Video

  • 21 minutes

CFPB Enforcement - Ace Cash Express, American Debt Settlement Solutions, Dwolla and Lead Publisher

 
Unfortunately, as was expected, much of the CFPB “guidance” regarding UDAAP comes from enforcement actions, and not rules, bulletins or other forms of general guidance. Enforcement from the bureau seems to be more common than providing guidance up front to follow. Administrative proceedings listed on CFPB Administrative Adjudication webpage show that 2016 is on track to match the numbers from 2015. There also are cases in which the CFPB files suit in court, which may be followed by a settlement that is court approved.

In this video our speaker, Richard J. Andreano, reviews specific cases such as Ace Cash Express, American Debt Settlement Solutions, Dwolla and Lead Publisher.

Richard J. Andreano is a Partner and practice leader of the mortgage banking group at Ballard Spahr LLP. He is a Fellow with the American College of Consumer Financial Services Lawyers. Mr. Andreano counsel clients on residential mortgage regulatory matters, including ability to repay, TILA/RESPA integrated disclosure (TRID) rule, CFPB supervision and examination, UDAAP and other Dodd-Frank matters.
Runtime: 20 minutes

Faculty

Richard J. Andreano

Richard J. Andreano

Ballard Spahr LLP

Agenda

Faculty

Richard J. Andreano

Richard J. Andreano

Ballard Spahr LLP

  • Partner at Ballard Spahr LLP
  • Practice leader, Mortgage Banking Group, Ballard Spahr LLP
  • Fellow, American College of Consumer Financial Services Lawyers
  • Chambers USA: America's Leading Lawyers for business, banking and finance: financial services regulation: consumer finance (compliance), national ranking, 2014 to 2017
  • Wrote MBA Compliance Essentials Loan Originator Compensation Resource Guide™, published by the Mortgage Bankers Association
  • Co-wrote, MBA Compliance Essentials TILA/RESPA Integrated Disclosure TRID Rule Resource Guide™, published by the Mortgage Bankers Association
  • Editor-in-chief, Mortgage Finance Regulation Answer Book 2011-2012, published by the Practising Law Institute; author of chapters on the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Home Mortgage Disclosure Act, and the Real Estate Settlement Procedures Act; and co-author of the Equal Credit Opportunity Act and Truth in Lending Act chapters
  • Counsels clients on residential mortgage regulatory matters, including ability to repay, TILA/RESPA integrated disclosure (TRID) rule, CFPB and other regulator supervision and examination, UDAAP and other Dodd-Frank matters
  • Frequent speaker and author on mortgage industry issues
  • Can be contacted at 202-661-2271 or [email protected]

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