Earlier today (January 5, 2020), the Consumer Financial Protection Bureau’s Taskforce on Federal Consumer Financial Law released a report with recommendations on how to improve consumer protection in the financial marketplace. You can access the volumes of the report here and here.
The American Financial Services Association is pleased that the Consumer Financial Protection Bureau Taskforce on Federal Consumer Financial Law has issued its report. The members of the taskforce have spent the bulk of their careers studying consumer finance and we encourage policymakers to closely review their important work in this report.
The prime focus of this Taskforce report is the effect of regulation on consumers and their access to credit. The last time such a comprehensive review was undertaken by the federal government was the 1970s. Clearly, much has changed – both for consumers as well as the diverse and evolving consumer credit industry – and our hope is that this report serves as a crucial resource for policymakers and our industry moving forward in shaping pro-consumer policies that expand consumer access to credit.
AFSA thanks Director Kraninger for initiating and supporting the work of the Taskforce, as well as the members of the Taskforce for their dedicated service. AFSA looks forward to both reviewing the report in detail and highlighting key elements that affect our member companies, as well as the millions of consumers they serve.
AFSA Statement on CFPB Taskforce Report
Jan 05, 2021
Earlier today (January 5, 2020), the Consumer Financial Protection Bureau’s Taskforce on Federal Consumer Financial Law released a report with recommendations on how to improve consumer protection in the financial marketplace. You can… Read the rest
Registration Open for 2021 Vehicle Finance Conference
Jan 05, 2021
REGISTRATION IS NOW OPEN!
The 2021 Vehicle Finance Conference will be held online from February 23 through February 25.
Each day will feature three hours of fast-paced and informative keynotes and industry roundtables, along with … Read the rest
AFSA Submits Comment Letter to OCC on Fair Access to Financial Services Proposed Rule
Jan 04, 2021
On January 4, 2021, AFSA submitted a comment letter to the Office of the Comptroller of the Currency (OCC) regarding its proposed rule on Fair Access to Financial Services. This proposal reiterates that banks operating under the OCC’s governance… Read the rest
January Business Partner Spotlight: GOLDPoint Systems
Jan 04, 2021
The featured Business Partner for January is GOLDPoint Systems which offers one of the most complete Loan Management Software Systems in the Direct and Indirect market, covering the complete loan life cycle. GOLDPoint products include… Read the rest
Happy New Year!
Jan 01, 2021
From everyone at AFSA, we wish you and your loved ones have a safe and happy New Year!… Read the rest
LISTEN | Closing 2020 with AFSA President & CEO Bill Himpler
Dec 29, 2020
In this episode of the AFSA Extra Credit Podcast, we close out the year with AFSA President & CEO Bill Himpler. We discuss many of the successes the association has seen in 2020 and outline some goals to work for in 2021. Bill also highlights… Read the rest
Focus on Innovation with Keynoter Peter Diamandis, sponsored by FIS
Dec 22, 2020
Keynote sponsored by
The American Financial Services Association is pleased to announce that Peter Diamandis, Co-Founder & Executive Chairman of the XPrize Foundation, and one of the most dynamic speakers in the tech industry, will… Read the rest
AFSA Outlines 2021 Federal Priorities
Dec 22, 2020
The American Financial Services Association (AFSA) recently released its 2021 Federal Priorities. America has a full history of evolving national consumer financial protection laws aimed at ensuring consumers are fairly and responsibly… Read the rest
Disregard non-AFSA Solicitations
Dec 22, 2020
AFSA is aware of several scam companies and individuals posing as AFSA staff members offering a variety of professional contact lists. Many of the most recent messages offer discounted contact lists for upcoming conferences.
You… Read the rest
Mass. High Court Issues Opinion in State-mandated Default Notice Case
Dec 18, 2020
AFSA is sharing the below case summary with members with permission from K&L Gates. The original can be found here. AFSA signed onto a joint amicus brief in this case available here.
THE MASSACHUSETTS SUPREME JUDICIAL COURT HOLDS STATE-MANDATED… Read the rest