Events

October 29, 2024

Exploring the Requirements of and Compliance with the CFPB's Non-Bank Registries for Orders and Judgments, and Terms and Conditions

Jay Harris and Justin B. Hosie

This session will cover two new CFPB rules creating public registries for non-bank financial service providers, including payday lenders, money transmitters, and check cashers- one of enforcement orders and judgments, the other of contract terms and conditions that limit consumer rights. The workshop will address questions including who is covered by the rules; the orders and judgments subject to the registration requirements; the contract terms and conditions subject to the registration requirements; how entities required to report should prepare for their recurring filing obligations; the CFPB's use of the registries; public access to the registries and how private plaintiffs might benefit from ongoing disclosure requirements?

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