July 19, 2019
NAF Association Non-Prime Auto Financing Conference Wrap-Up
In the July/August issue of Non-Prime Times, Partner Eric Johnson provides his annual wrap-up of the NAF Association's Non-Prime Auto Financing conference that took place June 5-7 in Plano, TX. Over 400 attendees participated in two tracks: a general track and a compliance track.
A key component of the conference was the wealth of presentations offering key economic and automotive market trends. Other sessions included an overview of the NAF/AFSA annual non-prime auto financing survey; fair lending and fair servicing; state regulators insights; credit reporting highlights; and the Telephone Consumer Protection Act. The final day of the conference featured "Fraud Friday," a popular day of sessions which included presentations on synthetic fraud, dealer fraud and how to use technology in validations to reduce fraud.
Eric Johnson assists national and state banks, savings associations, credit unions, mortgage bankers, other licensed lenders, motor vehicles dealers and automotive finance companies in the development and maintenance of nationwide consumer mortgage and automobile finance programs; online motor vehicle sales programs; litigation funding programs; and electronic payment programs. He is the chair of the NAF Legal Committee.