AFSA’s State Government Affairs (SGA) team recently sent a comment letter to the Texas Supreme Court regarding proposed amendments to the Texas Rules of Civil Procedure that would permit electronic service of citation by social media, email, or other technology. In the letter, AFSA voiced its concerns regarding these amendments, arguing that electronic service should be available only as a last resort. As written, the rules would pose an undue regulatory challenge for businesses due, in part, to how companies manage social media accounts and a lack of specificity regarding service of an official business account rather than those of individual employees, both of which would make it difficult to ensure proper receipt of service. Given these concerns, AFSA argued that the rule should be limited to non-business entities. If the Supreme Court does not decide to exclude businesses, AFSA alternatively proposed changes to the rules that would clarify additional requirements regarding service of business entities.
This comment letter can be found on AFSA’s coronavirus resources page as well as the SGA direct advocacy page.
AFSA Comments on Electronic Service
Dec 09, 2020
AFSA’s State Government Affairs (SGA) team recently sent a comment letter to the Texas Supreme Court regarding proposed amendments to the Texas Rules of Civil Procedure that would permit electronic service of citation by social media, email,… Read the rest
AFSA Education Foundation 2020 – A Year to Remember
Dec 08, 2020
As we approach the close of 2020, I want to provide an update on the many successes of the AFSA Education Foundation. Most importantly, I thank our AFSA members for their support.
In 2020, the foundation marked its 30th anniversary. To celebrate… Read the rest
AFSA Comments on Equal Credit Opportunity Act
Dec 04, 2020
This week, AFSA responded to the Consumer Financial Protection Bureau’s (CFPB) request for information (RFI) on identifying ways to prevent credit discrimination under the Equal Credit Opportunity Act (ECOA) and expand access to credit… Read the rest
Congressional Panels Urge the Administration to Simplify PPP Loans
Dec 03, 2020
This week, Federal Reserve (Fed) Chairman Jerome Powell and U.S. Treasury Secretary Steven Mnuchin testified before the Senate Banking Committee and House Financial Services Committee to discuss the federal government’s response to … Read the rest
Federal Banking Agencies Urge Banks to Transition Away From LIBOR
Dec 02, 2020
This week, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation issued a statement encouraging banks to transition away from the U.S. dollar (USD)… Read the rest
TOMORROW | AUTO LOAN ACCOMMODATIONS: INSIGHTS FROM THE PAST, APPLICATIONS FOR THE PRESENT
Dec 02, 2020
Join us TOMORROW at 2:00 p.m. ET for Auto Loan Accommodations: Insights from the Past, Applications for the Present, presented by TransUnion
The COVID-19 pandemic significantly impacted consumers and businesses, and the auto industry… Read the rest
December Featured Business Partner: Dealertrack
Dec 01, 2020
The featured business partner for the month of December is Dealertrack.
Dealertrack provides innovative technology that is critical to the success of any automotive dealership or lending institution. Our unmatched product suite fosters… Read the rest
Jonathon Levin & Rhonda Ashburn on the Importance of Financial Education
Dec 01, 2020
In this episode of the AFSA Extra Credit Podcast we talk with Jonathon Levin, CEO of Turner Acceptance about what his company has done to maintain high quality customer service during the COVID-19 pandemic. He also shared some of the important… Read the rest
Happy Thanksgiving
Nov 26, 2020
In observance of the Thanksgiving holiday, AFSA will be closed on Thursday, November 26 & Friday, November 27. As always, the AFSA team will remain vigilant and will keep you informed of any breaking news of import to the industry.
From … Read the rest
AFSA, Trades Meet with FCC on Call-Blocking
Nov 24, 2020
This week, the American Financial Services Association (AFSA) and industry trade associations met with the Federal Communications Commission’s (FCC) Consumer and Governmental Affairs Bureau regarding proceedings before the FCC arising… Read the rest