CFPB: The Quarterly Review, Q1 2016

The Financial Institutions Advisory (FIA) practice of White & Case is pleased to introduce our inaugural quarterly newsletter on the Consumer Financial Protection Bureau's (CFPB) oversight activities. Each newsletter will highlight the CFPB's notable rulemaking, supervisory, and enforcement actions from the quarter, the potential implications and impact on the marketplace, and what industry participants should expect next.

If the first quarter is any indication, 2016 is going to be a busy year for the CFPB and market participants alike.

The CFPB Speaks

• Regulation by enforcement
• Insight into the rulemaking calendar
• Project Catalyst's no-action letter policy
• Bureau's initiatives
• Congressional testimony on small-dollar lending
• 2015 Servicemembers report

Consumer Complaints

• Soliciting more consumer complaints

Data Privacy & Protection

• UDAAP violations absent evidence of consumer harm

Auto

• Changing "dealer markup" policies one entity at a time

Debt Collection

• Enforcement actions
• Joining forces with the Solicitor General
• Annual FDCPA report

Deposits

• CFPB "suggestion" to retail banks

Mortgages

• Update on PHH
• Designating areas as "rural" under the HELP Act

Upcoming in 2016

• Continued regulation by enforcement; Prepaid final rule; Debt Collection SBREFA panel; Increased scrutiny of marketplace lenders; Data privacy protections.

Click here to download PDF.

This publication is provided for your convenience and does not constitute legal advice. This publication is protected by copyright.
© 2016 White & Case LLP