Financial Regulatory Report

On December 2nd, please join Robert Jaworski, a partner in Reed Smith’s Financial Services Regulatory Group who will be speaking at the BankHorizons 2016 conference. Bob’s presentation will discuss: For banks that rely heavily on consumer business, compliance with the ever-increasing volume of regulations coming out of Washington over the last several years has imposed a major burden. That burden has yet to show signs of diminishing, particularly with multiple regulatory initiatives being unveiled by the Consumer Financial Protection Bureau during the past year. This session will provide attendees with highlights of some of the most significant of these CFPB initiatives, including the CFPB’s new mortgage servicing rules, the recently proposed changes to the CFPB’s KBYO/TRID rule, the new HMDA rule, and more. In addition, we will also address the PHH v. CFPB decision recently issued by the D.C. Circuit Court of Appeals – what the court decided, what will happen next, and the implications of this decision for the future.