More than 100 practicing attorneys filled a Law Center classroom to hear insights into how the Dodd–Frank Wall Street Reform and Consumer Protection Act might affect them and their practice. The law has been termed the most sweeping change to financial regulation in the U.S. since the Great Depression. The 4-hour CLE conference – “Breaking Down Wall St. Financial Reform” – was presented by the Center for Consumer Law at the University of Houston Law Center and sponsored by the Consumer and Commercial Law Section of the Houston Bar Association.
In welcoming the visitors, Associate Dean Richard Alderman, director of the Center for Consumer Law, hefted a six-inch stack of Xeroxed paper and intoned, “This is the Act” -- obviously not something to be taken lightly, or learned quickly. He said he believes such conferences and discussions are the best way to learn the intricacies and impact of such a complex law.
Ed Mierzwinski, Consumer Program Director of the U.S. Public Interest Research Group, spoke on The New Consumer Protection Bureau: History and Expectations. Mierzwinski frequently testifies on consumer issues before both Congress and state legislatures and appears regularly on national television broadcasts and in print. Other speakers were John R. Brantley and Michael J. Lombardino of Bracewell & Giuliani LLP and Jim Hawkins and Julie Hill, assistant professors at the Law Center. Their topics included the new Consumer Financial Protection Bureau, Community Banks, Whistleblowers, Corporate Governance and the regulation of Consumer Credit.
Video and other conference material will be available on the Center for Consumer Law website: http://www.peopleslawyer.net/2010Dodd/homepage.asp