The CFPB’s Most Ambitious Regulatory Agenda Ever – Part 2

Today’s episode features Part 2 of our November 4 webinar, “The CFPB’s Most Ambitious Regulatory Agenda Ever.”  (Part 1 of this series was released on December 18. We encourage you to listen to that episode as well). In Part 2, we continue to unpack the far-reaching implications of the Consumer Financial Protection Bureau’s (CFPB) regulatory ambitions. The CFPB has published a sweeping agenda that promises to reshape the landscape for consumer financial services, and our panel of seasoned attorneys offers vital context and actionable insights for industry professionals, regulators, and informed consumers alike. 

 Key Topics Discussed: 

·        CFPB’s Pre-Rule and Long-Term Actions - What’s on the regulatory horizon, including advance notices and rulemaking targets that could reshape consumer finance.

·        Clarifying “Unfair, Deceptive, and Abusive” Practices - Will the CFPB issue new rules or guidance to define these critical terms? The panel reviews statutory definitions and industry implications.

·        Identity Theft and Coerced Debt Regulation - Proposed amendments to Regulation V including new protections for survivors of identity theft and economic abuse.

·        Redefining Large Market Participants - Examination of thresholds for CFPB supervision in areas like auto financing, debt collection, consumer reporting, and international money transfers, aiming to target the largest market players.

·        Qualified Mortgage Rules & Loan Originator Compensation - What changes might be coming to mortgage rules and compensation methods, especially for small-dollar loans? The industry’s wishlist and regulatory challenges are explored.

·        The Equal Credit Opportunity Act (ECOA) & Disparate Impact - Is the CFPB shifting its stance on disparate impact liability in lending? Hear the latest on the Trump administration’s influence and evolving regulatory language.

·        CFPB’s Withdrawal of Guidance Documents- A look at the Bureau’s move away from guidance towards formal rulemaking and the impact on regulated entities.

·        Industry Feedback and Uncertainty - Lively discussion about compliance burdens, regulatory rescissions, and the ongoing uncertainty surrounding the CFPB’s future funding and priorities.

Meet Your Speakers from Ballard Spahr:  

·        Alan Kaplinsky (Host & Moderator): Senior Counsel and Founder and former leader of Ballard Spahr’s Consumer Financial Services Group 

·        Rich Andreano, Jr.: Partner and head of the firm’s Mortgage Banking Group 

·        John Culhane, Jr.: Partner in the Consumer Financial Services Group 

·        Kristen Larson: Of Counsel, Consumer Financial Services Group  

·        Daniel Wilkinson: Associate, Consumer Financial Services Group  

·        Rob Lieber: Associate, Consumer Financial Services Group  

·        Aja Finger: Associate, Consumer Financial Services Group  

Tune in as our expert panel breaks down the complexities, anticipated impacts, and the road ahead under the CFPB’s ambitious agenda.

Consumer Finance Monitor is hosted by Alan Kaplinsky, Senior Counsel at Ballard Spahr, and the founder and former chair of the firm's Consumer Financial Services Group. We encourage listeners to subscribe to the podcast on their preferred platform for weekly insights into developments in the consumer finance industry.