AFSA received a copy of a CFPB memo that outlines changes to the Bureau’s supervision and enforcement priorities. Some of the highlights from the memo are: The Bureau is prioritizing “pressing threats to consumers, particularly service members and their families and veterans.” The Bureau is shifting resources away from enforcement and supervision that can be […]
Today, AFSA sent a letter to Reps. Andy Barr (R-KY) and Vicente Gonzalez (D-TX) in support of HR 1653 – the “Civil Investigative Demand Reform Act” (CID Reform Act). Under the previous CFPB Director, the Bureau severely misused its civil investigative demand authority with burdensome examinations against regulated financial institutions. These investigations often begin with vague […]
Join us Thursday, April 24th at 2:00 p.m. EST! Join Nick Babinsky, CPO of Solutions by Text, to learn how business-to-consumer messaging has evolved from the simplicity of SMS to the rich media of MMS, and now the interactive potential of RCS. This evolution reflects more than just advances in technology, but a shift in […]
Consumer Lending by the Numbers
13.7 MILLION consumers hold a traditional installment loan
13.7
million
consumers hold a traditional installment loan
82 MILLION consumers in the PRIME VALUE or better risk tier
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AFSA has assembled a number of resources to help members as they navigate the COVID-19 coronavirus and continue to assist their communities. Click to read more.
