Brett M. Kitt practices consumer finance law and regulation. He specializes in representing and advising clients in matters involving the Consumer Financial Protection Bureau (the CFPB), the Federal Trade Commission, and federal depository institution regulators.
Brett's clients include depository financial institutions, non-depository financial institutions, and service providers in a variety of industries, including retail banking, mortgage lending and servicing, small-dollar lending, education finance, and debt collection and debt buying.
Brett regularly assists clients with CFPB supervisory examinations, civil investigative demands, defense in CFPB enforcement actions, review and enhancement of compliance management systems, audits of consumer financial compliance, participation in CFPB rulemakings, interpretation and application of Title X of the Dodd-Frank Act and the federal consumer financial laws, advising on scope of prohibition against engaging in unfair, deceptive, and abusive acts and practices, and understanding the legal status, organizational structure, and operational authorities of the CFPB, the Federal Trade Commission, the U.S. Department of the Treasury, and other governmental agencies.
Prior to joining Greenberg Traurig, Brett was Senior Counsel in the Legal Division of the CFPB. He worked there since its inception with senior staff to establish its various offices and programs and to draft its policies and regulations. He also represented the CFPB in litigation and Congressional oversight matters. While at the CFPB, Brett was a leader in the development of its regulations, policies, systems and agreements regarding the privacy of consumer information and the confidential treatment and interagency sharing of the CFPB's supervisory, law enforcement, and market research data.
Before he worked at the CFPB, Brett was counsel at the U.S. Department of the Treasury. There, he defended the Department in litigation and Congressional oversight matters stemming from the financial crisis. He also advised on matters related to the legal status, organizational structure and operational authorities of the Department and related entities, including the U.S. Mint, the Financial Stability Oversight Council, and the Office of Financial Research.
Brett is a frequent speaker and author on topics relating to the CFPB and to consumer financial regulation.
Prior to joining the Federal Government, Brett was an associate at a New York-based law firm.
Articles, Publications, & Lectures
Brett is a frequent author and speaker and is quoted on a variety of topics pertaining to financial regulation and compliance, including the following:
•Quoted, CFPB Proposes New Rules for Prepaid Cards, Mobile Payments, Compliance Week, November 25, 2014
•Quoted, CFPB Auto Loan Rule Revs Up Scrutiny On Nonbanks, Law360, September 18, 2014
•Quoted, New York Payday Lender Crackdown May Be Tough Act To Follow, Law360, August 13, 2014
•Author, Opinion: The CFPB Should Not Weaponize Consumer Complaints, Law360, July 23, 2014
•Speaker, OLA Compliance University, July 2014
•Quoted, Narratives Could Lend Heft to CFPB Complaint Database, Law360, July 17, 2014
•Author, No More Excuses: Providers of Consumer Financial Products and Services Can No Longer Afford to Ignore Compliance Management, Association of Corporate Counsel (ACC) QuickCounsel, June 2014
•Co-author, CFPB Shines a Spotlight on Education Lending Practices, Law360, March 12, 2014
•Panelist, Education Finance Council Annual Membership Conference, March 2014
•Panelist, Consumer Financial Services Association Annual Conference, February 2014
•Quoted, Could the CFPB Hamstring Bank Arbitration Clause Powers? Bank Safety & Soundness Advisor, January 20, 2014
•Author, What to Expect from the CFPB's Consumer Complaint Process, Law360, November 21, 2013
•Speaker, Payday Loan Bar Association Annual Meeting, November 2013
•Speaker, Online Lenders Alliance Annual Meeting, October 2013
While at the CFPB, Brett also lectured frequently at both external and internal events, including speeches to the EDGE eDiscovery Summit and the Privacy Coalition. Prior to working at the CFPB, he published legal articles on topics unrelated to financial regulation, including the following:
•Co-Author, Does Asian Satellite Regulation Need Reform? ITU Telecom Asia, 2004
•Author, Downsizing Korea? The Difficult Demise of the Lifetime Employment and the Prospects for Further Reform, 34 Law & Policy in International Business 537, Winter 2003
Associated News & Events
01.20.15 Greenberg Traurig Team Focuses on Federal Regulatory and Administrative Law
09.24.13 Greenberg Traurig Expands Financial Regulatory and Compliance Practice, Adds Brett Kitt from the Consumer Financial Protection Bureau
11.21.13 What To Expect From CFPB's Consumer Complaint Process
02.17.15 CFPB Observer: Recent Developments from Feb. 9-13, 2015
02.09.15 CFPB Observer: Recent Developments from Feb. 2-6, 2015
02.04.15 CFPB Observer: Recent Developments from Jan. 26-30, 2015
01.26.15 CFPB Observer: Recent Developments from Jan. 19-23, 2015
01.21.15 CFPB Observer: Recent Developments from Jan. 5-16, 2015
01.06.15 CFPB Observer: Recent Developments from Dec. 15, 2014 - Jan. 2, 2015
12.16.14 CFPB Observer: Recent Developments from Dec. 8-12, 2014
12.09.14 CFPB Observer: Recent Developments from Dec. 1-5, 2014
12.03.14 CFPB Observer: Recent Developments from Nov. 17-28, 2014
11.17.14 CFPB Observer: Recent Developments from Nov. 10-14, 2014