In conjunction with the launch of the new Consumer Financial Protection Bureau (CFPB), Wolters Kluwer Law & Business has announced that it is implementing a suite of products and services created specifically to assist banking and securities legal professionals in understanding and responding to the new regulations and enforcement activities the CFPB is expected to effect, to ensure that their clients are better equipped to respond to outcomes/consequences.
"There has been a tremendous amount of speculation as to the scope of the CFPB's activities," said Mark Dorman, president and chief executive officer of Wolters Kluwer Law & Business. "As a result, legal practitioners are struggling to synthesize all of the information they are finding into something meaningful for their clients. Our respected banking and regulatory consultants and analysts, as well as our expert authors, have been distilling all this content to provide necessary guidance from a single, trusted source. Moreover, we are delivering this information in a relevant context, pairing it with expert commentary and analysis that will help professionals stay current and as a result better advise their clients."
The first of these solutions is the Consumer Financial Protection Bureau Reporter, authored by the international law firm Dewey & LeBoeuf LLP. Available in print and online, the Reporter is the industry's first comprehensive, regularly updated resource offering timely coverage of the rules, regulations and enforcement activities of the CFPB, with practice commentary and analysis from Ralph C. Ferrara, Gary Apfel and the experienced attorneys at Dewey & LeBoeuf.
The Reporter serves as a guide for legal professionals across a broad range of industries, from banks and credit agencies, to mortgage finance and trust management. As a centralized source of content and commentary, it enables legal professionals to get quickly up to speed on Bureau activities and their implications on clients' day-to-day business.
"Because the Bureau is a new independent federal agency with broad and wide-ranging authority, we expect a tremendous amount of activity over the first few months after its launch," said Jim Hamilton, Principal Federal Securities Law Analyst. "For legal practitioners to effectively advise their clients, it's critical that they stay current."
Wolters Kluwer Law & Business expects to launch additional CFPB resources in the coming months.
"We're proud of our reputation as the go-to industry resource for accurate, timely, and contextual legal content in securities and banking," said Dorman. "Our customers recognize not only the breadth of content we offer, but the way in which our experts are able to make it relevant to and integrate it in their daily business activities. Our CFPB resources are a natural extension of the proficiency we deliver to our customers every day."