Shows
Moving the Metal: The Auto Finance PodcastDriving Digital Security: The FTC's Safeguards Rule ExplainedIn this episode of Moving the Metal: The Auto Finance Podcast, hosts Brooke Conkle and Chris Capurso are joined by colleagues Kim Phan and Aileen Ng for a deep dive into the Federal Trade Commission's (FTC) Safeguards Rule under the Gramm-Leach-Bliley Act, focusing on its impact on the auto-finance industry. The discussion covers the recent FAQs published by the FTC to aid auto dealers in compliance, the evolving cybersecurity requirements, and the contrasting regulatory approaches between the Trump and Biden administrations. The episode explores how auto dealers fit into the Safeguards Rule, the implications of their relationships with original...2025-07-0824 minMoving the Metal: The Auto Finance PodcastDoc Fees Decoded: The Price of Paperwork in Auto SalesIn this episode of Moving the Metal: The Auto Finance Podcast, hosts Brooke Conkle and Chris Capurso delve into the intricacies of "doc" fees in vehicle transactions, focusing on recent legislative developments in California and Louisiana. They explore how these changes could affect dealers' ability to charge doc fees and discuss potential caps on these fees. The conversation highlights the dual challenges of ensuring compliance with varying state regulations and addressing litigation risks associated with fee disclosures. Brooke and Chris also examine the broader implications of these legislative shifts, including the balance between consumer transparency and business cost recovery...2025-06-2418 min
The Consumer Finance PodcastCruising Through Change: The Auto-Finance Industry’s New Era Under Trump UnveiledIn this special crossover episode between Moving the Metal and The Consumer Finance Podcast, Brooke Conkle, Chris Capurso, and Chris Willis analyze the first 100 days of the second Trump administration, focusing on its impact on the auto-finance industry. They discuss the anticipated enforcement slowdown by the Consumer Financial Protection Bureau (CFPB), unexpected halts in supervisory activities, and leadership changes at the Federal Trade Commission and CFPB. The conversation highlights the administration's focus on consumer fees, the evolving role of state regulators, and shifts in discrimination theories impacting compliance practices. This episode provides insights into strategic regulatory changes and offers...2025-06-2027 minMoving the Metal: The Auto Finance PodcastCruising Through Change: The Auto-Finance Industry's New Era Under Trump UnveiledIn this special crossover episode between Moving the Metal and The Consumer Finance Podcast, Brooke Conkle, Chris Capurso, and Chris Willis analyze the first 100 days of the second Trump administration, focusing on its impact on the auto-finance industry. They discuss the anticipated enforcement slowdown by the Consumer Financial Protection Bureau (CFPB), unexpected halts in supervisory activities, and leadership changes at the Federal Trade Commission and CFPB. The conversation highlights the administration's focus on consumer fees, the evolving role of state regulators, and shifts in discrimination theories impacting compliance practices. This episode provides insights into strategic regulatory changes and offers...2025-06-1127 minMoving the Metal: The Auto Finance PodcastUnder the Hood: Exploring the CFPB's 2025 FocusIn this episode of Moving the Metal: The Auto Finance Podcast, Brooke Conkle and Chris Capurso explore the Consumer Financial Protection Bureau's (CFPB) recent memo detailing its supervision and enforcement priorities for 2025. They discuss the implications for the auto finance industry, focusing on the CFPB's expected – and unexpected – shifts for the year, including the Fair Credit Reporting Act and data furnishing issues, and the ongoing scrutiny of fees. Brooke and Chris analyze the impact of federalism on regulatory practices, highlighting the CFPB's approach to state authority and joint examinations. They also examine the shift toward consumer remediation over penalties. Tune...2025-05-2022 minMoving the Metal: The Auto Finance PodcastDriven by Data: Auto Finance Trends UncoveredIn this episode, hosts Brooke Conkle and Chris Capurso delve into the latest TransUnion report on credit industry insights for the fourth quarter of 2024. With auto finance trends revealing rising loan-to-value ratios, increasing monthly payments, and growing account delinquencies, the industry potentially faces expected – and unexpected – challenges in the coming months. Join us as we explore the implications for dealers and auto finance companies, discuss strategies for managing consumer relationships, and prepare for the challenges ahead.
2025-05-0618 minMoving the Metal: The Auto Finance PodcastShifting Gears: Adapting to Regulatory Changes in Auto FinanceIn this episode of Moving the Metal, Brooke Conkle and Chris Capurso from Troutman Pepper Locke's Consumer Financial Services Practice Group discuss what dealerships and auto finance companies should prioritize amidst regulatory changes in Washington, D.C. They cover updates on the Consumer Financial Protection Bureau, Federal Trade Commission, and Federal Communications Commission, as well as the importance of consumer complaints, workforce training, and preparing for a potential recession. Tune in to stay informed and ensure your business is ready for any challenges.
2025-04-2222 minMoving the Metal: The Auto Finance PodcastDialing In: The TCPA and Auto FinanceIn this episode of Moving the Metal, hosts Brooke Conkle and Chris Capurso from Troutman Pepper Locke's Consumer Financial Services Practice Group explore the complexities of the Telephone Consumer Protection Act (TCPA) and its impact on the auto finance industry. They discuss the historical context, current regulatory landscape, and future implications of the TCPA, including the distinction between informational and marketing messages, the importance of obtaining the correct type of consent, and recent regulatory updates such as the one-to-one telemarketing consent rule and new revocation rules. Tune in to gain valuable insights on managing TCPA compliance and mitigating risks...2025-04-0821 min
Regulatory Oversight PodcastThe Future of Auto Dealership Compliance: A Conversation With Tom KlineThis episode of Regulatory Oversight spotlights recent Moving the Metal episode "The Future of Auto Dealership Compliance: A Conversation With Tom Kline." In this episode, Brooke Conkle and Chris Capurso from Troutman Pepper Locke's Consumer Financial Services Practice Group are joined by Tom Kline, lead consultant and founder of Better Vantage Point. Tom shares his extensive experience in the auto industry, discusses the implications of the recent vacating of the CARS Rule by the Fifth Circuit, and provides insights into the most common compliance challenges faced by dealers. He also delves into the importance of having a robust compliance...2025-03-2620 minMoving the Metal: The Auto Finance PodcastThrough the Crystal Ball: What's Next for Auto FinanceIn this episode of Moving the Metal: The Auto Finance Podcast, hosts Brooke Conkle and Chris Capurso delve into the anticipated regulatory landscape for the auto finance industry in 2025. They explore the potential agendas of federal and state regulators, including the Consumer Financial Protection Bureau and Federal Trade Commission, and discuss the implications for compliance and litigation within the industry. They also share tips on how to future-proof your business against the evolving regulatory environment. Tune in to gain valuable insights, hear some crystal ball predictions, and prepare your business for what's on the horizon in the world of...2025-03-2521 minMoving the Metal: The Auto Finance PodcastRequiem for the Rules: The Rise and Fall of the Junk Fee and CARS RulesIn this episode of Moving the Metal, hosts Brooke Conkle and Chris Capurso from Troutman Pepper Locke's Consumer Financial Services Practice Group discuss the rise and fall of the Junk Fee Rule and the CARS Rule. They delve into the initial broad scope of the Junk Fee Rule, its eventual limitation to specific industries, and the implications for auto finance companies. The conversation also covers the controversial CARS Rule, its significant potential impact on auto dealers, and the recent Fifth Circuit decision that halted its implementation. Tune in to understand the current regulatory landscape and what the future may...2025-03-1117 minMoving the Metal: The Auto Finance PodcastThe Future of Auto Dealership Compliance: A Conversation With Tom KlineIn this episode of Moving the Metal, Brooke Conkle and Chris Capurso from Troutman Pepper Locke's Consumer Financial Services Practice Group are joined by Tom Kline, lead consultant and founder of Better Vantage Point. Tom shares his extensive experience in the auto industry, discusses the implications of the recent vacating of the CARS Rule by the Fifth Circuit, and provides insights into the most common compliance challenges faced by dealers. He also delves into the importance of having a robust compliance program and the evolving regulatory landscape. Additionally, Tom talks about his book, Tuck the Octopus, which offers valuable...2025-02-2519 minMoving the Metal: The Auto Finance PodcastFrom Federal to Local: CFPB's Blueprint for State RegulatorsIn this episode of Moving the Metal, hosts Brooke Conkle and Chris Capurso from Troutman Pepper Locke's Consumer Financial Services Practice Group delve into the Consumer Financial Protection Bureau’s (CFPB) recent white paper, "Strengthening State-Level Consumer Protections." They discuss the potential roadmap for state-level enforcement over the next four years, highlighting the interplay between federal and state regulators, joint investigations, and the CFPB's recommendations for empowering state agencies. Tune in to understand the implications for the auto finance industry and how these initiatives might shape compliance efforts across various states.
2025-02-1127 minMoving the Metal: The Auto Finance Podcast2024 Year in Review: Key Developments in Auto FinanceIn this special year-in-review episode of Moving the Metal: The Auto Finance Podcast, hosts Brooke Conkle and Chris Capurso from Troutman Pepper Locke's Consumer Financial Services Practice Group delve into the significant events and regulatory changes that shaped the auto finance industry in 2024. From the Federal Trade Commission's CARS Rule and its legal challenges to the Consumer Financial Protection Bureau's data collection initiatives and supervisory highlights, this episode provides a comprehensive overview of the past year. Tune in to gain insights into the trends and regulatory shifts that will influence the auto finance landscape in 2025.
2025-01-2816 minMoving the Metal: The Auto Finance PodcastAuto Finance Under the Microscope: Unpacking Landmark FTC and AG SettlementsIn this episode, Brooke Conkle and Chris Capurso from Troutman Pepper Locke's Consumer Financial Services Practice Group are joined by Chris Carlson, a partner in the Regulatory Investigations Strategy and Enforcement Practice Group. They delve into recent enforcement actions impacting the auto finance sector, including a landmark $20 million settlement involving the Federal Trade Commission and the Illinois attorney general against Leader Automotive Group. The discussion covers deceptive advertising, unauthorized add-on charges, fake online reviews, and the sale of gray market vehicles. Additionally, they explore a stipulated judgment the Connecticut attorney general reached with a national auto retailer. Tune in...2025-01-1422 minMoving the Metal: The Auto Finance Podcast2024 Privacy Trends and Their Impact on Auto FinanceIn this episode, Brooke Conkle and Chris Capurso, attorneys in the firm's Consumer Financial Services Practice Group, are joined by Kim Phan, a partner in the firm's Privacy and Cyber Practice Group. They delve into the latest trends in privacy and their significant impact on the auto finance industry. The discussion covers the evolving landscape of data security, the implications of connected cars and the Internet of Things, and the challenges and opportunities presented by AI. Kim also shares insights on how recent legislative changes and the new administration may shape the future of privacy regulations. Tune in for...2024-12-1720 minMoving the Metal: The Auto Finance PodcastLemon Law Shakeup: Rodriguez vs. FCA US Has Unexpected ResultIn this episode, Brooke Conkle and Chris Capurso, attorneys in the firm's Consumer Financial Services practice, are joined by Partner Ethan Ostroff to discuss the recent Supreme Court of California decision in Rodriguez vs. FCA US. They explore recent cases from the court that impact auto finance, this case's background, the court's reasoning, and the significant impact this ruling may have on manufacturers, dealers, and auto finance companies. The discussion also touches on the broader implications for consumer protection laws in California and the potential shift in legal strategies for both plaintiffs and defendants in the auto finance industry.2024-11-2619 minMoving the Metal: The Auto Finance PodcastCFPB's Supervisory Highlights on Auto-Finance and Auto-ServicingIn this special joint episode of The Consumer Finance Podcast and Moving the Metal, Chris Willis teams up with Brooke Conkle and Chris Capurso, hosts of the Moving the Metal podcast, to discuss the CFPB's recent supervisory highlights on auto-finance and auto-servicing. Joined by Stefanie Jackman, a partner experienced in auto-finance servicing and collections, the team delves into the CFPB’s findings on issues ranging from repossessions and servicing practices to optional products and credit reporting. They explore the implications of these findings and provide insights into the regulatory landscape, emphasizing the importance of compliance and timely remediation. Tune in...2024-11-1230 min
Automotive State of The UnionCARS Rule Under Trump, Mexico Confronts Musk, AI Robot ArtShoot us a Text.Welcome to Friday! As we wind down the week, we’re talking about how the Trump Presidency could affect the FTC CARS Rule. Plus, Mexico wants answers from Musk as to Tesla’s Mexico Gigafactory and a painting by an AI robot sold for over $1M at auction.Show Notes with links:The Federal Trade Commission’s new regulations to combat auto retail scams, known as the CARS Rule, face an uncertain future with the potential of President-elect Donald Trump’s second term. Here’s a breakdown of what mi...2024-11-0810 minThe Consumer Finance PodcastCFPB's Supervisory Highlights on Auto-Finance and Auto-ServicingIn this special joint episode of The Consumer Finance Podcast and Moving the Metal, Chris Willis teams up with Brooke Conkle and Chris Capurso, hosts of the Moving the Metal podcast, to discuss the CFPB's recent supervisory highlights on auto-finance and auto-servicing. Joined by Stefanie Jackman, a partner experienced in auto-finance servicing and collections, the team delves into the CFPB’s findings on issues ranging from repossessions and servicing practices to optional products and credit reporting. They explore the implications of these findings and provide insights into the regulatory landscape, emphasizing the importance of compliance and timely remediation. Tune in...2024-11-0730 minMoving the Metal: The Auto Finance PodcastBreaking Granite: Understanding New Amendments to the New Hampshire Retail Installment Sales ActIn this episode of Moving the Metal, Chris and Brooke break down recent amendments to the New Hampshire Retail Installment Sales Act. On August 2, New Hampshire Governor Chris Sununu signed HB 1243 into law, bringing significant, retroactive revisions to Chapter 361(a) of the New Hampshire Code. Tune in to understand how these legislative updates from one of the smallest states in the union could challenge your business operations and consumer interactions in the Granite State.
2024-11-0124 minMoving the Metal: The Auto Finance PodcastDissecting Oral Arguments in NADA's Challenge to the CARS RuleIn this podcast episode, Brooke Conkle and Chris Capurso are joined by esteemed senior practitioner Alan Wingfield to discuss the National Automobile Dealer Association's (NADA) challenge to the Federal Trade Commission's (FTC) CARS Rule. The conversation centers around the recent oral arguments held by the Fifth Circuit on October 9, involving both the NADA and the Texas Automobile Dealers Association (TADA). The discussion aims to provide insights into the origins and implications of the CARS Rule, as well as the legal arguments presented by the dealer associations in their challenge and the FTC in defense.
2024-10-1823 minThe Consumer Finance PodcastThe CFPB's Report on Negative Equity in Auto Lending — Crossover Episode With Moving the Metal PodcastIn this special crossover episode of The Consumer Finance Podcast and Moving the Metal, Troutman Pepper attorneys Brooke Conkle and Chris Capurso discuss the Consumer Financial Protection Bureau's (CFPB) new report on negative equity in auto lending. This report, the first of its kind, utilizes data from the CFPB's 2023 Auto Finance Data Pilot, which was issued to major banks, finance companies, and captive lenders. Brooke and Chris analyze the impact of the report, including what the report may indicate for the CFPB's upcoming priorities.
2024-09-1919 minMoving the Metal: The Auto Finance PodcastInvestigation Tag Team: The FTC and the State of ArizonaIn this episode, Chris Carlson, an associate in the Regulatory, Investigations, Strategy and Enforcement (RISE) practice, joins Brooke and Chris to discuss how federal and state regulators are collaborating on consumer protection investigations. The team discusses a recent order and action against an Arizona-based auto dealer for multiple Unfair or Deceptive Acts or Practices (UDAP) violations. While contemplating whether this is a growing trend, the trio meanders into discussions about the CARS Rule and the potential impact of November's election on the industry.
2024-09-1723 minMoving the Metal: The Auto Finance PodcastFTC CFPB Enforcement ReportIn this episode of the Moving the Metal podcast, hosts Brooke Conkle and Chris Capurso delve into the Federal Trade Commission's (FTC) recent report to the Consumer Financial Protection Bureau (CFPB). This report responds to the CFPB's request for information to aid in preparing its annual report to Congress. The episode provides an overview of the FTC's enforcement activities and regulatory efforts over the past year, emphasizing the agency's focus on protecting consumers from deceptive practices in the financial services and automotive industries. Key points discussed include the purpose of the report, the FTC's authority, a review of some...2024-08-2821 minMoving the Metal: The Auto Finance PodcastLoans, Retail Installment Contracts, and Refinancing ProgramsIn this episode, Brooke Conkle and Chris Capurso delve into the topic of refinancing and its impacts on the auto finance industry. They are joined by special guest Jason Cover, who provides insights and education on retail installment contracts, loans, and the impact of refinancing programs. Jason, a partner in the firm's Philadelphia office, routinely counsels providers of consumer financial services, including banks, licensed lenders, and fintech providers, on regulatory compliance matters and government supervisory and enforcement matters. He also regularly offers guidance on electronic payments and payment network rules; electronic contracting and mobile commerce; UDAAP statutes prohibiting unfair...2024-08-1316 minMoving the Metal: The Auto Finance PodcastThe CFPB's Report on Negative Equity in Auto LendingIn this episode of Moving the Metal, Troutman Pepper attorneys Brooke Conkle and Chris Capurso discuss the Consumer Financial Protection Bureau's (CFPB) new report on negative equity in auto lending. This report, the first of its kind, utilizes data from the CFPB's 2023 Auto Finance Data Pilot, which was issued to major banks, finance companies, and captive lenders. Brooke and Chris analyze the impact of the report, including what the report may indicate for the bureau's upcoming priorities.
2024-07-3118 minMoving the Metal: The Auto Finance PodcastThe CARS RuleIn this inaugural episode of Moving the Metal, Troutman Pepper attorneys Brooke Conkle and Chris Capurso examine the major requirements of the FTC's proposed CARS Rule. After a refresher on the rule's requirements, Brooke and Chris discuss the current status of the litigation surrounding the rule, including a discussion of the briefs and data submitted by the FTC and the trade groups fighting the rule. Tune in as Brooke and Chris look under the hood to examine the FTC's fine print and where the rule currently stands in the courts, helping your auto finance company avoid regulatory pitfalls.
2024-07-1518 minThe Consumer Finance PodcastAuto Finance – CFPB Circular ReleaseIn this special episode, Brooke Conkle and Chris Capurso discuss a recently released circular from the Consumer Financial Protection Bureau (CFPB) on consumer contracts. They are joined by special guest Caleb Rosenberg, who provides insights into the potential impacts this "quietly released" circular may have on the auto finance industry. Caleb brings a wealth of experience, including assisting businesses with secured and unsecured loan agreements, retail installment sales contracts, credit card agreements, and alternative finance agreements. He also helps clients navigate regulatory inquiries, particularly those concerning the application of state law to alternative financing products. While this marks the...2024-06-1817 minThe Consumer Finance PodcastNavigating Ancillary Products in Auto FinanceJoin Troutman Pepper Partner Brooke Conkle and Associate Chris Capurso as they delve into the complexities of ancillary products in the auto finance industry. From GAP waivers to extended warranties, discover the latest regulatory developments and compliance challenges that are shaping the landscape for consumers, dealers, and auto finance companies.Our Auto Finance Special Series on The Consumer Finance Podcast will be exploring various facets of the auto finance industry, from regulatory changes and compliance challenges to market trends and future outlooks. This series is essential for anyone looking to stay ahead in the rapidly evolving world...2024-06-0416 minThe Consumer Finance PodcastAuto Finance – The Holder RuleTroutman Pepper attorneys Brooke Conkle and Chris Capurso discuss the Federal Trade Commission's "Holder Rule" in the third of five special episodes devoted to auto finance issues. Although the Holder Rule has been around since the 1970s and is a staple of consumer finance contracts, there have been several recent, important developments. Brooke and Chris hop behind the wheel of this installment to review these developments, the position taken by the FTC and courts, and the potential impacts to dealers and finance companies.Our Auto Finance Special Series on The Consumer Finance Podcast will be exploring various...2024-05-2115 minThe Consumer Finance PodcastAuto Finance – The CFPB Complaints ReportTroutman Pepper attorneys Brooke Conkle and Chris Capurso helm this episode to discuss the Consumer Financial Protection Bureau's (CFPB) recent annual report on consumer complaints for 2023. Although the report primarily focuses on consumer reporting, it includes an auto-finance section for those involved in auto loans and leases. Out of 1.6 million total complaints only 17,000 to 18,000 were directed toward auto finance-related issues; however, Brooke and Chris highlight some key takeaways. The bottom line: The CFPB pursues auto finance actions, and the most effective way to gain insight into the Bureau's thinking is to examine the issues highlighted in the complaint report...2024-05-0717 minThe Consumer Finance PodcastNavigating the CFPB's Auto Finance Data Collection InitiativeIn this pivotal episode of The Consumer Finance Podcast, host Chris Willis, alongside colleagues Brooke Conkle and Chris Capurso, explores the Consumer Financial Protection Bureau's (CFPB) groundbreaking proposal for regular and extensive data collection within the auto finance industry. This episode is part of our special series on auto finance, where we unpack the implications of this initiative, rooted in the authority of Section 1022 of the Dodd-Frank Act, for both the industry and consumers. As the auto finance sector experiences significant growth amid rising prices and rates, we shed light on the CFPB's strategy to enhance market monitoring and...2024-04-2516 min
fiction/non/fictionIvy Pochoda on Iowa Basketball Star Caitlin Clark and Women Athletes in Popular CultureFollowing a record-smashing performance by University of Iowa basketball star Caitlin Clark, now the all-time leading scorer in NCAA Division I basketball, novelist and former professional squash player Ivy Pochoda joins host V.V. Ganeshananthan to talk about portrayals of women athletes in media, literature, and film. Pochoda considers the gender binary that continues to divide most sports and how athletes from Serena Williams to Lynette Woodard to Clark have been treated differently due to systemic bias. She discusses the lack of adult literary fiction featuring women athletes, as well as her new favorite novel in this category, the...2024-03-2152 minThe Consumer Finance PodcastThe Impact of State Licensing LawsJoin Troutman Pepper Partner Chris Willis and his colleagues Joe Reilly and Chris Capurso as they discuss the impact of state licensing laws on the consumer financial services industry. They tackle topics such as:When did licensing start and how did it grow into what it is today;Which entities are required to have a license and what happens if they engage in an activity that requires a license they do not have;What are the licensing requirements for various consumer lenders and nonlenders;Does the difficulty in obtaining licenses vary by state; andWhat services do our attorneys...2023-11-0220 minThe Consumer Finance PodcastCFPB's Policy Statement on Abusiveness (Part 2)Please join Troutman Pepper Partner Chris Willis and his colleagues Stefanie Jackman, Caleb Rosenberg, and Chris Capurso for the second installment of our special two-part series about the Consumer Financial Protection Bureau's (CFPB) recent policy statement on abusiveness. In Part 2, the panel discusses specific examples cited in the policy statement, as well as lessons learned about what constitutes abusiveness and what doesn't from the CFPB's perspective.CFS Partner Stefanie Jackman devotes her practice to assisting financial services institutions facing state and federal government investigations and examinations, counseling them on complex compliance issues, as well as defending them...2023-05-2535 minThe Consumer Finance PodcastKeeping Up With the Bureau Episode 3: Evolving Federal and State Requirements for Furnishers and Users of Consumer ReportsPlease join Consumer Financial Services Partner Ethan Ostroff and his guests and colleagues Alan Wingfield, Chris Capurso, and Derek Schwahn in the third episode of a special four-part series on recent developments with the Consumer Financial Protection Bureau (CFPB). In this episode, topics include:The CFPB's recent focus on the furnishers' obligation to respond to consumer disputes;Steps furnishers can take to ensure they properly investigate and respond to consumer disputes;Recent developments on reporting medical debt; andThe CFPB's views on what should and should not be contained on a consumer's credit report.Partner Ethan Ostroff's practice...2022-09-1529 min
Coaches and CoffeeClient Highlight Chris Capurso: A choice, a journey, and a habit.Chris Capurso joins the podcast for this week's client highlight episode. Chris has been a member at ReDefine:RVA for about 3 years. He's an attorney, an avid runner, and a film enthusiast . Join us in hearing about Chris' journey from his self-proclaimed lazy days to his introduction into fitness, and his decision to make this a habit for the rest of his life. Hope you enjoy!2020-06-101h 00