2020 and Beyond: Where We've Been and Where We're Going in Consumer Finance Law Webinar Recording

During the webinar, experts in the financial services litigation and regulatory compliance space will discuss important trends in the law, and provide valuable insight about trends in the space. Among the topics to be discussed are:

• The New CFPB Small Dollar Rule
• CFPB and State Regulatory Enforcement
• Privacy Law Update
• TCPA

Webinar Recording

Key Takeaways

Fair Lending

• There is a significant chance the HUD will reverse its disparate impact rule
• We anticipate that there will be a re-emphasis on fair lending enforcement actions
• Dodd Frank 1071, which will require significant data collection and reporting requirements for small business lenders, is coming soon. Lenders should start thinking about how they will prepare.

FCRA

• Changes to reporting under CARES Act are retroactive to January 1, 2020
• Analyze potential state constitutional standing defenses in litigation where claims are premised solely on statutory violation(s)

Privacy

• The privacy landscape continues to rapidly evolve and the threat of ransomware is dramatically increasing in frequency and impact