Morrison & Foerster partners Nancy Thomas and Angela Kleine will speak on the “Consumer Protection Provisions in the Dodd-Frank Act: Adjusting to the New Paradigm” Lorman webinar on December 3.
Title X of the Dodd Frank Act represents the most comprehensive consumer financial regulatory reform measures since the Great Depression. Known as the Consumer Financial Protection Act of 2012, Title X created the Consumer Financial Protection Bureau, a new agency focused on the rights of consumers who purchase financial products and services. It also created a whole host of substantive consumer protections. This topic will focus on three of the most significant consumer protections: (1) the prohibition on unfair, deceptive, and abusive acts and practices (“UDAAP”), (2) the authority given to the Bureau to prohibit or significantly limit the use of arbitration agreements in consumer financial product and service contracts; and (3) the mortgage origination and servicing provisions. Learn more about the emerging patterns and take-home lessons from the CFPB’s implementation and enforcement of these new consumer protection provisions.