Last week, AFSA’s State Government Affairs team released its July white paper. This month’s white paper dives into artificial intelligence.
AI and algorithms are transforming industries like financial services, enhancing operations and benefiting consumers. They may improve payment systems through better fraud detection, more accurate underwriting, enhanced customer data analysis, and automated customer service. In credit underwriting, algorithms can reduce human error and bias, leading to faster, fairer, and more cost-effective credit decisions based on applicants’ creditworthiness. Automation can streamline the entire credit approval process, from data collection to final loan decisions, offering widespread benefits.
This paper, along with SGA’s other white papers, can be found on the SGA resources section of AFSA’s website.
Last week, AFSA’s State Government Affairs team released its July white paper. This month’s white paper dives into artificial intelligence.
AI and algorithms are transforming industries like financial services, enhancing… Read the rest
The featured Business Partner for the month of July is Cox Automotive.
Cox Automotive is transforming the way the world buys, sells, owns and uses vehicles. Dealertrack, Kelley Blue Book and Manheim solutions provide lenders the connectivity
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AFSA recently joined the U.S. Chamber of Commerce in filing a coalition amicus brief urging the United States Court of Appeals for the Fourth Circuit to hold that a unilateral change-in-terms provision does not render an arbitration agreement… Read the rest
In anticipation of today’s markup of the American Privacy Rights Act of 2024 (APRA), AFSA sent a letter to Chair Cathy McMorris Rodger (R-WA) and Ranking Member Frank Pallone (D-NJ) suggesting changes to the APRA that would ensure it works … Read the rest
In a significant court ruling in Colorado, a federal judge preliminarily agreed with the American Financial Services Association, the American Fintech Council, and the National Association of Industrial Bankers’ legal challenge to a … Read the rest
Meta/SEO Description: If digitalization is part of your long-term vision, look no further than to DataCision to propel your dealer commercial lending business forward.
From Paper Trails to Digital Transformation: DataCision Moves Your… Read the rest
AFSA’s State Government Affairs team submitted a comment letter to the New Jersey Senate regarding S1310, which would permit specific for-profit debt adjusters to be licensed for conducting business in the state.
AFSA expresses … Read the rest
This week, AFSA joined other organizations in expressing concerns with the American Privacy Rights Act (APRA) as drafted. AFSA supports a national standard for data privacy, but the legislation in its current form would not best serve consumers.… Read the rest
“We shall overcome because the arc of the moral universe is long, but it bends toward justice.” –Dr. Martin Luther King Jr.
Juneteenth is a commemoration of the ideals of equality, justice, and freedom, which we strive to perfect for all. In… Read the rest
Today, the CFPB released a “Data Spotlight,” which focused on an analysis of negative equity data from a group of auto finance entities. As background, in February 2023 the Bureau announced a pilot data project and issued nine market monitoring… Read the rest
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