CFPB and SEC Developments in Trump’s Second Term – What You Need to Know

The 2024 presidential election triggered a flurry of action in the banking sphere as agencies raced to fulfill their agendas before a second Trump term. From rulemakings issued by the Consumer Financial Protection Bureau (CFPB) to shifting priorities within the U.S. Securities and Exchange Commission (SEC), much remains uncertain as Trump prepares to install new leadership. Financial Services Industry Group is paying close attention to CFPB And SEC developments, and we invite you and your colleagues to a webinar to get the latest updates on CFPB and SEC Developments.Topics will include: 

CFPB

• CFPB continues to amend Regulation E to broaden its scope.
• CFPB’s finalized rule allowing for supervision of large nonbank companies that offer digital consumer payment applications.
• CFPB’s finalized rule removing medical bills from credit reports.
• CFPB’s recent efforts to activate Section 1033 of the Consumer Financial Protection Act.
• CFPB’s finalized rule governing overdraft fees and the lawsuit launched by trade groups to challenge it.
• CFPB’s proposed rule to ban contract clauses that “limit fundamental freedoms.”

SEC 

• Focus on individual fraud enforcement, clear investor harm.
• Regulation Best Interest focus for broker-dealers.
• End to off-channel communications sweeps.
• Shift away from Biden administration’s policies and elimination of reporting rules.
• Increased enforcement under the Foreign Corrupt Practice Act. 

Register for the webinar here. 

Connection details available once registered.

CLE Information

0.5 Hours of CLE
Winston & Strawn LLP is an accredited CLE provider in California, Illinois, New York, Pennsylvania, and Texas. North Carolina, South Carolina, and Florida CLE is pending. Other states available upon request.