5 Stages of CFPB Readiness -- Denial, Determination, Decisiveness, Documentation and Development

Complying with the myriad requirements presented by the ever changing regulatory, legislative and legal environment is the number one concern of all ARM industry members.

It’s the CFPB’s number one concern, too.

You remember the CFPB, right? Tiny start-up agency that holds the fate of the industry in its hands? Taking stock of one’s CFPB Readiness is therefore crucial for agencies large and small and specifically for those who:

• Meet the definition of Larger Market Participant (more than $10 million in annual receipts)
• Provide services to Larger Market Participants in the ARM industry
• Choose to operate as a Larger Market Participant
• Seek to identify and understand their compliance deficiencies and engage in continuous improvement
• Seek to foster a culture of compliance

Ontario Systems has put together an informative webinar that will get your started on the road to CFPB-preparedness. Even if you feel your agency is safely outside the purview of the CFPB, having those processes and systems in place makes your agency more attractive as a business partner and can give you peace of mind about your compliance operations.

This session, 5 Stages of CFPB Readiness — Denial, Determination, Decisiveness, Documentation and Development, will show attendees:

1. How they may implement five key strategies to prepare for a CFPB exam;
2. How to determine where their organization falls on the CFPB preparedness continuum;
3. How to avoid mistakes others have made during the CFPB readiness process;
4. How to determine the human and financial resources required for full scale implementation of the CFPB standards; and
5. How to evaluate their organization’s consumer complaint resolution program

Register for the webinar now: https://www1.gotomeeting.com/register/217340153

Be sure to also download the accompanying whitepaper, Top 10 Steps to CFPB Readiness: Checking Your Progress.