Book

Consumer Finance Law and Compliance

Written by a former CFPB Acting Deputy Director of Enforcement and bank regulator who was one of the CFPB founders, and a former trial attorney in the Executive Office of U.S. Trustees, Consumer Finance Law and Compliance highlights the inner workings of financial regulation, supervision, enforcement, and administrative adjudication, while providing practical insight into the CFPB’s guidance, enforcement activities, and civil money penalties. Informed by case law, consent orders, and documents requested from the agency, this is a comprehensive and authoritative treatment of the subject.  

 

 

Price: $425 Main Volume


Description

 

Practical insights on the inner workings of financial regulation, supervision, enforcement, and administrative adjudication.

Written by a former CFPB Acting Deputy Director of Enforcement and bank regulator who was one of the CFPB founders, and a former trial attorney in the Executive Office of U.S. Trustees, Consumer Finance Law and Compliance highlights the inner workings of financial regulation, supervision, enforcement, and administrative adjudication, while providing practical insight into the CFPB’s guidance, enforcement activities, and civil money penalties. Informed by case law, consent orders, and documents requested from the agency, this is a comprehensive and authoritative treatment of the subject.  Discussion includes:

  • The CFPB’s exercise of its supervisory authority, including its process for pursuing enforcement action based on the fruits of supervision
  • The mechanics of a CFPB enforcement investigation, including advice on responding to CIDs and the Office of Enforcement’s internal operating policies and procedures
  • Insights into the allocation of agency workload via the “free space” method and the Action Review Committee (ARC), informed by material gathered by the authors via FOIA requests
  • The anatomy of a consent order, civil money penalties, mitigating factors, responsible business conduct, and statutes of limitations
  • Regulation of covered non-bank markets such as residential mortgage origination and servicing, automobile finance, international money transfers, debt collection, consumer credit reporting, and payday loans

Summary of Contents

  • Chapter 1. Consumer Financial Protection Regulatory Landscape               
  • Chapter 2.  Bureau Organizational Structure and Authorities        
  • Chapter 3.  Agency Oversight and Due Process   
  • Chapter 4.  The CFPB Big Three—Regulations
  • Chapter 5.  The CFPB Big Three—Supervision     
  • Chapter 6.  The CFPB Big Three—Enforcement
  • Chapter 7.  Supervision to Enforcement—The ARC           
  • Chapter 8.  Remedies & Statutes of Limitations  
  • Chapter 9.  Consent Orders and Civil Money Penalties    
  • Chapter 10.  Responsible Business Conduct
  • Chapter 11.  Litigating an Administrative Adjudication     
  • Chapter 12.  Civil Penalty Fund   
  • Chapter 13.  Enumerated Consumer Laws            
  • Chapter 14.  Covered Persons, Related Persons & Service Providers
  • Chapter 15.  Covered Non-Bank Markets
  • Appendices * Tables * Index

Additional Information:
Press Release on Consumer Finance Law and Compliance: PR Newswire

 

Authors

 

Sarah Johnson Auchterlonie is an Adjunct Professor of Law at the University of Denver School of Law and Partner at Brownstein Hyatt Farber Schreck, LLP. Previously, she managed a team of CFPB enforcement attorneys as an Assistant Litigation Deputy and an Acting Deputy Enforcement Director. She’s worked on scores of CFPB enforcement, supervision, and litigation matters, including the CFPB’s first administrative adjudication, Matter of PHH, et. al. Prior to the CFPB, she worked as a trial attorney at the Treasury Department’s Office of Thrift Supervision (OTS) during the height of the U.S. financial crises. 

 

Alexandra Everhart Sickler is an Associate Professor of Law at the University of North Dakota School of Law, where her scholarship focuses on consumer finance regulation and consumer bankruptcy law. Before that, Ms. Sickler was a trial attorney in the Office of General Counsel of the Executive Office of U.S. Trustees in the U.S. Department of Justice, and practiced bankruptcy and complex commercial litigation with Weil, Gotshal & Manges, LLP.

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