The CFPB's Expanding Oversight of Auto Finance, Part I
John Redding, Michelle Rogers, and Marshall Bell presented a Buckley Sandler webcast titled "The CFPB's Expanding Oversight of Auto Finance - Part I" on October 1, 2014.
During its September 18th field hearing, the CFPB announced that its supervisory reach is expanding to include non-bank "larger participants" in the indirect auto finance market, which will have significant consequences for all industry participants. Additionally, the CFPB released Supervisory Highlights discussing its recent auto finance supervisory activity and published a white paper describing how it uses the “Bayesian Improved Surname Geocoding” methodology to serve as a proxy for identifying the likely race and national origin of customers, which has implications for the fair lending monitoring programs the CFPB expects all indirect auto creditors to implement.
In light of these developments, Buckley Sandler is hosting a two-part webcast series that will cover a range of issues that auto finance companies and banks may face as the CFPB increases its scrutiny of auto finance. The first webinar will discuss:
- The CFPB’s fair lending supervision and enforcement process, including an update on the CFPB’s scrutiny of “discretionary" pricing policies and the CFPB’s use of proxies in statistical testing
- Risks that indirect auto creditors face under the CFPB’s authority prohibiting unfair, deceptive, or abusive acts and practices
- Servicing risks arising from debt collection and credit reporting
Please join a panel of Buckley Sandler attorneys who regularly advise on auto finance matters to discuss these issues and what to expect from the CFPB.
Who Should Attend: This webcast will be of particular interest to in-house legal, compliance, and risk management personnel in the auto finance industry.
When: Wednesday, October 1, 2014 from 2:00 to 3:30 pm ET
Registration required. Please no outside law firms, government agency personnel, consulting firms, or media. After registering and being approved, you will receive a confirmation email containing instructions for joining the webcast.
About Buckley Sandler
With more than 150 lawyers in Washington, DC, New York, Los Angeles, Chicago, and London, Buckley Sandler provides best-in-class legal counsel to meet the challenges of the nation's leading financial institutions as well as other corporate and individual clients. Buckley Sandler provides legal advice in connection with government enforcement actions, complex and class action litigation, and transactional, regulatory, and public policy issues.