This program is being offered without cost to investment professionals and their counsel interested in investing in consumer and small business finance companies and assets. Please feel free to share this invitation with colleagues who might find the program of interest.
Investing in consumer and small business finance companies and assets presents an appealing market opportunity. However, these investments require informed consideration of regulatory and compliance risks. The Consumer Financial Protection Bureau (CFPB) and Director Richard Cordray remain in place. And other federal and state authorities are poised to fill any perceived enforcement gap arising from the recent election.
Our program will examine the issues at play and help investors chart a path forward. Speakers include Raj Date—the first Deputy Director of the CFPB and current Managing Partner of Fenway Summer LLC. Also featured are Ballard Spahr Consumer Financial Services attorneys with extensive experience in the relevant regulatory issues and the businesses in question.
Thursday, June 15, 2017 | 12:30 PM – 6:15 PM EST
Registrations subject to approval by Ballard Spahr.
Program
12:30 PM – 1:00 PM
Registration (box lunches and drinks will be provided)
1:00 PM – 1:10 PM
Introduction and Welcome
Alan S. Kaplinsky
1:10 PM – 1:45 PM
Regulatory and Enforcement Environment under the Trump Administration
Raj Date will discuss how these asset classes have been—and will be—affected by economic factors and regulatory changes at the federal level under the Trump administration. He also will examine the likely response from state banking regulators and attorneys general.
Raj Date
Christopher J. Willis (moderator)
1:45 PM – 2:15 PM
The Regulatory Diligence Process
The practice leaders of Ballard’s Consumer Financial Services Group will provide an overview of the regulatory diligence process and preview issues of particular concern for these asset classes.
Alan S. Kaplinsky
Jeremy T. Rosenblum
2:15 PM – 3:15 PM
Investments in "Traditional" Consumer Finance Assets
The panel will examine compliance issues associated with investments in unsecured credit cards, residential mortgages and lines of credit, student loans, and auto finance instruments.
John L. Culhane, Jr.
John D. Socknat
Glen P. Trudel
Christopher J. Willis
3:15 PM – 3:30 PM
Networking Break
3:30 PM – 5:00 PM
Specialty Finance Investments
The panel will discuss compliance issues associated with online lending, high-rate credit (payday, auto title, pawn and installment loans), retail credit, rent-to-own, small business finance (both loans and alternative products such as merchant cash advances), litigation funding, delinquent debt, secured credit cards and payments companies.
Mark J. Furletti
Stefanie H. Jackman
James Kim
Scott M. Pearson
Jeremy T. Rosenblum
5:00 PM – 6:15 PM
Cocktail Reception
Location
NYU Grand Hall
238 Thompson Street
(Between W 3rd and W 4th)
New York, NY 10011
For more information, contact Lisa Cheresnowsky at cheresnowskyl@ballardspahr.com.
