MEMBER PEER GROUPS
To assist our members, NCBA established three distinct peer groups to request feedback and consultation on MAI issues, review potential submissions to the CFPB, and share best practices on implementation of CFPB's Final Debt Collection Rules.
MAI/IPL Task Force
NCBA organized a group of attorney experts as a resource to our members. The Task Force Members help NCBA navigate and strategize on MAI cases. Additionally, the Task Force will monitor rulings and pending cases to help shape NCBA’s strategy.
Members can request consultation on MAI cases by e-mailing a brief description of the case being brought by a consumer attorney and request a meeting with Task Force members.
Advisory Opinion Program Task Force
NCBA will review member requests for clarification from the CFPB through the Advisory Opinion Program. The purpose of the Bureau’s Advisory Opinion Program is to allow the Bureau a mechanism to provide written guidance to assist regulated entities to better understand their legal and regulatory obligations through advisory opinions.
The CFPB’s Advisory Opinion Program provides anonymity for our members questions or concerns by allowing NCBA to submit requests on behalf of our members. This program focuses primarily on clarifying ambiguities in the Bureau’s regulations.
Compliance Peer-to-Peer Forum
NCBA is pulling together CCOs, Compliance professionals, and others from member firms to provide a forum for peer-to-peer discussions on best practices and the challenges of implementation of the CFPB’s Final Debt Collection Rules. This peer group is in formation and will begin meeting following the Spring Conference. We encourage all firms to have their lead compliance officer join this peer group. Please reach out to Nathan Willner at [email protected] for more information.