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NJ CAR To Host CFPB Finance Policy Workshop On November 6, 2014 In West Trenton

Oct 17, 2014

Join NJ CAR on Thursday, November 6, 2014, to learn the latest information regarding how the Consumer Financial Protection Bureau’s (CFPB) focus on fair credit lending may impact a dealership’s ability to work with potential customers when negotiating financing details. The Seminar features Paul Metrey, Esq., NADA Regulatory Affairs Counsel, and RandyHenrick, Esq., Associate General Counsel at Dealertrack. Mr. Metrey’s presentation will focus on how dealers can protect themselves against allegations of discriminatory lending practices. He will also discuss dealers’ compliance obligations under the Equal Credit Opportunity Act, as well as NADA’s optional Fair Credit Compliance Program.Mr. Henrick’s presentation will focus on what dealers need to do to minimize the chance of a data security breach or FTC Safeguards Rule violation. Other topics to be discussed include: new Safeguards challenges with mobile devices, use of employees’ personal devices for business, and the requirement for a security incident response plan.The CFPB Finance Policy Workshop will wrap up with a review of dealership requirements related to Adverse Action Notices.The Seminar begins at 10:00 a.m. and ends at 3p.m. on Thursday, November 6, 2014, at NJCAR Headquarters (856 River Road, West Trenton, NJ 08628). The cost of the Seminar is $189 per person for NJ CAR Dealer Members.To register for the Seminar, please visit the NJ CAR Academy page under the Education drop-down menu on the NJ CAR Website ( We have also attached a Registration Form to this NewsLetter for your convenience.