In this webinar, we will discuss the hottest regulatory issues facing the auto finance industry and, most important, the significance of CFPB Bulletin 2013-02 issued March 21, 2013. We will analyze the CFPB’s application of the disparate impact theory under the Equal Credit Opportunity Act (ECOA) to dealer finance charge participation under retail installment sale contracts assigned to banks and sales finance companies.

We also will discuss several other key ECOA issues unique to auto finance. They include relationships with dealers, marketing and advertising, and special issues relating to collections and vehicle recovery operations.

Highlights

  • An in-depth discussion of the CFPB bulletin and the application of disparate impact analysis to dealer finance charge participation under retail installment sale contracts 
  • The flaws in the CFPB’s statistical analytical methods relating to the difference between retail APRs and wholesale buy rates 
  • The types of statistical analyses banks and sales finance companies should be performing to prepare for CFPB examination or enforcement activity 
  • Steps that industry participants can take to mitigate the CFPB enforcement risk associated with dealer finance charge participation 
  • Other key operational areas of automobile finance that should be examined from an ECOA standpoint, including dealer relationships, marketing and advertising, and collections and recovery

Program

12:00 PM - 1:00 PM ET | Webinar

Moderator

Alan S. Kaplinsky, Practice Leader
Consumer Financial Services Group

Presenters

John L. Culhane, Jr.
Consumer Financial Services Group

Christopher J. Willis
Consumer Financial Services Group

This program is open to Ballard Spahr clients and members of the financial services industry. There is no cost to attend. This program is not eligible for continuing education credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Lisa M. Prickril at prickrill@ballardspahr.com.

Program Contact

Lisa M. Prickril
215.864.8252
prickrill@ballardspahr.com