel, audit staff, and anyone involved with compliance and the regulatory examination process. 

TAKE-AWAY TOOLKIT

  • Sample compliance management system policy
  • UDAAP prevention checklist
  • Recent regulatory guidance
  • Employee training log
  • Interactive quiz 

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David A Reed    MEET THE PRESENTER - David A. Reed, JD, Reed & Jolly, PLLC

Attorney, author, consultant, and nationally recognized speaker, David Reed is a partner in the law firm of Reed & Jolly, PLLC.  He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance.  His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections. 

A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner.  He is particularly known as an expert in the areas of operations, bankruptcy, and collections.  He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy.

THREE REGISTRATION OPTIONS – WHAT YOU GET

1. Live Webinar Includes

  • Unlimited connections within your institution to the Live Webinar

  • Handout and Take-Away Toolkit

  • Available on desktop, mobile & tablet

  • Presenter’s contact info for follow-up 

2. Recorded Webinar Includes

  • Recording of the Live Webinar

  • Available two business days following Live date

  • Handout and Take-Away Toolkit

  • Available on desktop, mobile & tablet

  • Free Digital Download, yours to keep

  • Share link with anyone at your institution

  • Presenter’s contact info for follow-up

3. Purchase the BOTH Option to receive all the benefits listed above! Full registration descriptions can be found here.

Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE