Consumer Protection Consulting Navigate regulatory challenges with expert guidance. We guide you through dynamic regulatory reviews and help implement effective remediation strategies to enhance consumer protection, build trust, and accelerate business growth while maintaining compliance.Financial services organizations face unique challenges, including disruptive technologies, shifting customer expectations, and increasing pressure to drive profitability. Navigating these complexities requires a strong consumer protection strategy and a forward-thinking approach to compliance that can adapt to future market dynamics.Our goal is to ensure your organization meets both regulatory requirements and industry best practices, while also developing sustainable compliance capabilities that support long-term success. Our experts partner with you to assess your consumer compliance program design, operational effectiveness, and risk management processes, ensuring that your organization is equipped to meet current and future regulatory demands. Evaluate your compliance program design and operational effectiveness Our Consumer Protection Services Pro Briefcase Compliance Management Program Services We partner with you to perform a holistic assessment of your compliance management program design to define its consistency with regulatory expectations and leading industry practices. Then, we evaluate any in-progress action plans to address known gaps with your compliance program and related improvement opportunities, coupled with practical enhancement recommendations to address these items. Pro Document Files Consumer Compliance Regulatory Reviews We assess regulatory compliance with all federal and state consumer protection laws at the program or product level. Based on your needs, we perform targeted or comprehensive reviews informed by prudential regulator examination procedures. Using regulatory examination procedures as a baseline, Protiviti develops a testing methodology to assess your practices across product lifecycles, including or limited to marketing, origination, servicing, and loss mitigation. Pro System Security Regulatory Consent Order and Remediation Support Services Protiviti’s regulatory remediation services support our clients with every stage of the remediation lifecycle, including the development and approval of a remediation plan, execution of the remediation plan, and monitoring and validation as requested or required by regulatory action. Pro Building office Compliance Operations Support Services We assist our clients from call centers to loan processing, with creating, operating, and overseeing workflows efficiently, enabling compliance with laws and regulations. Our unique Managed Business Services offering allows us to quickly and easily combine our consumer compliance expertise and program management capabilities with qualified resources to scale our solutions to fit your specific needs. Pro Document Stack Compliance Audit Support Protiviti’s team of former regulators and consumer compliance experts support you in designing, managing, and performing audits to assess compliance with regulatory requirements and expectations. Regulatory compliance audits can be complex and place strain on your resource capacity. You need a partner with a proven track record of supporting various audit activities using co-source, outsource, or staff augmentation models. We tailor our solutions to meet your organization’s unique needs and industry Our Approach Protiviti offers world-class consumer compliance expertise backed by the largest network of highly skilled, specialized staffing resources. Our Consumer Protection consulting team includes industry experts, former regulators, and highly skilled professionals with extensive experience in guiding organizations through complex and sensitive consumer compliance matters. We leverage our deep knowledge to help your business stay ahead of regulatory shifts and improve consumer trust.Our proven frameworks and methodologies are defined yet iterative, enabling us to be agile in adapting to changing product, organizational, and regulatory environments. Download We tailor our solutions to meet your organization’s unique needs and industry Featured insights BLOG Slimmed-Down CFPB Scales Back Regulatory Priorities, Shifts Focus Back to Big Banks The big picture: The Consumer Financial Protection Bureau has reprioritized its focus amid political scrutiny. Reduced examinations: The CFPB will cut examinations by 50% and focus on depositary institutions. Certain products offered by non-bank... BLOG Privacy Compliance: The Role of Digital Identity Driven by stringent global privacy regulations, consumer privacy and security are top of mind for technology executives. Compliance with these regulations requires organizations to think through their approach to collecting, securing, managing access... WHITEPAPER The Compliance Playbook: Navigating the Financial Services Industry’s Compliance Priorities in 2025 As we enter the new year, the financial services industry once again faces compliance risks that are increasingly diverse and complex. VISION CPO or no? Protiviti’s Tom Moore on the evolution of the privacy role and its uncertain future When Google, a company estimated to hold between 10 and 15 exabytes of data — or the storage power of about 30 million PCs — makes a potentially game-changing decision regarding privacy, it’s probably a good idea for the rest of us to take note. ... VISION Protecting data and minimizing threats with Microsoft’s Sarah Armstrong-Smith “When we're talking about cyber-attacks, data breaches, intellectual property theft, whichever way you want to look at it, ultimately it'll come down to one thing, which is effective data governance.” “A couple of months ago Microsoft actually... BLOG U.K. Online Safety Act: The Impact on Tech Firms and Critical Compliance Considerations The U.K. Online Safety Act (OSA) is part of a suite of new online-safety and consumer-protection regulations aimed at safeguarding users from harmful content on digital platforms. Its implementation is planned in three phases from 2025 to 2026. ... Previous Article Pagination Next Article Case Studies Consent Order Support A global consumer and commercial card lender with over $150 billion in assets under multiple consent orders pertaining to specific regulatory violations required retention of an independent consultant to review the client’s entire compliance framework and process, along with assessing the adequacy of overall compliance staffing levels. Additionally, our client required ongoing monitoring and board-level reporting of remediation efforts. We performed a comprehensive review of the lender’s compliance framework, related processes, and controls to identify opportunities to strengthen their compliance plan further. This involved documentation reviews, interviews with key stakeholders, and an overall assessment of their compliance framework against industry standards, including an evaluation of staffing levels and skills assessments. Our team also built out reporting capabilities that enabled timely communication to the board and senior management on remediation activities. We provided a detailed evaluation of their compliance plan that included opportunities for enhancement and a roadmap of activities to achieve the target operating state. This provided the lender additional insights to strengthen their compliance plan submission and receive regulatory approval. CFPB Readiness Assessment A top U.S. consumer reporting agency that also offers fraud and identity theft, account management, and debt recovery services recently became subject to supervision by the CFPB. Management requested an independent evaluation of the strength of its compliance risk management program for consistency with CFPB requirements and expectations and their readiness to demonstrate both technical compliance and the effectiveness of their compliance management systems to the CFPB. We staffed a team of former regulators and industry professionals to review the consumer reporting agencies' compliance risk management program leveraging Protiviti’s proprietary Compliance Framework. This included an in-depth review of all compliance risk management components, including consumer complaints management, risk assessment, regulatory change management, monitoring and testing, compliance governance, and issue management frameworks. We provided a detailed report that included a current state assessment of their compliance risk management program components, gap assessment of current state in comparison to regulatory expectations and industry standards, program maturity assessment summary, and a compliance implementation roadmap. We also supported implementation of program enhancement opportunities. Leadership Steven Stachowicz Steven is a Managing Director with Protiviti's Regulatory Risk Consulting practice and is located in Chicago. Steven has led internal audits, reviews, and assessments of our clients’ compliance management systems and technical compliance with consumer protection laws ... Learn More Frequently Asked Questions What services do consumer protection consulting firms offer? + Consumer protection consulting firms offer services like compliance assessments, risk management strategies, customer service audits, and guidance on regulatory compliance with laws such as GDPR, CCPA, and other local consumer protection regulations. They also provide assistance in addressing consumer complaints and improving consumer rights policies. How do consumer protection consultants help mitigate legal risks for organizations? + Consultants assess an organization's policies and procedures to ensure they meet legal standards, reducing the risk of litigation and regulatory penalties. By conducting audits and implementing best practices, consumer protection consultants help businesses navigate complex legal environments, ensuring that both the organization and its customers are protected. How can consumer protection consulting services help organizations enhance customer trust? + Consumer protection consulting services help businesses foster trust by assessing compliance with consumer protection laws, identifying risks in customer interactions, and recommending strategies to improve transparency, fairness, and accountability. They guide organizations in implementing ethical practices, reducing legal exposure, and ensuring consumer rights are prioritized.
