CFPB Readiness Review

The purpose of a CFPB (Consumer Financial Protection Bureau) readiness review is to prepare businesses that offer consumer financial products and/or services for a CFPB audit. Our goal is to test the adequacy and effectiveness of the business’s compliance management system (CMS).

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Some items that will be covered in the review:

Effectiveness of Board and Management oversight
Risk Assessment
Policy and Procedure Development and Oversight
Training Program
Monitoring Activities
Historical Audits
Consumer Complaint Handling
Collection Practices
Vendor Oversight
Advertising and Marketing Review
Compliance-related Policies and Procedures

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How Does it Work?

Our team of experts will review your business in accordance with CFPB guidelines and examination procedures.

At the conclusion of the project, CCE will provide a final written report that will include an executive summary identifying unmitigated and/or high-risk items and recommendations for remediation. Additionally, the report will include recommended policy and control improvements, as well as best-practice solutions, to mitigate review findings and associated risks.

Not sure if a CFPB Readiness review is right for you and your business? Give us a call today! 855-922-4325

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Suggested Training

Equal Credit Opportunity Act
Electronic Funds Transfer Act
Truth in Lending Act
Fair Credit Reporting Act/Fair and Accurate Credit Transaction Act
Fair Debt Collection Practices Act
Service Members Civil Relief Act/Military Lending Act
Gramm-Leach-Bliley Act/Privacy
Unfair, Deceptive and Abusive Acts and Practices
Complaint Handling
Reg E
Dodd Frank
Human Trafficking
Elder Abuse

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We are here to help, contact us today for a free quote!

CFPB Readiness Review

Our CAMS consultants will review your consumer financial products and/or services to prepare your business for a Consumer Financial Protection Bureau (CFPB) audit.