What the Consumer Financial Protection Bureau ... - Venable LLP

More documents

Recommendations

Info

CFPB: FOCUS ON STUDENTSConsumer Response Initiative• The ConsumerResponse teambegan takingconsumer complaintsabout private studentloans, and otherconsumer loans onMarch 1, 2012.
CFPB: FOCUS ON STUDENTS• White House Student Loan Transparency Initiative• “We have heard from thousands of student loanborrowers who say that they simply didn’t understandwhat they signed up for. Many of them chose privateloans before exhausting their cheaper federal loanoptions, which protect them when they run into trouble.Some resorted to credit cards and other high-pricedloans. And all too often, borrowers got in way over theirheads.” - Remarks of CFPB Director Richard Cordray at the White House (June 5, 2012)• 10 Schools Agree to Voluntary Disclosures:• Arizona State University, Miami Dade College, North CarolinaA&T, the State University System of New York, SyracuseUniversity, the University of Massachusetts system, theUniversity of North Carolina at Chapel Hill, the University ofMaryland system, the University of Texas system, and VassarCollege
Page 1 and 2: What the Consumer FinancialProtecti
Page 3 and 4: AGENDA• Introduction• The Dodd-
Page 5 and 6: WHAT’S THE COST OF NONCOMPLIANCE?
Page 7 and 8: WHERE DOES THE CFPB FIT IN WITH OTH
Page 9 and 10: DODD-FRANK ACT - HOW WE GOT HERE…
Page 11 and 12: CFPB: OVERVIEW AND STRUCTURE
Page 13 and 14: CFPB: OVERVIEW AND STRUCTURECFPB FO
Page 15 and 16: CFPB: OVERVIEW AND STRUCTURECFPB St
Page 17 and 18: CFPB: FOCUS ON PRIVATE STUDENT LOAN
Page 19: PRIVATE STUDENT LOAN OMBUDSMAN•Pr
Page 23 and 24: CFPB: FOCUS ON STUDENTSStudent Debt
Page 25 and 26: CFPB SERVICEMEMBER AND VETERANINITI
Page 27 and 28: CFPB: Preparing for Supervisionand
Page 29 and 30: WHAT’S HAPPENING AT THE CFPB ONNO
Page 31 and 32: SUPERVISION PROCESS PRINCIPLES• C
Page 33 and 34: CFPB SUPERVISION ANDEXAMINATION MAN
Page 35 and 36: CFPB ENFORCEMENT AUTHORITY• CFPB
Page 37 and 38: CFPB REFERRALS FROM EXAMS• Crimin
Page 39 and 40: WHAT WILL THE CFPB BE LOOKINGFOR?
Page 41 and 42: UNFAIR ACTS AND PRACTICESDEFINEDThe
Page 43 and 44: ABUSIVE ACTS OR PRACTICESDEFINED•
Page 45 and 46: CFPB: NAVIGATING INVESTIGATIONSAND
Page 47 and 48: EARLY WARNING NOTICE OFPOTENTIAL EN
Page 49 and 50: KEY STEPS TO RESPONDING TO ANINVEST
Page 51 and 52: KEY STEPS TO RESPONDING TO ANINVEST
Page 53 and 54: CFPB AND SERVICE PROVIDERS TOCOVERE
Page 55 and 56: WHAT’S NEXT AT THE CFPB ANDPRIVAT
Page 57 and 58: MAY 2012

What the Consumer Financial Protection Bureau ... - Venable LLP

Create successful ePaper yourself

Delete template?

Save as template?