Payday lending is an industry under attack in America. Many state legislatures either have already or are in the process of limiting, if not eliminating, payday lending. The CFPB has issued its report detailing its informal proposals to regulated payday lending at the federal level. Alternative product models, such as Native American reservation lending and rent-a-charter carry with them substantial compliance hurdles. This slide deck will help payday lending compliance professionals identify the risks attendant to payday lending and design compliance products. The webinar will also give payday lenders the ability to anticipate and plan for the legislative changes most likely to impact their business model in the near future. This slide deck is critical for payday lenders to ensure compliant products, expand operations in a measured way, and to properly evaluate alternative product offerings.
Agenda
Faculty
Arthur J. Rotatori
McGlinchey Stafford PLLC
- Partner in the Cleveland office of McGlinchey Stafford PLLC
- Practice emphasizes all aspects of consumer finance and regulatory matters with particular emphasis on creating and managing multistate consumer lending programs
- Conducts regular seminars and workshops on numerous payday, small-dollar, and installment lending for banks, mortgage companies, loan program administrators and marketers and finance companies
- Frequent speaker at events for the National Council of Higher Education Loan Programs, Inc., the Student Loan Servicing Association's Private Loan Meetings and the Ohio Mortgage Bankers Association, and provides on-site training on a wide range of consumer credit compliance issues for clients nationwide
- Member of the American Bar Association’s Committee on Consumer Financial Services, the Online Lenders Alliance, the Ohio Mortgage Bankers Association, and past president and former board member of the Greater Cleveland Mortgage Bankers Association
- J.D. degree, Northwestern University School of Law; B.A. degree, summa cum laude, Case Western Reserve University
- Can be contacted at 216-378-9932 or [email protected]
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