Power 30: It’s never been easier to buy and finance a car!
How remote transactions are regulated differently
Zoom Meeting Link
Event Details
Member-Only Event
Consumers today can quickly find a motor vehicle, complete the purchase and financing, and take delivery - all with nothing but a smartphone or other electronic device. And they can do it remotely, without ever leaving the comfort of their own home. Unfortunately, most of the state and federal laws designed to regulate motor vehicles sales and financing were written decades before the electronic technology that enables these transactions. We will talk about the potential hazards associated with completing motor vehicle transactions remotely and the pitfalls of these transactions on the unwary financing sources that buy them. This webinar will focus heavily on how remote transactions are regulated differently and how this potentially impacts licensing, disclosures, choice of law, assignee liability, and more.
Compliance Professionals Earn .5 NAF Recertification Credits
Featured Speaker:
Robert Gage and Eric Johnson, Hudson Cook, LLP
Bob Gage is a partner with Hudson Cook LLP's Michigan office. With decades of experience in consumer and commercial financial services, he helps financial institutions navigate complex regulatory and compliance challenges. Bob advises banks, finance companies, and alternative finance providers on licensing, disclosure, servicing, e-commerce, privacy, and compliance management systems. Before joining Hudson Cook, Bob spent over 12 years as in-house counsel for BMW Financial Services, where he handled regulatory compliance, product development, and legal risk management. His in-house experience gives him a practical, business-focused approach to legal challenges in financial services.
Eric Johnson is a partner with Hudson Cook, LLP in the firm's Oklahoma City office and Editor in Chief of CounselorLibrary.com's Spot Delivery publication. He assists national and state banks, credit unions, licensed lenders, motor vehicles dealers and automotive finance companies in the development and maintenance of nationwide automobile finance programs; online motor vehicle sales programs; litigation funding programs; and electronic payment programs. Eric also assists DMS providers of documents and software with federal and state law compliance. He provides responses to regulator examinations; provides comments on proposed statutes and regulations to legislators and regulators; and assists financial services creditors with statutory and regulatory changes. Eric also assists financial services providers on e-commerce and information technology issues.