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RELEASE | AFSA Welcomes CFPB Taskforce Appointments

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WASHINGTON, DC (January, 9 2020) – The Consumer Financial Protection Bureau today announced the makeup of its Taskforce on Federal Consumer Financial Law, which will examine the legal and regulatory environment facing consumers and financial-services providers. The taskforce will report to CFPB Director Kathleen Kraninger and provide new research and legal analysis of consumer financial laws in the United States and make recommendations on policies and proposals to improve and strengthen consumer financial laws and regulations. The following statement should be attributed to Bill Himpler, President & CEO of the American Financial Services Association:


“AFSA and its members
are pleased that the Bureau is taking a data-driven, research-based approach to its rule making and supervision. The last serious and expansive effort to understand the consumer credit marketplace and how consumers access and use credit products was a Congressionally mandated commission on credit more than 50 years ago. The consumer credit industry is responsible for more than $1 trillion annually added to our economy, and our hope is that this taskforce will help shape pro-consumer policies that both protect and provide consumers with greater access to the credit products and services they need. We congratulate those who have committed to this public service, and we look forward to working with the taskforce in the months ahead.”

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Based in Washington, D.C., the American Financial Services Association (AFSA), is the national trade association for consumer credit. For more than a century, AFSA has been committed to protecting access to credit and consumer choice. Its 450 members include traditional installment lenders, vehicle finance companies, consumer and commercial finance companies, mortgage lenders and servicers, payment card issuers, industrial banks, and industry suppliers. For more information, visit www.afsaonline.org.

Media contact:

Dan Bucherer
202.466.8613
dbucherer@afsamail.org

RELEASE | AFSA Welcomes CFPB Taskforce Appointments
Jan 09, 2020

WASHINGTON, DC (January, 9 2020) – The Consumer Financial Protection Bureau today announced the makeup of its Taskforce on Federal Consumer Financial Law, which will examine the legal and regulatory environment facing consumersRead the rest

Looking Back at AFSA’s Success in 2019
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AFSA’s federal government affairs team continued to be highly effective in advocating for the protection of consumer credit and choice in 2019. Below are just a few of the 2019 federal successes.

Rate Caps: Prevented legislation extending… Read the rest

LISTEN | Frank Salinger on the AFSA Extra Credit Podcast
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In this episode of the AFSA Extra Credit Podcast, we’re speaking with Frank Salinger, a longtime consultant for and former staff member of AFSA. Frank really needs no introduction – he’s been an integral part of protecting… Read the rest

An Open Letter to Their Highnesses the Duke & Duchess of Sussex
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TRH Duke & Duchess of Sussex:

Starting a new, exciting chapter in one’s life can be fraught with challenges for anyone, especially when they are seeking to establish financial stability and independence. How to open up a checking

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DoD’s MLA Rulemaking Should be Fact-based
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Recently, the Department of Defense (DoD) sent a response to 23 Members of Congress who sent a bipartisan letter urging the repeal of Question and Answer #2 of the December 2017 Military Lending Act (MLA) interpretive guidance. In its letter,Read the rest

Registration is Open for the Independents Conference & Expo!
Jan 08, 2020

Stan Butler
AFSA Independents Section Chairman
President & CEO
Heights Finance
Don’t wait for nature to bring the warm weather to you – join us April 28- 30 in Palm Springs, California for the 2020 AFSA Independents Conference
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Electrification, autonomous and rideshare – oh my!
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How are the changing automotive and financial ecosystems transforming auto finance today and in the future?

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The National Black Caucus of State Legislators (NBCSL) recently ratified a resolution calling on state policymakers to put in place and enforce fundamental consumer protection rules on “debt settlement companies.” You can… Read the rest

AFSA Announces New Members to Board of Directors
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The American Financial Services Association today announced three new members to serve on its Board of Directors:

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ICYMI | Himpler Defends Credit Access
Jan 02, 2020

AFSA President & CEO Bill Himpler appeared on Nexstar Television Stations during the holidays in an interview with reporter Kellie Meyer. Their conversation was part of a story on the woefully inaccurately titled “VeteransRead the rest

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