The American Financial Services Association (AFSA) this week submitted a comment letter to Eric Rosengren, the President & CEO of the Federal Reserve Bank of Boston. The letter expressed the troubling fact that – despite the name – the Main Street Lending Program (MSLP) is not supporting all Main Street businesses, specifically, consumer finance companies. The letter asks that “the Federal Reserve designate state-licensed and -regulated finance companies, including vehicle finance companies, credit card issuers, and traditional installment lenders, as eligible businesses.”
“Many AFSA members are ‘main street’ businesses. Some are businesses that have been passed down through generations,” AFSA President & CEO Bill Himpler wrote. “They are community-based businesses that are worried about how they are going to pay their employees, much like many other small and mid-sized businesses right now.”
The American Financial Services Association (AFSA) this week submitted a comment letter to Eric Rosengren, the President & CEO of the Federal Reserve Bank of Boston. The letter expressed the troubling fact that – despite … Read the rest
Welcome to WordPress. This is your first post. Edit or delete it, then start writing!… Read the rest
As part of its Business Partner Webinar Series last week, AFSA hosted Equifax for Reporting Automotive Loan Payments During COVID-19 Pandemic. Drew Rosedale, Data Contributor Services Leader and Jenn Reid, VP Strategy & Marketing… Read the rest
Join us on May 13th at 2:00 p.m. ET for Virtual Auto Retailing in Today’s Marketplace: Outlook & Strategies for Lenders, presented by DealerTrack.
Cox Automotive Chief Economist Jonathan Smoke sets the discussion with an … Read the rest
AFSA’s State Government Affairs (SGA) team today published a COVID-19 state policy update white paper, the second of two papers covering state responses to the coronavirus outbreak. The white paper provides a snapshot of key state… Read the rest
Join us on May 20th at 1:00 p.m. ET for Navigating Media and Consumer Engagement as We Emerge From the Pandemic. The program will be presented by Leigh Fatzinger, Founder and CEO at Turbine Labs, AFSA's partner developing AFSA Daily… Read the rest
Jonathan Root, Senior Vice President at Harley-Davidson Financial Services, will take the American Financial Services Association Board of Directors and Vehicle Finance Board seats currently occupied by Larry Hund, who has accepted … Read the rest
The American Financial Services Association submitted an amicus brief on April 27 to the U.S. District Court of Maine. The case was brought by the Consumer Data Industry Association (CDIA) against Maine Attorney General Aaron Frey and Superintendent… Read the rest
We asked AFSA Vice President of Compliance Education Philip Bohi for his thoughts on compliance issues and his thoughts as we begin planning for a return to more normal business operations.
Q: In the last several weeks you’ve had calls… Read the rest
AFSA has become aware of several scam companies and individuals posing as AFSA staff members offering a variety of different professional contact lists. Many of the most recent messages offer discounted lists because of the need to cancel/postpone… Read the rest
