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ABA to hold Q&A with CFPB, FTC regulators

cfpbThe American Bankers Association and its insurance subsidiary will hold a telephone briefing on Feb. 20 that will allow participants in the banking industry to engage in a Q&A session with CFPB and FTC regulators.

The session will be held from 2 p.m. to 3:30 p.m. EST and will cover a number of issues, including the CFPB’s activities related to Truth in Lending Act disclosures on debt protection products and credit insurance, Dodd-Frank disclosures on force placed insurance, compliance questions related to the sale of debt protection services that have emerged after the release of the add-on sales bulletin and recent enforcement actions taken against debt protection firms, compliance with the FTC’s telemarketing rules, and development and implementation of an insurance compliance management program.

Speakers expected to join the conference include Kevin McKechnie, the executive vice president of the ABA’s Office of Insurance Advocacy, April Breslaw, the deputy assistant director of supervision policy at the CFPB, Ben Olson, the deputy assistant director for regulations at the CFPB and Reilly Dolan, an FTC representative.

The conference will be open to credit insurance program managers, general counsel, senior government relations representatives, compliance officers and managers, debt cancellation and debt suspension program supervisors, mortgage and consumer lenders and senior bank management.

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