Since the financial crisis, Bradley attorneys have assisted numerous banking and other financial services clients in “remaking” themselves to be in compliance with Dodd-Frank and the new regulations imposed by the Consumer Financial Protection Bureau (CFPB).
We represent all types of financial institutions in this type of work, including, but not limited to, institutions involved in mortgage lending, mortgage servicing, unsecured and/or Uniform Commercial Code (UCC) lending, and credit cards.
Our CFPB services for financial institutions include:
Notably, our attorneys interact frequently with members of the CFPB’s Office of Supervision Examination and Office of Supervision Policy, as well as its Regulations and Enforcement departments.
Bradley attorneys have extensive knowledge of all CFPB regulations and extensive experience in advising financial services clients on all phases of their operations, including:
Since the enactment of new state and federal rules, we have worked regularly with clients to:
Bradley attorneys are familiar with the numerous regulatory changes applicable to the financial services industry and take a proactive role in advising clients on necessary changes to disclosures, operations, and products. Our clients in this area include a number of large and medium-sized lenders, mortgage servicers, and other financial institutions.
We have advised some of the nation’s largest financial institutions in response to state and federal examinations and investigations – and all aspects of CFPB examinations. In 2014–2015 alone, we assisted several large financial services clients as they prepared for and underwent examination by the CFPB.
Since the CFPB began to examine and exert authority over certain financial services entities, Bradley has been involved at all stages of the examination process and offers our clients extensive guidance and assistance in this area. This includes, but is not limited to:
We also perform risk assessments and mock audits to prepare clients for CFPB examinations. These engagements prepare clients for each step of the CFPB examination process. In this regard, we:
Bradley represents financial services entities in CFPB civil investigative demands (CIDs) and enforcement actions affecting all areas of operations. This work includes, but is not limited to: