What are the boundaries of the Consumer Financial Protection Bureau’s authority? How might those boundaries continue to expand in the future? Are there ways that the CFPB can take action against a company even if it does not have true supervisory authority? These are just some of the questions that frustrated and concerned financial institutions and other consumer finance companies have been asking since the CFPB began operating in July 2011.
The CFPB’s jurisdiction is wide and its reach seems to grow longer as time passes. The CFPB has extended its supervisory jurisdiction to include credit bureau reporting agencies, debt collectors and student loan servicers. The bureau has even indicated that it will continue to expand its supervisory jurisdiction into other industries as well, including auto lending by non-banks.
Join me on Thursday, October 9, 2014 at 12:00pm EST for an in-depth webinar about the Consumer Financial Protection Bureau’s jurisdiction and authority over consumer finance companies and financial institutions. This webinar will focus on the CFPB’s reach for an even greater level of authority, and what financial services companies can do to prevent themselves from being the next target of a CFPB investigation or enforcement action. The webinar will also cover the latest developments pertaining to defending against mortgage buyback demands.