PLI 22nd Annual Consumer Financial Services Institute

About the Event

The Consumer Financial Protection Bureau (CFPB) recently celebrated its fifth anniversary and the consumer financial services industry is struggling to keep pace with the CFPB’s extraordinary number of regulatory and enforcement initiatives.  At the same time, other federal and state regulators and attorneys general are ramping up their activity.  All of these developments have resulted in a sea change in how the industry is treating compliance.  Also, the volume of private litigation, including class actions, remains very high. 
The program will focus on a broad array of recent regulatory, enforcement and litigation issues relating to mortgages, auto finance, student loans, credit, debit and prepaid cards, deposit accounts, the use of emerging payment systems, including mobile wallets, and other products and services.  It will focus on new developments pertaining to fair lending, the TCPA, FDCPA, the FCRA, the Military Lending Act and SCRA.
 

• Developments at the CFPB during the past year and its agenda for the next year, featuring several speakers from the CFPB
• Recent regulatory and enforcement initiatives at the FTC and DOJ, and other Federal and State regulators and Attorneys General
• The latest wave of class action litigation against banks and other consumer financial services companies
• Regulatory and litigation priorities of consumer advocates in the next year
• The increased focus on privacy and data security and how that affects products being offered over the Internet and through mobile devices
• Marketplace and other online lending issues

CLE Credit:  Earn up to one full hour of ethics credit

Date
May 4 - 5, 2017
May 4th - 9:00 AM - 5:00 PM CDT
May 5th - 9:00 AM - 4:30 PM CDT

Location
Hotel Allegro
171 W. Randolph Street
Chicago, IL 60601

Hon. Shira A. Scheindlin (Ret.)

Class Action Developments and Settlements and UDAP Update
May 4, 2017 | 2:45 PM – 3:45 PM CDT

• Proposed changes to Rule 23 and implications for handling objections
• The impact of Spokeo on standing and certification
• Update on class certification jurisprudence, including ascertainability and class member conflicts
• Class action settlement developments and the impact on settlement structure and negotiation
• Noteworthy State UDAP developments

Hon. James Holderman (Ret.)

Ethical Issues Unique to the Consumer Space/Class Actions
May 5, 2017 | 3:30 PM – 4:40 PM CDT

• Conflicts of interest in aggregate litigation
• Whistleblower bounties--Is it ethical for lawyers to seek them?
• Ethical limits on contacting former employees
• The ABA's recently adopted anti-discrimination rule for lawyers
• Ethical issues in the use of social media by lawyers and/or clients