FinTech & Online Lending: Online Loans, Defenses, and Counterclaims

NCBA Legal Learning Webinar

Wednesday, February 22, 2023
1:00 PM - 2:00 PM (EST)
Category: Webinars

If you are unfamiliar with how these new financial technologies work, you are not alone. FinTech firms require more than just great technology to be compliant and enforce their rights. To ensure proper legal representation, creditors rights lawyers require an understanding of the laws and regulations applicable to your clients’ businesses and procedures.

In this educational session our panelists, Nicole Strickler and Luke Chamberlain of Messer Strickler Burnette, Ltd., will discuss the fundamentals of online lending and analyze common types of transactions and loans creditors rights attorneys need to understand when enforcing their clients’ rights.

Topics covered will include:

  • The legal, regulatory, and policy issues associated with online lending
  • Regulatory agencies’ on going adjustments as new financial technologies emerge
  • Key legal and regulatory challenges creditors rights attorneys face when representing FinTech lenders
    • Documenting online loans
      • Evidentiary standards of proof for debt collection litigation
    • FDCPA compliance
    • Case preparation and best practices
  • Explaining FinTech loans to the bench
  • Legal strategies to respond to defenses
  • Counterclaims

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.