Cordray to Speak at Consumer Bankers Association Event
ARLINGTON, Va. — The naming of Richard Cordray earlier this month as the director of the new Consumer Financial Protection Bureau certainly raised some discussion both on Capitol Hill and within the financial community. And the newly appointed director will address some of those impacted by the CFPB head on in March, when he speaks at CBA Live: Banking on the Future.
The Consumer Banking Association's event will be held March 19 through March 21 and is set to feature more than a dozen panel discussions as well as executive addresses and presentations. There will be a wide array of financial topics covered, including auto financing.
Cordray joins other speakers like Gallup chairman and chief executive officer Jim Clifton, CNN political contributor James Carville and Susan Faulkner, who is the chair of the CBA board of directors and senior vice president of consumer and small business products executive at Bank of America.
In less than two weeks since Cordray's appointment, CBA contends "the bureau has moved quickly and launched its Nonbank Supervision Program and Mortgage Origination Examination Procedures. You can't afford to miss hearing directly from the top official of the CFPB, Richard Cordray."
The event costs $1,695 for CBA members and $2,495 for non-members. There are group discounts for CBA members.
Sharing more about the auto-related side of the event, officials noted that ResponseLogix vice president of strategic alliances Charlie Vogelheim will be the moderator for "The Digital Consumer" panel discussion. Additionally, there will be panel discussion titled "The Changing Regulatory Landscape" including American Financial Services Association executive vice president Bill Himpler and National Automobile Dealers Association vice president Andrew Koblenz.
"As a result of the Dodd-Frank Act, both the CFPB and the FTC will have rulemaking authority for the auto industry," event organizers noted.
"The FTC has already been active in this area by hosting several roundtables over the past year to address auto finance issues, which may lead to additional rulemaking that will affect auto lenders. This session will discuss this joint rulemaking authority and review the issues raised during the recent FTC roundtables," they added.