The CFPB’s Final Innovation Policies: What You Need to Know Special Guest: Paul Watkins, Director, CFPB Office of Innovation

The Consumer Financial Protection Bureau recently finalized a new policy that creates a Fintech sandbox as well as significant revisions to its no-action letter and trial disclosures policies. It also announced the creation of the American Financial Innovation Network (ACFIN), a network of federal and state regulators to facilitate innovation, and issued its first no-action letter under the final revised policy. In this webinar, attorneys from Ballard Spahr's Consumer Financial Services and Fintech Groups will be joined by a very special guest, Paul Watkins, Director of the CFPB’s Office of Innovation.

The program will explore the potential benefits of the innovation policies as well as the potential risks. Our discussion will include:

• An overview of the three final policies
• Key differences between the final policies and prior policies
• The CFPB’s evaluation of applications under the final policies
• Benefits for approved applicants under the policies
• Confidentiality concerns
• The impact of state law and state sandboxes, including the role of the ACFIN
• The first no-action letter