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The regulatory and litigation landscape is continuing to evolve in response to the changed consumer-focused priorities of a new administration as well as the ongoing COVID pandemic and its effects throughout the economy. Federal and state regulators are showing renewed interest in all aspects of consumer financial services, particularly lending products, debt collection and fair lending, using UDAP/UDAAP as a tool. Private litigation also is continuing at a high level, including as to debt collection issues, under the FCRA and TCPA and based on a range of new theories. And the increasing use and dependence on technology, with online and mobile applications gaining prominence, is raising new challenges, including disclosure, privacy and fairness issues.
This 90-minute Briefing will provide you with Q3 updates on all the hottest topics in consumer finance. Join our esteemed expert faculty, representing the different perspectives of the plaintiffs and defense sides, for an insightful review of new and evolving litigation and regulatory challenges confronting financial services companies, the intersection between the election results and renewed consumer activism at the CFPB, FTC and among certain state attorneys general, new technologies and new products and existing regulatory frameworks, and their expectations as to the path ahead.
Additional topics to be addressed include:
- State and federal regulatory initiatives and developments (35 minutes)
- Updates on standing post-Ramirez (20 minutes)
- Arbitration, fair lending, credit reporting and debt collection and deposit-related litigation (35 minutes)
Program Level: Overview
Intended Audience: All professionals involved in consumer financial services, including lawyers, legal and compliance professionals, bankers, lenders, debt collectors, credit bureaus, consumer advocates and professors, will gain many practical takeaways from this program.
Advanced Preparation: None