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AFSA Publishes Work From Home Model Legislation

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AFSA’s State Government Affairs (SGA) team recently published model legislation that would permanently authorize employees of licensed entities to work from home without the need of a branch license. Since the start of the COVID-19 pandemic, 44 states and the District of Columbia have provided guidance allowing employees of licensees to work remotely without the need for a branch license. In addition, North Carolina and Virginia stated they will provide flexibility to licensees in order to minimize service disruptions but did not explicitly authorize remote work.

Consistent with state guidance, AFSA members have proven that their employees can work at home safely and effectively through operational adjustments. Accordingly, AFSA sent letters to state regulators in 48 states and the District of Columbia requesting permanent guidance authorizing licensees of all types to allow employees to work remotely. So far, 27 states have responded to AFSA’s letters, with 12 states indicating that permanent authorization would require a statutory change. In response, AFSA work from home initiative group drafted its model legislation, with close collaboration with state regulator trade associations and peer trade associations. AFSA’s model legislation outlines privacy and training requirements to ensure that employees of licensees perform all duties safely and effectively while working from home. AFSA’s SGA team plans to share this legislation with lawmakers in the upcoming legislative session.

AFSA’s model legislation can also be found  in the state model legislation section of its website. If you would like to join AFSA’s work from home initiative, please reach out to Edwin Portugal at eportugal@afsamail.org.

AFSA Publishes Work From Home Model Legislation
Oct 29, 2020

AFSA’s State Government Affairs (SGA) team recently published model legislation that would permanently authorize employees of licensed entities to work from home without the need of a branch license. Since the start of the COVID-19 pandemic,… Read the rest

WATCH TODAY | Navigating the Road to Recovery
Oct 29, 2020

Join us on TODAY at 2:00 p.m. ET for Navigating the Road to Recovery: Proven Delinquency Risk Management Tools, presented by SWBC.

For auto finance companies, delinquency is a common challenge. Experts anticipate delinquency levels could… Read the rest

AFSA Responds to CFPB’s RFI on the CARD Act
Oct 28, 2020

This week, the American Financial Services Association (AFSA) commented on the Consumer Financial Protection Bureau’s (CFPB) request for information (RFI) on the economic impact of the Credit Card Accountability and Disclosure (CARD)… Read the rest

Double Up on Expertise: Conference Videos Now Available
Oct 26, 2020

The 2020 AFSA Annual Meeting & Independents Conference & Expo was packed with information and informative sessions. Did your kid run in during Cal Ripken’s session? Maybe the delivery guy showed up. Or maybe you just got sidetracked… Read the rest

AFSA Women’s Leadership Council Meet at AFSA Annual
Oct 19, 2020

The American Financial Services Association’s Women’s Leadership Council (WLC) kicked off its Fall meeting with Rochelle McClanahan, Chair, and Chief Financial Officer & Compliance Officer of Brundage Management / Sun Loan. Rochelle… Read the rest

AFSA Launches Women’s Forum
Oct 15, 2020

AFSA is pleased to announce that the Women’s Forum communities page is now live and ready for you to join! The Women’s Forum is a place to interact, network, and share best practices with other women in the consumer credit industry. All… Read the rest

AFSA’s Digital Library is Big … and Getting Bigger
Oct 13, 2020

AFSA’s first ever virtual conference, the 2020 AFSA Annual Meeting & Independents Conference & Expo, is in the books. From keynotes to breakouts to networking events, more than 500 attendees enjoyed the expertise that AFSA… Read the rest

2020 AFSA Annual Meeting & Independents Conference/Expo Recap
Oct 12, 2020

The 2020 Annual Meeting and Independents Conference & Expo opened on the sunny beaches of Aruba with a yoga session brought to us by Wells Fargo. Keynote speaker, Kristen Soltis Anderson, analyzed the 2020 political landscape and gave… Read the rest

AFSA SGA Whitepaper Covers Trends in Remote Work
Oct 02, 2020

AFSA’s October State Government Affairs white paper covers Trends in Remote Working. The white paper provides an overview of state regulatory guidance affecting remote work for financial services companies during the COVID-19… Read the rest

AFSA Testifies on Lending Regulations in Nevada
Oct 01, 2020

AFSA’s state government affairs team recently testified in front of the Nevada Financial Institutions Division regarding draft rules for two bills that were passed last legislative session. Matt Kownacki, Director of State Research and… Read the rest

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