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Special Issue
l
THE NEWYLS
38
FEBRUARY/MARCH 2015
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
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
YLS Legal & Regulatory Compliance Committee
Staying Current on Compliance
By Brian Ashfar
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
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