Who’s on First?
New Roles and Authority for the CFPB, FTC, Banking Agencies and Securities

IAPP Global Privacy Summit

3/9/2012

Banking + Financial Services, Financial Institutions + Financial Services, and Privacy + Data Security

Washington Marriott Wardman Park
2660 Woodley Road NW
Washington, D.C. 20008

Speaking Engagement

The Consumer Financial Protection Bureau (CFPB), Federal Trade Commission (FTC), Office of the Comptroller of the Currency (OCC), Federal Reserve and other prudential regulators are establishing their agendas and exercising their sometimes overlapping authorities in regulating privacy and data protection. Join our panel of financial privacy leaders to differentiate the players, work up a scorecard and see who’s teaming up. You’ll get a close look at new developments, including a Memorandum of Understanding between the FTC and the CFPB due February 2012 that is expected to divvy up enforcement jurisdiction for privacy matters.

Not only will the panel focus on those sections of the Dodd-Frank Act with privacy impacts and the rulemakings that have occurred (and have not occurred) under those sections, it will also discuss the implications of these events, such as the CFPB's coordination with other agencies, exercise of its enforcement powers and responses to consumer complaints and inquiries, as well as actions by state attorneys general and legislative activity in Congress. Come hear how the U.S. team intends to match up in the World Series of privacy and data protection.

What you’ll take away:

  • An understanding of the role of the CFPB and its impact thus far on financial privacy and what to expect in the future
  • Identification of unintended consequences of the Dodd-Frank Act and the transfer of laws and rules to the CFPB and the sleeper privacy provisions of the Dodd-Frank Act that financial institutions may not have addressed
  • Comprehension of the CFPB's agenda, authority and likely priorities with respect to vendors to financial institutions, including credit bureaus and other data providers
  • Practical steps organizations can take to prepare for full-fledged CFPB enforcement.

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