Consumer Financial Protection Bureau
Created by the Dodd-Frank Act, the most sweeping financial regulatory reform legislation in generations, the Consumer Financial Protection Bureau rings in a new era of regulation and enforcement for the financial services industry. The CFPB assumes many of the powers and authorities formerly spread among various regulatory agencies, including:
- U.S. Treasury
- Federal Trade Commission
- Department of Housing and Urban Finance
- Federal Reserve System
- Office of Thrift Supervision
- Federal Deposit Insurance Corporation
- Office of the Comptroller of the Currency
With a broad mandate and sweeping powers, the CFPB bureau is authorized to draft and enforce consumer protection regulations affecting banks, mortgage lenders and servicers, insurance companies, investment advisors and broker-dealers, hedge funds and private-equity funds, ratings agencies and other financial services companies.
With a focus on financial services law going back more than 20 years, BuckleySandler attorneys are well positioned to guide companies through the transition to this new regulatory environment. Our experience handling financial services matters at the intersection of consumer protection and government regulation has prepared us with the depth of knowledge and resources to provide outstanding advice and service to our clients on all issues related to CFPB regulation and enforcement. Our experience includes:
- Fair and responsible banking
- Government enforcement
- Privacy and data security
- Advertising, marketing and sales practices
- Financial services regulation and compliance
While the Consumer Financial Protection Bureau may be the “new cop on the beat,” BuckleySandler has been defending and advancing our clients interests with the various federal financial regulatory and enforcement agencies for decades. We will continue to bring the same fierce advocacy and thought leadership to bear in protecting and advancing our clients’ interests before the CFPB.