What to Expect From the CFPB

The Consumer Financial Protection Bureau (CFPB) is loved by some and hated by others. Supporters argue that it has 'made a real and lasting difference that has improved people's lives.' Critics, on the other hand, argue that it has acted as 'the single most powerful and least accountable federal agency in all of Washington.'

Those diverse perspectives matter more now than ever, as the CFPB is in the midst of leadership shuffle that will transform the agency and as both the Trump Administration and Congress are demanding reforms. Join Troutman Sander's experts Ethan Ostroff and Timothy Butler as they discuss what companies offering consumer financial products and services should expect from the new CFPB.

This topic will discuss recent rulemaking, enforcement, and supervision trends and how those trends are expected to change under the CFPB's new leadership.

Learning Objectives:

• You will be able to define the CFPB's mandate, jurisdiction, and structure.
• You will be able to describe the CFPB's recent and expected rulemaking, enforcement, and supervision trends.
• You will be able to discuss what to expect from the CFPB in the coming year.
• You will be able to explain the policy rationales that motivate different approaches to consumer protection and rulemaking.

This Live Webinar Covers These Hot Issues:

If History Repeats Itself

• Recent Rulemaking Trends
  
• Recent Enforcement Trends
  
• Recent Supervision Trends

Why History Won't Repeat Itself

• The New Director: Personal and Professional Biography
  
• The New Director: Policy Positions and Statements
  
• The New Director: Staffing Decisions

What's Next?

• Expected Congressional Action: Will the Republican Congress Kill the CFPB?
  
• Expected Rulemaking: Repeal and Replace?
  
• Expected Enforcement Trends: Substantial Harm and Federalism?
  
• Expected Supervision Trends: Our Regulator and Friend?

Credit Information (Sponsored by Lorman Education Services)

• CLE
• CPE
• NASBA

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Faculty

Timothy A. Butler, Troutman Sanders LLP

• Senior associate in the office of Troutman Sanders LLP
• Prior to joining Troutman Sanders, he was a senior official in the Georgia Attorney General’s office, a prosecuting attorney at the Federal Trade Commission, and an associate at Quinn Emanuel Urquhart & Sullivan, LLP
• Practice emphasizes all aspects of high-stakes litigation matters on behalf of financial services firms
• Has drafted dozens of appellate briefs, including briefs filed in the U.S. Supreme Court, the federal Courts of Appeal, and the Georgia Supreme Court
• Conducts regular seminars and workshops on issues affecting financial services firms
• Member of the ABA and Federalist Society
• J.D. degree, Stanford Law School; B.A. degree, University of Chicago
• Can be contacted at timothy.butler@troutman.com or 404-885-3697

Ethan G. Ostroff, Troutman Sanders LLP

• Trial lawyer with Troutman Sanders LLP whose practice emphasizes all aspects of the consumer financial services industry, in which he represents debt buyers, debt collectors, law firms, national, regional and local banks, consumer reporting agencies, and other related consumer finance entities in federal and state consumer litigation, including claims under the Fair Debt Collection Practices Act (FDCPA), Fair Credit Reporting Act (FCRA), Telephone Consumer Protection Act (TCPA), Electronic Fund Transfer Act (EFTA), Equal Credit Opportunity Act (ECOA), other federal and state statutes, and common law; regularly counsels clients on compliance issues, with a focus on the FDCPA, FCRA and EFTA
• Counsel to one of the world’s largest debt buyers and for a national collection agency, for whom he handles individual and class action threats and lawsuits, as well as a range of compliance questions, arising under the FDCPA, FCRA, TCPA and related state laws
• Selected as a Rising Star in Consumer Law by Law & Politics' Virginia Super Lawyers magazine (2012 to 2015) and named to Virginia Business magazine’s Legal Elite Under 40 (2009, 2014 to 2015), and in appellate law (2011 to 2013)
• Presenter, “Debt Collectors and Federal Regulators: Recent Developments with the CFPB, FTC and FCC,” Virginia Creditors Bar Association, Sixth Annual Collections Seminar, Williamsburg, VA, October 8, 2015
• Speaker, “The Devil in the Details: High Risk FCRA Reporting Issues for Furnishers,” The Association of Credit and Collection Professionals 2015 International Annual Convention and Expo (ACA), Boston, MA, July 20, 2015
• Presenter, “Navigating Risks, Threats, and Lawsuits in the Credit and Collection Industry Live Webinar” Lorman Education Services, Aug. 27, 2014; “CFPB, FTC, State Regulators and Compliance,” Credit and Collection News Seminar, Atlanta, GA, Feb. 18-19, 2014
• Co-wrote, "CFPB Issues "Guiding Principles" for Financial Technology Payment Systems to Ensure Consumer Protections” TerraLex Connections, September 2015; co-wrote, "New York Announces Sweeping New Regulation of the Debt Collection Industry," TerraLex Connections, March 16, 2015; co-wrote, "Fourth Circuit Rules Debt Collector Violated "Call Charged" Section of TCPA for Using an ATDS to Call a Residential Landline," Terralex Connections, December 9, 2014; co-wrote, “TCPA Rule Changes are in Effect: Is Your Marketing Campaign Ready?” TerraLex Connections, January 2014
• Provides ongoing analysis and commentary on developments in consumer financial services industry through the Consumer Financial Services Law Monitor blog at www.cfslawmonitor.com
• Graduate, University of Virginia; graduate, Washington and Lee University School of Law, where he served on the board of appeals
• Can be contacted at 757-687-7541 or ethan.ostroff@troutmansanders.com