CFPB updates exam manual, concerned? You should be.
NCBA Briefing Webinar
A couple of weeks ago, the CFPB issued a press release that indicated discrimination can trigger liability under unfair acts and practices. As part of this announcement, they updated the exam manual on Unfair, Deceptive, or Abusive Acts or Practices to include an extra focus on discriminatory practices. At first glance many assumed this does not apply to our industry. Not only does it apply but this focus goes much further than just examinations. Learn how the CFPB determines who and where to look next, what your firm should be doing now, and what it entails to measure disparate impact.
Hear from Dan Smith, formerly of the CFPB and currently Executive Vice President, Head of Regulatory Affairs at the Consumer Bankers Association, Amy Mertz Brown, also formerly of CFPB and currently CCO at Gurstel Law, and Leslie Bender, Compliance and Defense Counsel at Clark Hill, discuss these changes and expectations as they pertain to CFPB's focus on discriminatory practices and their expectations of our members.
This webinar is not eligible for CLE.