Date: February 1, 2017

Location: Online – Link will be sent the morning of February 1. The session will be pre-recorded, and attendees will be able to watch the webinar at their discretion.

Registration: $140 (Early Bird – 1/17) / $150 (Regular – after 1/17)

Click HERE to Register. 

SPEAKER INFORMATION

Caren Enloe is a partner with Smith Debnam Narron Drake Saintsing & Myers, LLP and leads the firm’s Consumer Financial Services Litigation and Compliance team. Caren provides litigation and compliance services to the financial services industry, including banks and third party financial service vendors.  Caren blogs regularly about consumer financial services issues, including regulatory enforcement actions.

Jerry Myers is Smith Debnam’s Managing Partner and for more than 30 years, he has focused his practice in the area of creditors’ rights, with an emphasis on debt collection, judgment enforcement, and commercial litigation. He has written and lectured extensively on debt collection and judgment enforcement, including CLE presentations sponsored by Wake Forest University School of Law, the North Carolina Bar Foundation, the Commercial Law League of America, and the National Association of Retail Collection Attorneys.

PROGRAM INFORMATION

In recent years, the CFPB has made clear its intent to overhaul the debt collection industry. As well as its position that first party lenders, including banks, are also subject to debt collection regulation. Recent enforcement actions by both bank regulators and the CFPB have enforced this notion.  Recently, the CFPB moved a step closer to that goal by issuing its proposed debt collection rules for third parties and confirming that it will shortly release its proposal for regulating first party collections by banks and other lenders.  This is your chance to get ahead of the curve.  Are you prepared for the new world of debt collection?  Are you collecting accounts in-house? Are you compliant with North Carolina’s debt collection statutes? Are you properly managing your third party debt collection vendors including law firms? Join us for a discussion of the new world of debt collection under the CFPB and its impact on banks of all sizes.  In this webinar, we will discuss:

• The North Carolina statute which already regulates collection efforts by lenders, including banks;
• Recent enforcement actions by bank regulators and the CFPB regarding debt collection and their effect on North Carolina banks and the sale of debt;
• Regulators’ expectations as to vendor management and reverse vendor management with regard to debt collection;
• The CFPB proposed debt collection rules for third parties and its impact on banks
• What we can anticipate in the upcoming proposal for debt collection by banks