Federal Regulatory State of the Union: What Lenders Need to Know About Continued Enforcement Activity and Trump’s Policy Priorities

September 22, 2020 12:15pm

Leonard Bernstein
Co-Chair, Financial Services Regulatory Team
Holland & Knight LLP (Philadelphia, PA)

Brian Johnson
Partner
Alston & Bird LLP (Washington, DC)
Former CFPB Deputy Director

Allison J. Schoenthal
Head, Consumer Finance Litigation Practice
Hogan Lovells US LLP (New York, NY)

  • Stay up to date on regulatory and enforcement initiatives by federal agencies including the CFPB, FTC, OCC, FDIC, and DOJ over the past year and coordination among them
  • Learn about the CFPB’s continued engagement in consumer protection, including through enforcement actions against major banks – Citizens and Fifth Third
  • Examine the CFPB’s policy under the Trump administration against “regulation by enforcement,” according to which regulatory bodies’ supervisory guidance does not have the force of law
  • Assess the implications of an executive order signed by the President in October 2019 governing agencies including the CFPB, which states that guidance alone is insufficient for imposing new standards of conduct
  • Discuss developments in the case on the constitutionality of the CFPB currently before the Supreme Court