CFPB Director Chopra Speaks to the Media: What are the Takeaways?

Joined by special guest, Jon Hill (Law360), who recently interviewed Director Chopra.

CFPB Director Rohit Chopra recently gave a series of unprecedented interviews to news reporting outlets in which he shared his views on a wide variety of consumer finance issues in response to questions. Because his comments to interviewers are more revealing of his approach to and thoughts on these issues than his prepared remarks or speeches, we will take a close look at what Director Chopra said (and did not say) in the interviews and share our views on what the important takeaways are for banks and other companies.

In addition to discussing what Director Chopra’s comments reveal about his approach to rulemaking and enforcement, we will discuss his comments on the following key topics:

• Entry of big tech companies into financial services and Section 1022 orders
• Section 1033 rulemaking
• Expansion of Electronic Fund Transfer Act/Regulation E liability protections for unauthorized transactions
• Application of UDAAP to discrimination
• Military Lending Act
• Bank/nonbank partnerships
• Buy-now-pay-later
• Payday lending
• Overdraft/NSF fees
• Artificial intelligence/machine learning

CLE Credits:   This program is approved for 1.0 CLE credit in CA, NJ, & NY.  Uniform Certificates of Attendance will also be provided for the purpose of seeking credit in other jurisdictions. 

Please note:  CLE credit in the following states will not be available:  NV and PA.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact questions@ballardspahr.com.