CFPB's Proposed Repeat Offender Registry: Risks, Benefits, & Pitfalls

NCBA Legal Briefing Webinar

Tuesday, April 25, 2023
1:00 PM - 2:00 PM (EDT)
Category: Webinars

Join subject matter experts, attorneys Brit Suttell and Amy Mertz Brown, as they review the CFPB’s proposed Rule to establish a “repeat offender” registry requiring nonbanks to report federal, state, and local judgments and consent orders. Under the proposed rule, all non-bank entities, including debt collectors, would have to report such orders to the CFPB for posting on the public registry, and large non-banks would have to annually certify compliance with all such orders. Their discussion includes key takeaways and potential consequences that the proposed rule may have on the creditors rights practice of law, attorney-client issues, and due process. Learn what every creditors rights attorney needs to know about the potential risks and pitfalls if the proposed rule is enacted.

CLE is pending for this webinar.

CLE Information

National Creditors Bar Association is a national provider of legal educational content. NCBA’s goal is to provide its members with as many opportunities as possible to earn Continuing Legal Education (CLE) credits. Some NCBA webinars state that they are pending approval. If a webinar is pending approval, it means that NCBA’s education staff is awaiting confirmation of approval for CLE credit from the accrediting body of a particular state; it should be noted that individual states have different response and approval rates. NCBA expects that the course will be approved for the credit amount and type listed, but approval is not guaranteed. An attorney can still take the course at their own discretion, though.

It is not uncommon for a course which is pending approval to not be approved until after the webinar has taken place. Once an official decision notice arrives from the state, NCBA will notify attorneys who have completed the course as soon as possible via email, and will re-issue any certificates of completion to reflect the updated state reporting numbers. However, it is recommended that attorneys do not view webinars that are pending approval close to their CLE deadline, as NCBA cannot guarantee that a course will be approved in time.

National Creditors Bar Association will seek MCLE accreditation, with the assistance of the ABA MCLE, for this webinar. NCBA will seek General CLE credit hours in 60-minute-hour states, and in 50-minute states, subject to each state’s approval and credit rounding rules. States typically decide whether a program qualifies for MCLE credit in their jurisdiction 4-8 weeks after the program application is submitted. For many live events, credit approval is not received prior to the program. A link for CLE requests will be provided to webinar attendees who have met the attendance and engagement requirements.