The American Financial Services Association (AFSA) today released its 2020 Federal Priorities. America has a full history of evolving national consumer financial protection laws aimed at ensuring consumers are fairly and responsibly treated by financial institutions. Some 22 different federal laws, spanning eight different agencies, create a layered system of laws that protect consumers. The steady progression of these laws promotes a rich and diverse economy where consumers have tremendous choice in accessing a myriad of credit products from a wide variety of sources. As our economy continues to evolve, our consumer finance laws must account for the needs of both consumers and business. With an eye toward improving our existing system, we offer the 2020 Federal Priorities to strengthen and improve the marketplace for today’s consumers.
AFSA Outlines 2020 Federal Priorities
Feb 06, 2020
The American Financial Services Association (AFSA) today released its 2020 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
Dangers of National Rate Cap Highlighted During House Financial Services Committee Hearing
Feb 06, 2020
Yesterday, February 5th, AFSA staff attended the House Financial Services Committee’s first of two hearings entitled, “Rent-A-Bank Schemes and New Debt Traps: Assessing Efforts to Evade State Consumer Protections and Interest… Read the rest
AFSA, Trades Submit Letter Urging for TCPA Clarification
Feb 05, 2020
The American Financial Services Association, joining a number of other trade associations representing a wide variety of industries, submitted a letter on February 5 to the Federal Communications Commission (FCC) urging it to clarify … Read the rest
AFSA Pulse Initiative Moving Forward
Feb 05, 2020
The AFSA Pulse initiative is moving forward with active engagement from several large auto finance companies. We are very excited about developing and refining the service to support AFSA Members and the association. With your input and … Read the rest
Session Spotlight | Data Privacy: Who’s in the Driver’s Seat?
Feb 03, 2020
Today’s connected cars and tomorrow’s autonomous vehicles demonstrate the commercial opportunities for collecting personal data. The questions: Who should control the use of that data? The company or the customer?
Tami … Read the rest
February Featured Partner | White Clarke Group
Feb 01, 2020
White Clarke Group is February’s Featured Partner.
White Clarke Group is an award-winning provider of loan origination, loan servicing, and floorplan finance software for the automotive, consumer and asset finance sectors. CALMS’… Read the rest
House Passes Credit Reporting Bill Unhelpful to Consumers
Jan 30, 2020
The American Financial Services Association is disappointed that Members of the House last night (January 29) approved H.R. 3621, “The Comprehensive CREDIT Act”, which actually harms the very consumers Congress claims to… Read the rest
LISTEN | Stan Butler on the AFSA Extra Credit Podcast
Jan 30, 2020
In this episode of the AFSA Extra Credit Podcast, we’re speaking with Stan Butler, President & CEO of Heights Finance. We talk a bit about the difference Stan sees in banks versus consumer credit companies like Heights. We also… Read the rest
AFSA Files Amicus Brief in Massachusetts Mortgage Case
Jan 28, 2020
The American Financial Services Association (AFSA), along with several other trade associations, submitted an amicus brief in Thompson v. JPMorgan Chase Bank on January 22, a case currently being heard in the Massachusetts Supreme Judicial… Read the rest
The Borrower’s Digital Lending Journey
Jan 27, 2020
Join us on February 20 at 2:00 p.m. ET for The Borrower’s Digital Journey, presented by REPAY.
Studies of customer feedback tell us that more and more customers prefer self-service options and value flexibility and convenience when… Read the rest