Ready or Not. What the Arrival of the CFPB Means for Financial Services Organizations.

Among the many legislative outcomes of the Dodd-Frank Act, the creation of the new Consumer Financial Protection Bureau (CFPB) has the potential to be the most disruptive to the institutions covered under its mandate. Slated for official launch on July 22, 2011, the CFPB will affect both bank and non-bank financial services providers and require, at the very least, a reconsideration of a number of compliance issues. Join Reed Smith on Thursday, June 23rd at 12 p.m. (EST) as we begin to demystify the CFPB's likely impact on the financial services landscape.

Our diverse panel includes Mark Oesterle, former Chief Counsel to the Minority of the U.S. Senate Committee on Banking, Housing and Urban Affairs, where he was intricately involved in virtually every aspect of Dodd-Frank, and other Reed Smith attorneys, including Michael Bleier, Roberta Torian, Robert Jaworski and Travis Nelson. The team will focus on the issues facing financial institutions under the CFPB, including:

• What Happens on July 22nd - a review of the new requirements that will require compliance on July 22, 2011, and what covered firms must do to comply.
• Key Issues - a discussion of how the CFPB will impact: 
  • Supervision
  • New Disclosures 
  • Preemption
  • Enforcement
• What's next for the CFPB - We will cover the major questions that still remain with the CFPB, as well as a review of staffing to date, including a discussion on the search for a Director.

Download the audio recording below.

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