Kris Kully, of Mayer Brown’s Financial Services and Regulatory Enforcement group, will speak to credit union mortgage lenders at the 20th Annual Conference of the American Credit Union Mortgage Association in Washington, DC.

On September 19th, she will discuss the next wave of compliance regulations and enforcement priorities.  On September 20th, she will participate in a panel discussion of compliance matters ranging from the Department of Labor’s treatment of mortgage loan originators under the Fair Labor Standards Act, the Consumer Financial Protection Bureau’s regulation of originator compensation, and any other issues the audience requests!

On Tuesday, August 2, 2016, at 2:00pm EDT, Mayer Brown and Paybefore.com will present a webinar on the CFPB’s actions against payment processors for allegedly facilitating illegal transactions by their clients. The presenters will be Mayer Brown attorneys David Beam, Ori Lev, and Jeremy McLaughlin, and the moderator will be Paybefore’s Evan Schuman.  The webinar will discuss the CFPB’s enforcement actions against payment processors, explain the factors that led the CFPB to conclude that the payments companies were culpable, and discuss practical steps companies can take to avoid the same fate.

Register for the event here.

Several of Mayer Brown’s Consumer Financial Services partners will be featured at next week’s Legal Issues and Regulatory Compliance Conference in Denver, sponsored by the Mortgage Bankers Association.

On May 2, 2016, Krista Cooley will participate on a panel entitled “Servicing Issues, Including TCPA.”  She will address rules and directives under the Dodd-Frank Act, the Fair Debt Collection Practices Act (FDCPA), and the Telephone Consumer Protection Act (TCPA), and litigation and enforcement actions that continue to affect the mortgage servicing process.

Also on May 2, Melanie Brody will address “Fair Lending and HMDA Data.” She will cover how government agencies use that data to identify targets for fair lending enforcement and to support redlining claims.

On May 3, Phil Schulman will address the state of RESPA enforcement following the recent hearing on the CFPB’s PHH decision before the D.C. Circuit. That case is not likely to be decided for several months and will certainly be subject to further appeals depending on which party receives a favorable opinion.  Phil also will discuss marketing, advertising, promotional, and training activities that are still permissible if done in compliance with the Act.

Also on May 3, Larry Platt will participate on a panel entitled “Government Program Update and What’s New on Repurchases & Indemnifications,” which will outline the latest developments from the Government Sponsored Enterprises, Federal Housing Administration, the Department of Veterans Affairs, and other government programs.

On May 4, Ori Lev will participate on a panel on “Self Reporting and Privilege,” which will examine the pros and cons of self reporting to regulatory agencies, how and when to self report, and remediation issues.

Other partners in the group, including Debra Bogo-Ernst, Eric Edwardson, Jon Jaffe, Steve Kaplan, Kris Kully, Lucia Nale, Stephanie Robinson, and David Tallman, also will be on hand.  We look forward to connecting with you in Denver!

A modern business conference phone, close-up of speaker unit

On March 2, 2016, the Consumer Financial Protection Bureau (CFPB) undertook its first data security enforcement action in a consent order against Dwolla, Inc., a payment network provider that allegedly made deceptive representations about its data security practices. The consent order makes clear that, going forward, consumer financial services companies will have to navigate another set of regulatory expectations as they work to secure consumer data against cyber threats.

On April 21, 2016, from 11:00 a.m. – 11:30 a.m. EDT, please join Mayer Brown lawyers Ori Lev, Stephen Lilley and David Tallman for a discussion of the CFPB’s Dwolla enforcement action and its implications for the consumer financial services sector.  Further information and a link for registration can be found here.