Gerald Sachs, Of Counsel, Paul Hastings LLP at the Knowledge Group’s Event

NEW YORK - July 22, 2015 - PRLog -- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Gerald Sachs, Of Counsel, Paul Hastings LLP will speak at the Knowledge Group’s webcast entitled: “Consumer Protection Agency Limits Payday Lenders: Understanding Proposed Regulation LIVE Webcast.” This event is scheduled for August 26, 2015 @ 10:00 AM to 12:00 PM (ET).

For further details, please visit:

http://theknowledgegroup.org/event_name/consumer-protection-agency-limits-payday-lenders-understanding-proposed-regulation-live-webcast/

About Gerald Sachs

Gerald Sachs is of counsel in the Global Banking and Payment Systems practice at Paul Hastings and is based in the firm’s Washington, D.C. office. Prior to joining Paul Hastings, Mr. Sachs was Senior Counsel for Policy and Strategy of the Consumer Financial Protection Bureau’s (CFPB) Office of Enforcement. At the CFPB, he assisted the office with strategic planning, drafting internal policies and procedures, coordinating with state and federal regulators, conducting investigations, providing supervisory exam support, and working on intra-agency initiatives.  In addition, he led two teams of attorneys that focused on auto finance, credit cards, mobile payments, emerging payments, prepaid cards, and digital currency.

Prior to working with the CFPB, Mr. Sachs served as an Assistant United States Attorney in the Northern District of Georgia where he prosecuted both civil and criminal cases relating to money laundering and asset forfeiture, economic crimes, computer crimes, narcotics trafficking, and the False Claims Act. Before joining the United States Attorney’s Office, Mr. Sachs worked as an attorney for the Federal Trade Commission’s Southeast Region Office in Atlanta, Georgia where he investigated and prosecuted consumer protection cases related to unfair and deceptive acts and practices.

About Paul Hastings LLP

With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings has the global reach and extensive capabilities to provide personalized service wherever its clients need the firm. Paul Hastings offers a complete portfolio of services to address its clients’ complex, often mission-critical challenges – from structuring first-of-their-kind transactions to resolving complicated disputes to providing the savvy legal counsel that keeps business moving forward.

Event Synopsis:

In an effort to provide comprehensive federal regulation to payday and small dollar loans, the Consumer Financial Protection Bureau (CFPB) has recently issued a proposal and will likely issue a notice of proposed rulemaking later this year, requiring certain consumer protections, such as forcing lenders to limit the number of times borrowers can renew and repay their loans. Having stirred immense attention from consumer finance industries, it pays to take a closer look into this new CFPB proposal.

In this two-hour LIVE Webcast, a panel of key thought leaders organized by The Knowledge Group will provide an overview to help you better understand the critical elements of the proposal and its potential effects on the payday, installment, and auto title loan industries.

Key issues that will be covered in this course are:

·         CFPB’s Proposal regarding Payday, Installment, and Auto Title Lending Regulations

·         Ability-to-repay Requirements

·         Limits on Rollovers

·         “Debt Trap Prevention” Vs.  “Debt Trap Protection”

·         Potential Risks and Implications for Payday, Installment, and Auto Title Lenders

·         Common Violations and Risk Mitigation Strategies

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Group, LLC was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/