The Consumer Financial Protection Bureau (CFPB) has acted to rescind the onerous ability-to-repay provisions in its payday/auto title/high-rate installment loan rule, most commonly referred to as the Payday Rule. At the same time, it has decided not to revisit or provide any relief from the Payday Rule’s payments provisions that impose certain requirements and limitations on attempts to withdraw payments from a consumer's account.

The topics we will discuss in this webinar include:
• A review of the Payday Rule’s payments provisions
• When the payments provisions may become effective and what should be done now to prepare
• The CFPB’s plans regarding new disclosures
• Status of Texas litigation challenging the Payday Rule
• Possible legal and political challenges to both the CFPB’s ratification of the payments provisions and rescission of the ability-to-repay provisions
• Impact on state regulations and enforcement
• Potential impact on the 2020 presidential election

Date & Time

Thursday, July 23, 2020
12:00 PM - 1:00 PM ET

Speaker(s)

Alan S. Kaplinsky, Co-Practice Leader, Consumer Financial Services
Jeremy T. Rosenblum, Co-Practice Leader, Consumer Financial Services
Mark J. Furletti, Deputy Practice Leader, Consumer Financial Services
Jason M. Cover, Associate, Consumer Financial Services

This program is open to Ballard Spahr clients and prospective clients. 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 questions@ballardspahr.com.

Register