Dodd-Frank Consumer Protections Webinar (E1)
The financial landscape has changed. Join us for an overview of the new bureau, which Congress has just approved in the new Dodd-Frank bill. The Bureau of Consumer Financial Protection’s mission is to regulate financial products and services and the financial institutions that offer them. Insured depository institutions and credit unions with assets of $10 billion or more are subject to bureau rules and enforcement. Everyone else, including non-bank mortgage brokers, lenders and servicers, is subject to the bureau’s rules and non-banks face bureau enforcement actions. Many are saying that this new bureaucracy will have an aggressive pro-consumer approach.
This agency will have sole rule-writing authority for consumer protection laws (except CRA) and for abusive, unfair and deceptive practices. On its full plate are: origination standards, minimum underwriting standards, re-defining high-cost loans, servicing practices and appraisal procedures, as well as enforcement of TILA, RESPA and any new regulations. These changes affect everyone and just about everything in the mortgage business.
Attend this very timely Webinar on July 22 to get an expert heads up on the big changes ahead. Three top industry lawyers will discuss the new bureau. Included is an overview of Dodd-Frank—impact and strategies for mortgage compliance; effective dates, compliance sequencing, what to do now; the coming debate: the statute v. to-be-written regulations and special parameters of BCFP rule-writing powers.
These legal experts will share their insights and answer your questions:
- Joseph M. Kolar, Partner, BuckleySandler LLP
- Donald C. Lampe, Partner, Womble Carlyle Sandridge & Rice PLLC
- Laurence E. Platt, Practice Area Leader, K&L Gates LLP
- Guy Cecala, Publisher, Inside Mortgage Finance (moderator)
- What is the breadth of BCFP’s authority?
- What happens to recent regulatory changes, like RESPA and TILA?
- What acts are prohibited and what are the penalties for violating BCFP?
- How is preemption to be determined?
- What is the future of regulatory examinations?
- What will be the focus of new anti-predatory lending provisions?
- What exceptions will there be for “qualified mortgages”?
- What changes can be expected in mortgage origination?
- What to expect short and long term from the new regulator?
- What authority will the Bureau have over non-depository covered persons?
- Conference attendance for you and your entire team;
- A conference manual with a program outline, speaker bios and presentations, and pertinent articles on the subject from Inside Mortgage Finance and our other newsletters;
- A full transcript, emailed to you when you take our post-conference survey; and
- The opportunity to connect with any or all of the speakers during the audience Q&A session—a favorite part of these events.
Cancel before 5:00 pm EDT 7/20/10 for full refund less $25 fee.
You will receive an email confirmation shortly after completing your registration. You may also contact us at (301) 951-1240.