People

Eric L. Johnson
Partner
405.602.3812    
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Oklahoma
8524 South Western Avenue
Suite 114
Oklahoma City, OK 73139
405.602.3812
Fax: 405.602.3853
Professional Experience

Eric is a partner in the firm's Oklahoma City office. He assists national and state banks, savings associations, credit unions, mortgage bankers, other licensed lenders, and motor vehicles dealers in the development and maintenance of nationwide consumer mortgage and automobile finance programs; online motor vehicle sales assistance programs; litigation funding programs; electronic payment programs. Eric also assists DMS providers of documents and software with federal and state law compliance. He provides responses to regulator examinations; provides comments on proposed statutes and regulations to legislators and regulators; and assists financial services providers with statutory and regulatory changes occasioned by the Dodd-Frank Act. Eric also assists financial services providers on e-commerce and information technology issues.

Eric serves as an adjunct professor at Oklahoma City University School of Law, lecturing on consumer law and consumer protection issues.

Eric is listed in the 2016 edition of The Best Lawyers in America® in the practice areas of Banking and Finance Law, Commercial Litigation and Litigation-Banking & Finance.

Prior to joining Hudson Cook, Eric was a Shareholder and Director and member of Phillips Murrah P.C.'s Commercial and Consumer Financial Services Practice Groups. He was previously Associate Counsel to Dell Financial Services, L.P. and was an Associate with William C. Boston & Associates from 1994 to 1999.

He is Program Officer of the Financial Institutions and Commercial Law Section of the Oklahoma Bar Association, a member of the American Bar Association (Business Law Section; Banking, Commercial Finance and Consumer Financial Services Committees (Co-Vice Chair, Electronic Financial Services and Digital Currency Subcommittee)) and a member of the National Association of Dealer Counsel. Eric serves as Chair to the Legal Committee for the National Automotive Finance Association. Eric also serves on the Governing Committee for The Conference on Consumer Finance Law.

Eric received his law degree in 1994 from the Oklahoma City University School of Law. He holds a Bachelor of Science in Accounting from Oklahoma State University.

Education

Oklahoma City University School of Law, J.D. 1994

Oklahoma State University, B.S. in Accounting 1991

Professional Memberships and Activities

Admitted to practice in Oklahoma (1994)

Admitted to U.S. District Court, Northern and Western Districts of Oklahoma.

Program Officer, Financial Institutions and Commercial Law Section of the Oklahoma Bar Association.

American Bar Association (Business Law Section; Banking, Commercial Finance and Consumer Financial Services Committees (Co-Vice Chair, Electronic Financial Services and Digital Currency Subcommittee)).

Member, National Association of Dealer Counsel.

National Automotive Finance Association (Chair, Legal Committee 2006-present).

The Conference on Consumer Finance Law (Governing Committee 2011-present, Co-Vice President - Membership, 2015-present).

Speeches and Publications

Recent speeches have included:

  • Speaker and Moderator, The Conference on Consumer Finance Law's Annual Consumer Financial Services Conference in Chicago, Illinois, May 16, 2017. His topic was "Select Issues in Auto Finance."
  • Student Trainer, National Automotive Finance Association's Consumer Credit Compliance Certification Program Module 4 in Plano, Texas, May 3 - 4, 2017.
  • Speaker, CounselorLibrary's 2017 Consumer Financial Services Conference in Baltimore, Maryland, April 24, 2017. His topic was "Financing Sub Prime."
  • Moderator, American Bar Association, Business Law Section, Consumer Financial Services Committee Meeting in New Orleans, Louisiana, April 6, 2017. The topic was "Eruption in Online Small Business Lending: Exploring the Legal Issues Unique to Small Business Lending."
  • Student Trainer, National Automotive Finance Association's Consumer Credit Compliance Certification Program Module 1 in Plano, Texas, February 2 - 3, 2017.
  • Student Trainer, National Automotive Finance Association's Consumer Credit Compliance Certification Program Module 4 in Las Vegas, Nevada, November 14 - 15, 2016.
  • Speaker, 2016 Banking and Commercial Law Update Seminar in Oklahoma City, Oklahoma, November 10, 2016. His topic was "CFPB Updates for the Banking/Commercial Lawyer."
  • Speaker, 2016 National Alliance of Buy Here, Pay Here Dealers East Coast Conference in Orlando, Florida, November 1 - 3, 2016. His topics were "Avoiding Collection Mistakes," "Compliance Issues/Ways to Protect Your Operation" and "Current Developments Update."
  • Speaker, DealerSocket Users Summer 2016 in San Antonio, Texas, October 5, 2016. His topic was "Does Size Matter? When it Comes to the CFPB, it Doesn't."
  • Student Trainer, National Automotive Finance Association's Consumer Credit Compliance Certification Program Module 1 in Plano, Texas, September 22 - 23, 2016.
  • Moderator, 2016 Annual Consumer Financial Services Conference in Chicago, Illinois, September 15, 2016. The topic was "Auto Finance/CFPB Regulations."
  • Student Trainer, National Automotive Finance Association's Consumer Credit Compliance Certification Program Module 4 in Dallas, Texas, June 7 - 8, 2016.
  • Speaker, 2016 National Alliance of Buy Here, Pay Here Dealers 18th Annual National Conference in Las Vegas, Nevada, May 24 - 26, 2016. He spoke on a Collection Best Practices panel.
  • Student Trainer, National Automotive Finance Association's Consumer Credit Compliance Certification Program Module 1 in Tampa, Florida, April 21 - 22, 2016.
  • Speaker, CounselorLibrary's 2016 Consumer Financial Services Conference in Baltimore, Maryland, April 11, 2016. His topic was "Practical Compliance for Auto Finance and Leasing Professionals."
  • Student Trainer, National Automotive Finance Association's Consumer Credit Compliance Certification Program Module 1 in Dallas, Texas, January 21 - 22, 2016.
  • Moderator, 2015 Annual Consumer Financial Services Conference in Chicago, Illinois, November 19 - 20, 2015.
  • Speaker, 2015 Banking and Commercial Law Update Seminar in Oklahoma City, Oklahoma, November 12, 2015. His topic was "CFPB Updates for the Banking/Commercial Lawyer."
  • Speaker, 2015 National Alliance of Buy Here, Pay Here Dealers East Coast Conference in Orlando, Florida, November 3 - 5, 2015. His topics were "What BHPH Can Learn from the Small Loan Industry," "Financing Add-On's" and "Collections, Repos & Payment Devices."
  • Speaker, 2015 Innovate Conference in Fort Worth, Texas, September 20 - 22, 2015. His topics were "GPS & Payment Assurance Technology: Let's Do it Right!" and "Advertising 101: How to Market Your Cars without Crashing."
  • Student Trainer, National Automotive Finance Association's Consumer Credit Compliance Certification Program Module 1 in Irvine, California, September 15 - 16, 2015.
  • Speaker, 2015 National Independent Auto Dealer Association Convention & Expo in Las Vegas, Nevada, June 24, 2015. His topic was "Writing the Right Report: Complying with the Fair Credit Reporting Act."
  • Speaker, CounselorLibrary's 2015 Consumer Financial Services Conference in Baltimore, Maryland, June 15, 2015. His topic was "Practical Compliance for Auto Finance and Leasing Professionals."
  • Speaker, 17th Annual Conference of the National Alliance of Buy Here, Pay Here Dealers in Las Vegas, Nevada, May 19-21, 2015. His topic was "Is Your Dealership Ready for the Coming Regulatory Challenges?".
  • Student Trainer, National Automotive Finance Association's Consumer Credit Compliance Certification Program Module 1 in Dallas, Texas, March 31 - April 1, 2015.
  • Speaker, National Alliance of Buy Here, Pay Here Dealers Best Operating and Compliance Practices Conference in Dallas, Texas, January 18, 2015. His topic was "GPS and Payment Assurance Technology."
  • Student Trainer, National Automotive Finance Association's Consumer Credit Compliance Certification Program Module 1 in Atlanta, Georgia, January 8 - 9, 2015.
  • Student Trainer, National Automotive Finance Association's Consumer Credit Compliance Certification Program Module 4 in Las Vegas, Nevada, November 10 - 11, 2014.
  • Speaker, 2014 Banking and Commercial Law Update in Tulsa, November 6, 2014 and Oklahoma City, Oklahoma, November 7, 2014. His topic was "CFPB Updates for the Banking Lawyer."
  • Speaker, 2014 AutoStar Innovate Conference in Ft. Worth, Texas, September 23, 2014. His topics were "Developing Your Compliance Management System," "The CFPB, FTC and State Regulators: What Every Dealer Needs to Know" and "Advertising Without Getting Fined."
  • Moderator, 2014 National Independent Auto Dealer Association Convention & Expo - Your Business Bible: Strong Compliance, Shrewd Accounting and Innovative Technology in Las Vegas, Nevada, June 25, 2014.
  • Student Trainer, National Automotive Finance Association's Consumer Credit Compliance Program in Dallas, Texas, May 28 - 29, 2014.
  • Speaker, CounselorLibrary's 2014 Consumer Financial Services Conference in Baltimore, Maryland, May 5, 2014. His topics were "Bitcoins 101" and "Navigating the Road: Practical Compliance for Auto Finance and Leasing Professionals."
  • Speaker, Leedom Group's BHPH World Convention 2014 in Las Vegas, Nevada, April 15 - 16, 2014. He spoke at two "Ask the Counselor" sessions and on an "Experts Panel."
  • Moderator, American Bar Association, Business Law Section, Consumer Financial Services Committee Meeting - Bitcoins - Los Angeles, California on April 10, 2014.
  • Speaker, 2014 Community Bankers Association of Oklahoma's Winter Leadership Conference in Lake Tahoe, Nevada, February 6, 2014. His topic was "Current Consumer and CFPB Issues for the Community Banker."
  • Student Trainer, National Automotive Finance Association's Consumer Credit Compliance Certification Program in Dallas, Texas, January 15-16, 2014.
  • Speaker, 2013 Banking and Commerical Law Update in Oklahoma City, Oklahoma, November 7, 2013. His topic was "CFPB Updates for the Banking Lawyer."
  • Speaker, CreditRe Vehicle Related Protection Products Conference in Grapevine, Texas, October 31, 2013. His topic was "Aftermarket Products and the Consumer Financial Protection Bureau's Expectations with Respect to Vendor Management."
  • Speaker, 2013 AutoStar Innovate Conference in Ft. Worth, Texas, September 24, 2013. His topics were "What is a Compliance Management System & Why You Need One Now" and "Other Than the CFPB, What Else is Going On."
  • Speaker, Graduate School of Banking at Louisiana State University in Baton Rouge, Louisiana, June 3, 2013. His topic was the "Consumer Financial Protection Bureau."
  • Speaker, Credit Union Association of Oklahoma's Annual Meeting in Norman, Oklahoma, May 14, 2013. His topic was "Hot Regulatory Issues."
  • Speaker, CounselorLibrary's 2013 Consumer Financial Services Conference in Annapolis, Maryland, May 6, 2013. His topic was "Tricks and Tips of Auto Finance."
  • Speaker, Auto Finance Risk Summit in Dallas, Texas, April 30, 2013. His topic was "Compliance: the General Counsel Perspective."
  • Speaker, 2012 Oklahoma Automobile Dealers Association Annual Meeting in Oklahoma City, Oklahoma, November 9, 2012. His topic was "Caught Up in a Compliance Riptide and Dragged out to Sea."
  • Speaker, Innovate 2012 AutoStar Users Conference in Ft. Worth, Texas, September 8, 2011. His topic was "Caught Up in a Compliance Riptide and Dragged out to Sea."
  • Speaker, Oklahoma Bar Review CLE and The Conference on Consumer Finance Law's 2011 Commercial Law Update in Oklahoma City, Oklahoma, December 9, 2011. His topic was "Update and Overview of Consumer Law Developments, including TILA."
  • Speaker, Oklahoma Bar Review CLE and The Conference on Consumer Finance Law's 2011 Commercial Law Update in Oklahoma City, Oklahoma, December 9, 2011. His topic was "Auto Finance Issues (Including Negative Equity and PMSI Issues)."
  • Materials Coordinator, American Bar Association, Business Law Section, Consumer Financial Services Committee 2011 Annual Meeting for the CLE Program-Dodd Frank's Regulatory Triangle: Love or Bermuda?, August 6, 2011.
  • Moderator, National Automotive Finance Association's 15th Annual Below Prime Auto Financing Conference in Ft. Worth, Texas, June 3, 2011.
  • Speaker, Oklahoma Bar Review CLE's Update on the Uniform Commercial Code and Related Laws in Oklahoma City, Oklahoma, May 26, 2011. His topic was "Auto Sales Finance and Secured Transactions."
  • Co-chair and speaker, American Bar Association's 8th Annual Institute for the Young Business Lawyer in Boston, MA, April 14, 2011. His topic was "Consumer Financial Services Basics: A Context for Federal Financial Services Reform."
  • Speaker, Oklahoma Bar Review CLE and The Conference on Consumer Finance Law's 2010 Commercial Law Update in Oklahoma City, Oklahoma, December 10, 2010. His topic was "Update and Overview of Consumer Law Developments, including TILA."
  • Speaker, Oklahoma Bar Review CLE and The Conference on Consumer Finance Law's 2010 Commercial Law Update in Oklahoma City, Oklahoma, December 10, 2010. His topic was "Auto Finance Issues (Including Negative Equity and PMSI Issues)."
  • Speaker, Oklahoma State University in Stillwater, Oklahoma, October 20, 2010. His topic was "Consumer Financial Services Law and the Consumer Financial Protection Bureau."
  • Speaker, Oklahoma Chapter of the Risk Management Association Annual Meeting in Oklahoma City, Oklahoma, November 10, 2010. His topic was "Dodd-Frank Act-the Consumer Financial Protection Bureau and Mortgage Reform and Anti-Predatory Lending Act."
  • Speaker, Oklahoma Chapter of the Risk Management Association Annual Meeting in Tulsa, Oklahoma, November 9, 2010. His topic was "Dodd-Frank Act- the Consumer Financial Protection Bureau and Mortgage Reform and Anti-Predatory Lending Act."
  • Moderator, National Automotive Finance Association's 14th Annual Below Prime Auto Financing Conference in Ft. Worth, Texas, June 3, 2010.
  • Speaker, CounselorLibrary.com 2010 Housing and Auto Finance Workshop in Baltimore, Maryland, May 3, 2010. His topic was "Important State Law Litigation and Legislative Developments for the Auto Industry."
  • Speaker, Oklahoma Bar Review CLE and The Conference on Consumer Finance Law's 2009 Commercial Law Update in Oklahoma City, Oklahoma, December 4, 2009. His topic was "Update and Overview of Consumer Law Developments."
  • Speaker, Oklahoma Bar Review CLE and The Conference on Consumer Finance Law's 2009 Commercial Law Update in Oklahoma City, Oklahoma, December 4, 2009. His topic was "Auto Finance Issues (Including Negative Equity and PMSI Issues)."
  • Moderator, National Automotive Finance Association's 13th Annual Non-Prime Auto Financing Conference in Ft. Worth, Texas, June 4, 2009.

Recent articles have included:

  • Subprime Auto Finance Developments, The Business Lawyer, Vol. 71, Issue 2, Business Law Section, American Bar Association.
  • Annual Conference Wrap-Up, Non-Prime Times, July/August 2016.
  • Bad Boys, Bad Boys, Whatcha Gonna Do?, Non-Prime Times, May/June 2016.
  • Defense Wins Championships, Non-Prime Times, March/April 2016.
  • Here Comes Krampus!, Non-Prime Times, January/February 2016.
  • It's the End of the World as We Know it, Non-Prime Times, November/December 2015.
  • Starter Interrupt and GPS Devices: Best Practices, Non-Prime Times, September/October 2015.
  • Navigating the Consumer Law Minefield, Non-Prime Times, July/August 2015.
  • There May be Consumer Laws "Lurking" in Your Commercial Transaction, Vol. 81, no. 14 Okla. Bar Journal 1203 (May 15, 2010).
  • Federal Reserve Board's 2007 Final Rule on Electronic Disclosures Under Regulation Z and Technical Amendment, 62 Consumer Fin. L.Q. Rep. 81 (Published 2009).
  • Identity Theft Red Flags and Address Discrepancies, Vol. 80, no. 7 Okla. Bar Journal 499 (March 14, 2009).
  • Oklahoma's Security Breach Notification Act, Vol. 80, no. 7 Okla. Bar Journal 479 (March 14, 2009).
  • Oklahoma Lending Law A Guide for Commercial Lenders, American Bar Association, Business Law Section (Commercial Financial Services Committee) (January, 2008).
  • Address Discrepancies: Know the New Red Flag Rules, Paycom Report, Vol. 4, Issue 10 (Published 2008).
  • Can You "Spot Deliver" a Vehicle and Stay Out of Court?, 61 Consumer Fin. L.Q. Rep. 789 (Published 2008).
  • Post-Dated: Oklahoma's Deferred Deposit Lending Act, 61 Consumer Fin. L.Q. Rep. 445 (Published 2008).
  • Oklahoma Attorney General Option 07-12; Commission on Consumer Credit, 61 Consumer Fin. L.Q. Rep. 399 (Published 2008).
  • Disclosing "Negative Equity" in Retail Installment Sales Contracts, 61 Consumer Fin. L.Q. Rep. 271 (Published 2008).

Recent books have included:

  • Frequently Used Terms in Automobile Finance Transactions, American Bar Association, Business Law Section (Consumer Financial Services Committee), co-author, (2017).
  • The Law of Guaranties A Jurisdiction-by-Jurisdiction Guide to U.S. and Canadian Law-Oklahoma, American Bar Association, Business Law Section (Commercial Financial Services Committee), co-author, (2013).
  • "Overview of Truth in Lending" and "Transactions Covered under the Truth in Lending Act," Truth in Lending, Chapters 1 and 2 (American Bar Association, Alvin C. Harrell editor), 2007-2016 Updates.
  • Vernon's Oklahoma Commercial and Consumer Forms 2d (West Group), Miller and Harrell, selected Chapters, 2010-2016 updates.
  • "Oklahoma Commercial Lending Law," Commercial Lending Law A State-by-State Guide, co-author, American Bar Association, Business Law Section (Commercial Financial Services Committee),(2009).