Yesterday, AFSA filed a motion for a preliminary injunction in its lawsuit in federal court seeking to enjoin enforcement of the spousal credit history provisions of Nevada SB 311/Ch. 280. The motion is available here.
AFSA first filed suit in federal district court in Nevada on October 1 when the law went into effect due to the fact that SB 311's requirements are preempted by the federal Fair Credit Reporting Act (FCRA) and Equal Credit Opportunity Act (ECOA), meaning it would be impossible for creditors to comply. The complaint is available here. AFSA previously met with the state regulator to raise the preemption concerns and followed up with a letter outlining these concerns. AFSA's letter to DFI from August is available here.
AFSA Files Motion for Preliminary Injunction in NV Suit
Oct 09, 2019
Yesterday, AFSA filed a motion for a preliminary injunction in its lawsuit in federal court seeking to enjoin enforcement of the spousal credit history provisions of Nevada SB 311/Ch. 280. The motion is available here.
AFSA first filed suit… Read the rest
How Real-Time Payments Drive Satisfaction
Oct 08, 2019
Join us on October 17 at 2:00 p.m. ET for How Real-time Payments Drive Satisfaction, presented by ACI.
Are you ready for real-time payments? Is your strategy set?
Register today we discuss real-time payments and how they can instantly create
AFSA Annual Meeting Hot Topic: Cybersecurity
Oct 07, 2019
Sarah Bloom Raskin is one of the distinguished leaders of the financial services sector, having served as Deputy Treasury Secretary under President Obama from March of 2014 until January of 2017, as the highest-ranking woman in Treasury … Read the rest
AFSA Welcomes CFPB Deputy Director to Annual Meeting
Oct 02, 2019
The American Financial Services Association is pleased to welcome Brian Johnson to the 2019 AFSA Annual Meeting in Nashville.
Mr.Johnson currently serves as the deputy director of the Consumer Financial Protection Bureau (CFPB). Previously,… Read the rest
Press Release | AFSA Challenges New Nevada Credit Provision
Oct 01, 2019
AFSA CHALLENGES NEW NEVADA CREDIT PROVISION
Federal preemption makes new state requirement impossible to implement
Washington – Today (October 1, 2019) the American Financial Services Association (AFSA) and other trade associations… Read the rest
AFSA SGA Publishes CCPA Whitepaper
Oct 01, 2019
AFSA's State Government Affairs team published its monthly white paper today, covering the California Consumer Privacy Act (CCPA), which becomes effective January 1, 2020. The white paper describes the current provisions of the CCPA… Read the rest
AFSA Gets Into the Weeds on NDAA, Blunt Talk on FDCPA
Sep 27, 2019
The American Financial Services Association remained heavily engaged in key issues this week, submitting a comment letter on the National Defense Authorization Act (NDAA) and attending a House Financial Services Committee (HFSC) meeting… Read the rest
AFSA Welcomes Nine New Members
Sep 26, 2019
AFSA is pleased to welcome nine new member companies to the association.
Commercial Membership
Floorplan Xpress LLC – Floorplan Xpress LLC provides inventory financing for independent automobile dealerships in 30 states.
Active… Read the rest
AFSA Supports SAFE Banking Act
Sep 26, 2019
The American Financial Services Association on September 25th submitted a letter to House Speaker Nancy Pelosi (D-CA) and Minority Leader Kevin McCarthy (R-CA) expressing its strong support for HR 1595, the bipartisan-backed Secure and… Read the rest