On June 2, The Capitol Forum will host a conference on Subprime Auto Financing.
Key Industry and Policymaker Questions to be Addressed at the Conference:
- Is subprime financing fueling a bubble in the market for used cars?
- What are the parallels and differences between subprime auto lending today and subprime mortgage lending leading up to the financial collapse?
- What are bank regulators, the CFPB and state enforcers doing to police the market?
- Even if banks are relatively less exposed to subprime auto than buy-here-pay-here lenders and non-bank finance companies, is the auto supply chain healthy enough to withstand a lending crisis?
- What ripple effects would a sharp downturn in used car prices cause in the auto industry and to consumers?
- What is the current outlook for defaults and repossessions for subprime borrowers?
- Date and Time: Thursday, June 2, 2016, 8:00am-10:30am.
- Location: 121 Cannon House Office Building, Capitol Hill, Washington, DC.
- RSVP to: firstname.lastname@example.org. Space is limited, so please RSVP.
Introduction Followed by Opening Remarks by Joe Valenti, Center for American Progress (8:00am-8:15am)
Panel 1: Auto Financing Market’s Effects on Industry Stakeholders & the Economy (8:20am-9:00am)
- Nick Clements, Magnifymoney.com
- Rebecca Lindland, Kelley Blue Book
- Chris Kukla, Center for Responsible Lending
Panel 2: Auto Financing Market’s Effects on Consumers (9:05am-9:45am)
- Carol Wayman, Legislative Director for Rep. Keith Ellison
- Shanna Tallarico, N.Y. Legal Assistance Group
- Jon Van Alst, National Consumer Law Center
Regulator’s Roundtable (9:50am-10:10am)
- Amit Bagga, New York City Department of Consumer Affairs
- Additional regulators TBD
Key Note Address by Doug Gansler, Partner at Buckley Sandler & Former Maryland Attorney General (10:10am-10:30am)