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James W. Sandy
Member | McGlinchey Stafford PLLC
Katherine Romano Schnack
Of Counsel | McGlinchey Stafford PLLC

Regulatory Trends to Watch Out for in Consumer Finance | On-Demand Webinar

Broadcast Date: Thursday, January 26, 2023 from 12:00 pm to 1:00 pm (ET)

Consumer financial service regulators have been actively expanding their reach and authority over financial institutions, nonbank partners, and service providers over an increasing number of business practices.  Since much of this expansion is accomplished without formal rulemaking, it is important for financial service companies to stay on top of the informal agency guidance and actions.  We will discuss the latest regulatory trends and developments and what to watch for in 2023 from agencies including the Consumer Financial Protection Bureau (CFPB), Federal Trade Commission (FTC), and Office of the Comptroller of the Currency (OCC). We will also discuss notable enforcement actions and litigation in these regulatory areas.

Listen as experienced professionals in consumer finance James W. Sandy and Katherine Romano Schnack of McGlinchey Stafford PLLC, provide the audience with a comprehensive discussion of the latest regulatory trends and developments in consumer finance. Speakers, among other things, will also offer practical tips and compliance strategies in this ever-changing legal landscape.

Key Topics:

  • Consumer Finance: Latest trends and developments
  • Enforcement against “junk fees” and “dark patterns”
  • CFPB expansion over digital assets and privacy
  • FTC’s expansion of “unfair” acts or practices
  • The Federal Reserve’s upcoming real-time payments service, FedNow
  • The FTC’s proposed trade regulation rule for auto dealers, and what it means for holders of consumer credit contracts
  • What Lies Ahead in 2023

Agenda:

James W. Sandy, Member, McGlinchey Stafford PLLC

AND

Katherine Romano Schnack, Of Counsel, McGlinchey Stafford PLLC

  • An update on the constitutional challenge to the CFPB, next steps, and impact on current enforcement actions and investigations.
  • Expansions of regulatory agency authority including:
    • FTC expansion of “unfair” acts or practices
    • Expansion by CFPB and OCC over nonbank partnerships and digital assets (crypto)
    • Expansion by CFPB over privacy concerns as unfair, deceptive, or abusive acts or practices (UDAAP)
  • CFPB and FTC attacks on “junk fees” and “dark patterns”
  • The Federal Reserve’s upcoming real-time payments service, FedNow, launching in 2023, with discussion of operational challenges and the regulations that will apply to it
  • The FTC’s trade regulation rule for motor vehicle dealers and effects on holders of consumer credit contracts

Who Should Attend:

  • Consumer Finance Lawyers
  • Banking & Finance Lawyers
  • Chief Financial Officers
  • Chief Compliance Officers
  • Chief Risk Officers
  • Financial Reporting Officers
  • Finance Managers
  • Financial Analysts
  • Lending/Loan Officers
  • Accountants
  • Controllers/Comptroller
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CLE Credit:

Course Level: Intermediate

Advance Preparation: Print and review course materials | Method of Presentation: On-Demand Webcast

Prerequisite: General knowledge of consumer finance | Course Code: 1410355

NY Category of CLE Credit: Areas of Professional Practice | Total Credit: 1.0 CLE