HANOVER, Md. — How will the new Consumer Protection Agency impact non-prime auto financing? That's what the National Auto Finance Association is seeking answers for in its upcoming Webinar slated for 12:30 p.m. ET on Wednesday.

Basically, the association will be updating members and Webinar attendees on the ramifications of the proposed Wall Street Reform and Consumer Protection Act of 2010. The event will feature Hudson Cook partners Michael Benoit and Tom Buiteweg.

When federal lawmakers, particularly the Senate, vote their approval of the proposed legislation and send it to President Obama, the Consumer Finance Protection Bureau will be created. The Senate is expected to vote very soon on the legislation, and by all accounts apparently have the 60 votes needed for approval.

To help the auto finance industry prepare for enforcement, Benoit and Buiteweg intend to discuss the possible consequences to below-prime auto financing institutions and more by considering the following questions:

—What new obligations does the legislation impose on the below-prime auto financing business?

—What operational and compliance challenges can be expected?

—What kind of impact will the CFPB have on automobile dealer and customer relationships?

—How will it affect access to the capital markets?

Officials indicated participants will have the opportunity to ask questions pertinent to their own concerns.

Registration is required for the Webinar and can be completed at the events page at www.nafassociation.com.

There is no cost for employees of NAF Association member companies to participate in the Webinar. The fee is $49 for non-members.