CFPB’s Proposed Registry of Terms & Conditions

In January, the CFPB proposed a rule requiring certain organizations involved in automobile financing, lending, consumer reporting, debt collection, student loan servicing, and international money transfers to annually register their form contracts with the CFPB.  Registration will be required if contracts waive consumers’ legal protections, limit how consumers enforce their rights, or restrict consumers’ ability to file complaints or post reviews. This session will address the proposal’s scope and exceptions, as well as the requirements.