The SBPC’s virtual conference series convened advocates, legal experts, industry representatives, and state law enforcement officials for three panels to discuss the role of federal and state consumer law in protecting students in the marketplace for Income Share Agreements.
Panel 1
The Legal Landscape and Risks to Consumers
This panel looks at the evolution of the current market for ISAs, outline the federal legal framework that regulates all credit and debt taken on by consumers, and applies this framework to the emerging ISA market.
Keynote
Ellen Rosenblum, Attorney General, State of Oregon
Moderator
Danielle Douglas-Gabriel, Washington Post
Panelists
Josh Delaney, Senior Education Policy Advisor, Office of Senator Elizabeth Warren
Kevin James, Founder & CEO, Better Future Forward
Julie Margetta Morgan, Vice President, Research, Roosevelt Institute
Joanna Pearl, Former Enforcement Chief of Staff and Acting Principal Deputy Enforcement Director for the Consumer Financial Protection Bureau
Brian Shearer, Legal Director, Justice Catalyst Law and former Attorney-Advisor, CFPB Division of Supervision, Enforcement and Fair Lending
Jessica Whitney, Director of Consumer Protection, Iowa Attorney General Tom Miller
Paper
Panel 2
Fair Lending, Discrimination, & ISAs
This panel examines the disparate impact of ISAs, particularly on women and people of color. Panelists discuss the federal and state fair lending laws intended to protect consumers from discrimination and how ISAs fit into this existing fair lending framework.
Keynote
Rohit Chopra, Commissioner, Federal Trade Commission
Moderator
Stacy Cowley, New York Times
Panelists
Alissa Gardenswartz, Shareholder, Brownstein Hyatt Farber Schreck
Tariq Habash, Head of Investigations, Student Borrower Protection Center
Stephen Hayes, Partner, Relman Colfax
Daniel Rogers, Founder, A.M Money
Nick Smyth, Senior Deputy Attorney General, Assistant Director of the Bureau of Consumer Protection, Pennsylvania Office of the Attorney General
Paper
Panel 3
Consumer Protection, State Law, & ISAs
This panel explores the role that state consumer laws play in regulating ISAs and the role that state regulators and attorneys general can play in protecting students from the risks posed by these products.
Moderator
Jillian Berman, MarketWatch
Panelists
Kate Campbell, Assistant Attorney General, Oregon Department of Justice
Joanna Darcus, Staff Attorney, National Consumer Law Center
Rodrigo Garcia, Chief Financial Officer, Illinois State Treasurer’s Office
Vaishali S. Rao, Partner, Regulatory & Compliance, Hinshaw & Culbertson LLP
Ben Roesch, Senior Fellow, Student Borrower Protection Center
Paper
