How will regulatory agencies like the CFPB, FTC, and State Attorneys General react to the consumer financial impacts of COVD-19? What kinds of consumer litigation may be spurred by the crisis?
On Monday, April 6, 2020, from 12:00 p.m. to 1:00 p.m. ET, Ballard Spahr will hold a webinar, “Consumer Financial Regulatory and Litigation Fallout from the COVID-19 Crisis.” Our special guest speakers will be Richard Cordray, former Director of the Consumer Financial Protection Bureau and author of the recently-published book “Watchdog,” and John Roddy, Partner at Bailey & Glasser and prominent plaintiffs’ class action lawyer.
The webinar is open to Ballard Spahr clients, prospective clients, and other persons invited by Ballard Spahr. To register, click here.
We will discuss these questions and other issues with our guests and the leaders of Ballard Spahr’s Consumer Financial Services Group. The issues we will discuss include:
- How we expect regulatory agencies to react to the current crisis
- Industry practices or borrower harms that regulators will be interested in
- Operational areas that may be impacted by working remotely
- The impact on private and governmental consumer litigation, including class actions
- What steps the financial services industry should take to reduce exposure to litigation and government enforcement initiatives
- UDAAP and fair lending issues
- Forbearances, loan modifications and credit reporting
- Scams, phishing, and how they will impact consumer finance companies
To listen to our recent podcast in which Mr. Cordray was our special guest, click here. Our recent blog posts concerning the COVID-19 crisis that involve issues of particular interest to the consumer financial services industry are available here.