TUCSON, Ariz. -

In light of the Consumer Financial Protection Bureau indicating an interest in looking at how repossession agencies charge consumers for items such as vehicle storage and personal property, Vendor Transparency Solutions (VTS) contends mistakes can lead to investigations, financial penalties or worse actions.

So to help agents get going on the right foot this year, VTS is sponsoring a free webinar featuring a pair of legal experts who will share their insights and perspectives to help agencies develop processes and procedures that will not run afoul with the CFPB. The presentation also is designed to help auto finance companies better understand how to monitor the work of their service providers.

The webinar will be held on Tuesday at 1 p.m. ET and will feature Arnall Golden Gregory partners Tom Pahl and Sean Sullivan.

“A growing number of repossession agents have expressed concern about how to proceed in the wake of the CFPB’s comments, so hopefully this webinar will provide some meaningful insights into how the industry can move forward,” said Mike Gibb, administrator of RepoPulse who will be moderating the session. “We’re excited to have Tom and Sean to share their expertise and legal advice.”

Interested participants can register for this free event by going here.