Agenda for Subprime Auto Financing Conference on June 2; Speakers Include Current and Former Law Enforcers, Consumer Advocates and Industry Experts

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?

Conference Details

  • Date and Time: Thursday, June 2, 2016, 8:00am-10:30am.
  • Location: 121 Cannon House Office Building, Capitol Hill, Washington, DC.
  • RSVP to: 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)

Panelists include:

  • Nick Clements,
  • Rebecca Lindland, Kelley Blue Book
  • Chris Kukla, Center for Responsible Lending

Panel 2: Auto Financing Market’s Effects on Consumers (9:05am-9:45am)

Panelists include:

  • 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)

Panelists include:

  • 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)