CBA Record

Special Issue l THE NEWYLS

YLS Legal & Regulatory Compliance Committee Staying Current on Compliance By Brian Ashfar

D espite the growth of the field of legal and regulatory compliance, before 2014, the CBA-YLS did not have a forum dedicated to this area. This changed with the formation of the YLS Legal and Regulatory Compliance Committee (LRCC). The LRCC brings together young attorneys from all areas of the law to dis- cuss practice issues as well as substantive developments in various areas of law that affect the need for legal and regulatory compliance. We aim to build familiarity with the statutes, regulations and other standards to which clients are subject, and to identify and implement business prac- tices that comply with those standards. The LRCC’s inaugural year has been a success. It kicked off with the Committee’s first CLE seminar, Big Data . LRCC hosted TransUnion’s Chief Information Officer, Mohit Kapoor, who provided the keynote address regarding the relationship between technology strategy and big data. Angela Fontes, Senior Economist at the National Opinion Research Center at the University of Chicago; Richard Gottlieb, Partner, Buck- leySandler; and Angelica Ramirez, Compli- ance Manager at TransUnion, sat on the panel, which engendered lively discussion about big data, technology and compliance. The LRCC drew more than 60 in-person and online attendees to its first event. Since the Big Data seminar, LRCC membership has grown steadily, and we have planned several lunch-hour meetings. Recent meeting topics have included Alter- native Career Paths in Legal and Regulatory Compliance and Fair Lending Practices , both of which drew impressive audiences. The LRCC will hold another CLE seminar covering the Consumer Financial Protec- tion Bureau (CFPB). We will host a panel

of experts in the field to discuss the scope of authority of the CFPB and its role in the financial services industry. Because legal and regulatory compli- ance issues arise in all substantive areas of the law, the LRCC leadership has reached out to other YLS committees to co-host events. The LRCC is hosting a two-part series with the YLS Health and Hospital Law Committee. The first event, held in December 2014, was Data Privacy in Healthcare . The second, held February 26, covered Affordable Care Act updates and compliance issues. The LRCC is excited

to pair with other YLS committees in the coming months. The LRCC welcomes all YLS members to join the committee as it grows over the next few years. We are excited about the new 2015 calendar and looking forward to hosting more exciting and educational events. Brian Afshar is an in-house attorney at Tran- sUnion, providing support to the company’s Insurance and Rental Screening business units.

YLS Social Committee ExpandingContacts, Forming Bonds By Jonathan Mraunac

A s a first-time Chair of the YLS Social Committee for the 2014-15 bar year, my initial goal was to get YLS members more excited about monthly social events, which are a great way to get to know each other better. We started the year off on a high note with a unique idea by organizing a chartered boat cruise on the Chicago River and Lake Michigan. More than 130 members and guests attended the September event, and the member feedback was overwhelmingly positive. The committee collaborated with the leadership of the YLS and the “Big Bar” to negotiate the legal, insurance, and logistics terms of the charter. Industry vendors provided a major portion of the event’s funding. This groundwork paved the way for what the

committee hopes will become an annual tradition and the flagship YLS social event. Taking its budgetary responsibilities seriously, the committee took a proactive approach to funding by seeking partner- ships with legal-industry vendors to spon- sor social events. The generous vendor sponsors, which thus far include TransPer- fect Legal Solutions, Creative Counsel, It’s Your Serve, Advanced Discovery, BlueStar Case Solutions, and Jensen Litigation Solu- tions, have enabled the committee to host events at new and exciting venues and offer exceptional food and drink specials. Another committee intention was to revive the YLS holiday party. The com- mittee partnered with Advanced Discovery and Taft Stettinius & Hollister LLP to

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