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Federal Deregulation Opens the Door for State-Level Threats to Auto Finance


Alan D. Wingfield

Brooke K. Conkle

Amir Shachmurove

Ashley L. Taylor, Jr.

Business Law Today, an ABA Business Law Section publication, has published a byline by partners Alan Wingfield and Ashley Taylor and associates Brooke Conkle and Amir Shachmurove. The article, “Federal Deregulation Opens the Door for State-Level Threats to Auto Finance,” draws parallels between current market conditions in auto finance and the legal environment that followed the mortgage loan crisis. They write, “A major legal transition is underway in the world of auto finance. As national regulators step back and federal law retreats, state regulators are stepping up. Changing market conditions are laying kindling for the regulatory and litigation fires to come. As a result, the auto finance industry may soon face serious legal threats from varied state regulators, particularly state attorneys general (AG individually or AGs collectively), many of whom appear poised to act.”