Regulatory Trends to Watch Out for in Consumer Finance

Key topics include:

• Consumer Finance: Latest trends and developments
• Enforcement against “junk fees” and “dark patterns”
• CFPB expansion over digital assets and privacy
• FTC’s expansion of “unfair” acts or practices
• The Federal Reserve’s upcoming real-time payments service, FedNow
• The FTC’s proposed trade regulation rule for auto dealers, and what it means for holders of consumer credit contracts
• What Lies Ahead

Consumer financial service regulators have been actively expanding their reach and authority over financial institutions, nonbank partners, and service providers over an increasing number of business practices. Since much of this expansion is accomplished without formal rulemaking, it is important for financial service companies to stay on top of the informal agency guidance and actions. We will discuss the latest regulatory trends and developments and what to watch for in 2023 from agencies including the Consumer Financial Protection Bureau (CFPB), Federal Trade Commission (FTC), and Office of the Comptroller of the Currency (OCC). We will also discuss notable enforcement actions and litigation in these regulatory areas.

Listen as experienced professionals in consumer finance James W. Sandy and Katherine Romano Schnack of McGlinchey Stafford PLLC, provide the audience with a comprehensive discussion of the latest regulatory trends and developments in consumer finance. Speakers, among other things, will also offer practical tips and compliance strategies in this ever-changing legal landscape.

The Knowledge Group