As the CFPB embarks on its second full year as a federal agency, it has gained substantial traction and is eagerly progressing towards increased regulation, examination, and enforcement actions. With the CFPB actively increasing its efforts on reforming the debt collection industry, it is critical for those involved in financial service activities to properly prepare themselves for probable inquiries by the CFPB. This webinar will cover what your company should anticipate before, during, and after a CFPB examination. First, the webinar will explain how your company can proactively prepare for a CFPB audit. The webinar speakers will discuss the process of a CFPB audit, what to expect throughout the audit, and how to maneuver through the complicated process. Lastly, the speakers will delve into the possible results of a CFPB audit and how to properly address any issues that may result from the examination. Troutman Sanders' presentation was titled "Understanding the CFPB and State Attorneys General Regulatory Issues Relating to Debt Collection."