Legal and Regulatory Trends in Small Business Lending and Alternative Business Finance

Small Business Finance is an area fraught with ever increasing legal complexity. Now more than ever, companies that provide critical financing to America’s small businesses must understand the legal and regulatory environment, and adopt rigorous compliance controls. During this session, we will discuss and contextualize important issues facing companies providing small business financing including the FTC's and CFPB’s renewed emphasis on reviewing small business lending practices, UDAAP, the upcoming CFPB rulemaking related to Dodd-Frank Section 1071, the new trend of state small business finance disclosure rules, and issues facing companies providing alternative finance options.

In this session, you will learn:

• Why federal and state regulators increasingly seek to regulate small business finance providers through enforcement in a manner similar to consumer lenders. With a former FTC Commissioner now likely to head the CFPB, we may see increasing involvement in regulatory enforcement actions from the CFPB;
• Federal regulators can currently regulate small business finance providers through, among other things, the ECOA and their UDAAP authority, and states such as California and New York have developed rigorous disclosure rules that will apply to small business finance products; and
• Why compliance starts with culture, and small business finance companies and small business loan divisions within larger institutions must adopt good compliance habits now. In addition, compliance teams must work with internal business stakeholders to provide accurate regulatory risk assessments.

Event Details

For more information on this conference, visit the CBA Live event page.

Conference Agenda

For a complete schedule of events, visit the CBA Live program schedule page.