On August 30, 2016 CFPB Director Richard Cordray issued a letter to Services & Advocacy for GLBT Elders (SAGE), apparently taking the position that the Equal Credit Opportunity Act's (ECOA) prohibition on sex discrimination extends to gender identity and sexual orientation. Although the letter is careful to state that the "current state of the law" supports that approach, and that the CFPB will continue to monitor legal developments closely, Director Cordray's letter seemingly reflects not only the CFPB's legal views on the scope of the ECOA, but an ongoing internal dialogue on how to leverage its authority for the benefit of the LGBTQ community. By openly soliciting additional information and input on instances of credit discrimination towards LGBT consumers, the Director has signaled that the Bureau will be scrutinizing industry practice in this area going forward.

In this webinar, we will discuss how the CFPB's approach to LGBTQ credit discrimination could impact the consumer credit industry and what can be done to prepare for these changes.

Date & TIme

Thursday, November 3, 2016
12:00 PM - 1:00 PM ET


Alan S. Kaplinsky
Practice Group Leader
Consumer Financial Services Group


Christopher J. Willis
Practice Leader, Litigation
Consumer Financial Services

John L. Culhane, Jr.
Consumer Financial Services

Stefanie H. Jackman
Consumer Financial Services

Tristram Q. Wolf
Consumer Financial Services

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

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Daniel Martin at martind@ballardspahr.com.