Sign in to confirm you’re not a bot This helps protect our community. Learn more

CFPB Shakeup: Layoffs, Leadership Changes & The Future of Regulation

Receivables Info | Debt Collection News
4.13K subscribers
193 views 7 months ago #BankingNews #DebtCollection #Compliance
📢 The CFPB is in crisis—what happens next? The Consumer Financial Protection Bureau (CFPB) is facing massive layoffs, leadership confusion, and operational halts until March 3. Join industry experts Manny Plasencia (TransUnion), John Tonetti (Former CFPB), and Mark Naiman (Debt Industry Leader) as they break down what this means for banks, lenders, debt collectors, and financial institutions. 🔹 Key Takeaways from this Live Discussion: CFPB Leadership Overhaul: Russell Vought replaces Rohit Chopra — but Treasury Secretary Scott Bessent also claims leadership. 40% Layoff Impact: How job cuts at the CFPB are affecting enforcement, supervision, and compliance. Regulatory Uncertainty: What happens if states take over where the CFPB left off? Industry Response: How banks, creditors, and debt collectors are adjusting to an unpredictable regulatory landscape. What’s Next After March 3rd? What to expect from Congress, pending lawsuits, and regul …...more
...more

Introduction & Technical Setup

0:00

Meet the Speakers: Former CFPB, TransUnion & Industry Experts

1:30

How the CFPB Has Changed Over the Years

5:56

CFPB’s Early Impact & Its Role in the Industry

10:00

Regulatory Uncertainty & The Industry’s Biggest Compliance Challenges

16:52

State Regulators Stepping In If the CFPB is Weak?

28:11

Mass Layoffs & What It Means for Supervision & Compliance

32:27

Will the CFPB Be Restructured or Defunded?

41:12

Predictions: What Happens After March 3rd?

49:37

Q&A + Final Takeaways

52:33
CFPB Shakeup: Layoffs, Leadership Changes & The Future of Regulation
6Likes
193Views
Feb 242025
📢 The CFPB is in crisis—what happens next? The Consumer Financial Protection Bureau (CFPB) is facing massive layoffs, leadership confusion, and operational halts until March 3. Join industry experts Manny Plasencia (TransUnion), John Tonetti (Former CFPB), and Mark Naiman (Debt Industry Leader) as they break down what this means for banks, lenders, debt collectors, and financial institutions. 🔹 Key Takeaways from this Live Discussion: CFPB Leadership Overhaul: Russell Vought replaces Rohit Chopra — but Treasury Secretary Scott Bessent also claims leadership. 40% Layoff Impact: How job cuts at the CFPB are affecting enforcement, supervision, and compliance. Regulatory Uncertainty: What happens if states take over where the CFPB left off? Industry Response: How banks, creditors, and debt collectors are adjusting to an unpredictable regulatory landscape. What’s Next After March 3rd? What to expect from Congress, pending lawsuits, and regulatory changes. 📌 WHO SHOULD WATCH? 🔹 Compliance professionals & financial institutions 🔹 Debt collection agencies & receivables management experts 🔹 Fintech leaders & banking executives 🔹 Legal & regulatory professionals 📌 Timestamps for Easy Navigation: 00:00 - Introduction & Technical Setup 01:30 - Meet the Speakers: Former CFPB, TransUnion & Industry Experts 05:56 - How the CFPB Has Changed Over the Years 10:00 - CFPB’s Early Impact & Its Role in the Industry 16:52 - Regulatory Uncertainty & The Industry’s Biggest Compliance Challenges 28:11 - State Regulators Stepping In If the CFPB is Weak? 32:27 - Mass Layoffs & What It Means for Supervision & Compliance 41:12 - Will the CFPB Be Restructured or Defunded? 49:37 - Predictions: What Happens After March 3rd? 52:33 - Q&A + Final Takeaways 📌 Speaker Info & Resources: 🔗 Manny Plasencia (TransUnion) –   / manny-plasencia-69562631   🔗 John Tonetti (Former CFPB) –   / john-tonetti-8212637   🔗 Mark Naiman (Debt Industry Expert, Conference Host) –   / mark-naiman-itpmdr   🔗 Host: Adam Parks –   / adamparks   📊 Related Industry Insights: 👉 Latest CFPB News & Policy Updates - https://www.consumerfinance.gov/activ... 👉 TransUnion Industry Report on Financial Regulation - https://tu.receivablesinfo.com/ #CFPB #FinancialRegulation #DebtCollection #Compliance #BankingNews #FintechInsights #ReceivablesManagement

Follow along using the transcript.

Receivables Info | Debt Collection News

4.13K subscribers