Get to Know CFPB and What's on the Agenda

10th Annual Five Star Conference and Expo



Monday, September 09, 2013
5:00 AM

Haydn Richards, Jr. and Heather Hutchings are among the speakers at the 10th Annual Five Star Conference and Expo. This conference, among the largest gatherings of professionals in the mortgage lending, mortgage servicing and real estate industries, takes place in Dallas, Texas, from September 8-11.

Richards and Hutchings are presenters in the Five Star Academics track at the Compliance Caucus—the portion of the Five Star Conference devoted to key issues and regulatory trends that directly affect the mortgage servicing industry.

On Tuesday, September 10, at 9:30 am, Hutchings will participate in a panel discussion, “Get to Know CFPB and What’s on the Agenda.” Hutchings and her fellow panelists will delve into compliance and regulatory actions related to the Truth in Lending Act (TILA) and the Fair Credit Reporting Act (FCRA). The panel will also explore how the amendment of Regulation X of the Real Estate Settlement Procedures Act (RESPA) affects mortgage servicers’ obligations. The group also will examine the CFPB’s impact to-date on the mortgage industry and the regulatory trends that are likely to come.

Immediately following Hutchings’ presentation, Richards will participate in a panel discussion, “Understanding UDAAP and Emerging Regulations in Compliance.” This panel will address the CFPB’s actions relating to its enforcement of prohibitions against Unfair Deceptive or Abusive Acts and Practices (UDAAP) and the complexities around those requirements, as they are viewed by many as vague and amorphous. Richards and his fellow panelists will discuss how policies, products, and services must be disclosed, and provide guidance as to what controls are needed to remain compliant with UDAAP and other prominent measures of legislation.

Of note, Barney Frank, who chaired the House Financial Services Committee for four years and whose name is attached to the landmark legislation (Dodd-Frank Wall Street Reform and Consumer Protection Act) that created the Consumer Financial Protection Bureau (CFPB), is the keynote speaker for the Five Star Conference Compliance Caucus.

To learn more about this event, click here.