Fontainebleau Miami Beach
4441 Collins Avenue
Miami Beach, FL 33140
Thursday, April 28, 2011
WHAT YOU SHOULD EXPECT FROM THE CONSUMER FINANCIAL PROTECTION BUREAU
One of the first messages Treasury officials sent out about the aim of the Consumer Financial Protection Bureau (CFPB) was its priority to focus on the card industry. Regulators have made it clear that provisions would include limitations on certain card practices, and more rigorous enforcement procedures. This session will explain the structure of the CFPB , in particular the card marketing division of the CFPB , how the CFPB would be funded, how it will work with the bank regulatory agencies, and the power and overall mission of the CFPB. The session will also cover how the CFPB will supervise and examine issuers, as well as third-party service providers, and how its broad rulemaking authority could impact origination, marketing and servicing practices for the card industry.