This week, the American Financial Services Association submitted a letter to the FCC requesting immediate action regarding a petition that AFSA and other trade associations submitted last month.
In the petition the trades ask for an expedited declaratory ruling, clarification, or waiver stating that phone calls and text messages placed by financial institutions using an autodialer or prerecorded voice on matters related to the COVID-19 pandemic be designated as calls made for emergency purposes and thus may be placed without the consent of the called party.
The FCC issued a public notice with a 45-day comment period, ending May 21, in response to the petition. However, financial institutions need the ability to contact their consumers now to notify them of important and often, time-sensitive information about branch hours and closings, payment deferrals, fee waivers, and other forms of relief. AFSA requests that the FCC issue a declaratory ruling on the Petition or provide other immediate relief.
This week, the American Financial Services Association submitted a letter to the FCC requesting immediate action regarding a petition that AFSA and other trade associations submitted last month.
In the petition the trades ask for an expedited… Read the rest
AFSA’s State Government Affairs (SGA) team yesterday submitted a comment letter regarding Massachusetts HD 5014, which would enact emergency financial protections and forbearance for consumers and small business during the COVID-19… Read the rest
This is part two of our AFSA Extra Credit Podcast series covering the COVID-19 pandemic.In this conversation, we’re speaking with David Anthony and Sadia Mirza, also with Troutman, on the overall impact of the virus, including debt… Read the rest
The news cycle continues to turn and with it comes more information about the coronavirus. Consumer finance companies, like ordinary Americans, are drinking from the firehose, trying to sift through what they need to know now to continue … Read the rest
The American Financial Services Association State Government Affairs (SGA) team yesterday published a COVID-19 state policy update white paper, the first of two covering state responses to the coronavirus outbreak.
The white paper provides… Read the rest
The next two episodes of the AFSA Extra Credit Podcast are a bit different. We talk with attorneys from Troutman Sanders about the impact coronavirus is having on the consumer credit industry. Throughout the conversation, our guests highlight… Read the rest
American Financial Services Association President and CEO Bill Himpler posted the following related to the current status of federal COVID-19 response lending policies.
Across the country, member companies of the American Financial … Read the rest
The American Financial Services Association has been in ongoing contact with officials at the White House, Federal Reserve, Treasury, the Small Business Administration, as well as Congress, regarding the various funding programs for … Read the rest
Join us on April 23 at 2:00 p.m. ET for Remote Work: Best Practices & Strategies, presented by Hudson Cook.
In the age of social distancing, “stay at home” orders, and designation of “essential” and “non-essential”… Read the rest
