The Consumer Financial Protection Bureau (CFPB) has a number of tools at its disposal including enforcement, rulemaking and supervisory authority that reaches many industry sectors and many products, such as banks, consumer reporting agencies, debt collectors, student loans, payday lending, mortgages and other lending activities. The CFPB also has broad authority to combat unfair, deceptive or abusive acts or practices, as well as authority under numerous consumer regulatory statutes, including privacy-oriented statutes such as the Fair Credit Reporting Act, the Fair Debt Collections Practices Act and Title V of the Gramm-Leach-Bliley Act. Here, we’ll highlight recent CFPB regulatory and enforcement actions and provide tips to help you proactively assess your organization’s compliance management systems and prepare for a CFPB examination or investigation in the event that they come calling. What you’ll take away: · An understanding of recent CFPB regulatory and enforcement activity · What the CFPB is looking for in a compliance management system · Steps to prepare for a CFPB examination or investigation