September 17, 2014, 1:00 p.m. – 2:00 p.m. (E.D.T.)
Not only did The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 revamp the federal consumer protection regime by establishing the Consumer Financial Protection Bureau into which the Act moved enforcement authority over a number of federal consumer protection statutes but, concurrently, Dodd-Frank expanded the law enforcement authority of the states, opened up a whole new enforcement arena for state banking and financial services regulators and attorneys general who are now authorized, acting under the new federal law, to protect consumers from unfair, deceptive and abusive practices by lenders, sales finance companies, check cashers, credit, debit and prepaid card providers, debt collectors, and other participants in the financial services sector – including many banks that hold federal charters, as well as their subsidiaries.
This session will feature a first-hand look at the approach taken by state regulatory and enforcement officials and the consequences for their regulated institutions and other entities as state regulatory examinations and enforcement investigations have resulted in litigation under Dodd-Frank in both state and federal court.
Please join Joy Feigenbaum, Executive Deputy Superintendent in charge of the Financial Frauds & Consumer Protection Division of the New York State Department of Financial Services, and Thomas P. James, Senior Assistant Attorney General in the Consumer Fraud Bureau at the Office of the Illinois Attorney General, as they address the following topics, among others:
- What new power and authority was granted to state regulators and attorneys general by Dodd-Frank?
- How does the federally-created enforcement authority granted to the states under Dodd-Frank correspond to and augment existing enforcement powers the states have typically exercised, including what additional remedies are available to state officials and what new claims may be asserted by them?
- How have these new powers played out in litigation filed by state regulators and attorneys general to date?
- How to understand and respond effectively to a state government enforcement investigation
Register now and don’t miss this important free briefing!