Troutman Pepper's consumer financial services practice maintains a dedicated Auto Finance Group that specifically focuses on indirect and direct automotive lending, as well as leasing and subscription/rental programs. The Auto Finance Group has broad industry experience, combining expertise in compliance, litigation, and regulatory matters and a deep understanding of the auto finance business to offer unparalleled representation to industry participants.
We use this experience to offer counsel and advice on those that are specific to the auto finance industry, including guidance related to the acquisition of retail installment sales contracts, the sale of add-on products like GAP insurance, collection concerns related to the Fair Debt Collection Practices Act (FDCPA) and state FDCPA analog statutes applicable to first-party creditors, the Fair Credit Reporting Act (FCRA), Telephone Consumer Practices Act (TCPA), the acquisition of indirect lending portfolios, as well as underwriting policies and drafting compliance manuals. We routinely litigate class and individual matters for clients, including cases involving alleged violations of federal and state warranty laws, the Equal Credit Opportunity Act (ECOA), the Truth-in-Lending Act (TILA), the TCPA, and myriad state consumer protection laws including Unfair and Deceptive Acts and Practices (UDAP) claims.
Our knowledge of the automotive industry allows us to offer timely and comprehensive advice to auto finance companies, both for legal compliance and litigation. We pride ourselves in our ability to "look around the corner" for emerging risks. The Auto Finance Group practices throughout the nation, making our team uniquely positioned to provide wide-ranging legal assistance, including navigation of the myriad state laws that can impact origination and servicing of auto finance products. Our attorneys provide ongoing analysis and commentary on developments in the consumer financial services industry, including auto finance, on the Consumer Financial Services Law Monitor at www.ConsumerFinancialServicesLawMonitor.com.
Consumer Class and Complex Individual Actions
Compliance and Regulatory Investigations
Podcasts
02.29.24
Avoiding Auto Finance Pitfalls Under the FTC's New CARS Rule
Consumer Financial Services Law Monitor
02.06.24
A Closer Look at NCUA’s Consumer Financial Protection and Compliance Expectations
Firm News
02.01.24
Troutman Pepper Releases 2023 Consumer Financial Services Year in Review & 2024 Look Ahead
Consumer Financial Services Law Monitor
01.09.24
FTC and Connecticut AG File Suit Against Auto Dealer over Alleged “Junk Fees”
Consumer Financial Services Law Monitor
10.26.23
FTC and Wisconsin DOJ Settle with Auto Group over Alleged Illegal Add-Ons and Discrimination Against American Indian Consumers
Consumer Financial Services Law Monitor
08.14.23
Rhode Island AG Settles with Dealerships over Allegedly Charging Fees Not Included in Advertised Prices