The American Financial Services Association (AFSA) yesterday announced that its Board of Directors elected a new chairman, chair-elect and vice chairman-treasurer for the next 12 months. The appointments were made at the close of the 2019 AFSA Annual Meeting in Nashville, Tenn.
Dan Chait, President, Southeast Toyota Finance was elected the new Chairman of the AFSA Board. He takes the gavel from outgoing board chair Josh Johnson, CEO of Mariner Finance Co. who completed his one-year term. Chait has been on the AFSA Board of Directors since 2015. He currently serves on the AFSA Executive Committee, Vehicle Finance Board and AFSA Investment Policy Committee.
Tom Hudgins, President & COO, Western Shamrock Corporation, San Angelo, Texas, was elected chair-elect of the AFSA Board and will succeed Chait in 12 months. Tom has been a member of the AFSA Board of Directors since 2014 and has been a member of the Executive Committee since 2015. He also serves on the AFSA Investment Policy Committee, Operations Committee, Installment Lending Technology Task Force and on the AFSA State Government Affairs Committee and several of its subcommittees. He is the former chairman of the National Installment Lenders Association.
Jim Drotman, Executive Vice President, U.S. & Canada, Ford Motor Credit Company, was elected vice chair – treasurer.
The American Financial Services Association (AFSA) yesterday announced that its Board of Directors elected a new chairman, chair-elect and vice chairman-treasurer for the next 12 months. The appointments were made at the close of the 2019… Read the rest
In this episode of the AFSA Extra Credit Podcast, we speak to Rex Ellison, President & CEO of Republic Finance and Chairman of the AFSA Education Foundation.
Rex shares with us some best practices for building a successful traditional… Read the rest
AFSA last week commented on the Department of Housing and Urban Development’s (HUD) proposed rule amending its interpretation of the Fair Housing Act’s disparate impact standards. Specifically, HUDs proposed rule changes… Read the rest
Two consumer–credit industry executives were honored with the 2019 American Financial Services Association (AFSA) Distinguished Service Award (DSA) today at AFSA’s 2019 Annual Meeting in Nashville.
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The AFSA Extra Credit Podcast is a quick take on the consumer credit industry from the professionals who work in it every day. In the inaugural episode of the AFSA Extra Credit Podcast, we’re talking with AFSA President & CEO … Read the rest
The Financial Accounting Standards Board yesterday unanimously delayed implementation of the Current Expected Credit Loss accounting standard until 2023 for most financial institutions. Banks that file with the Securities and Exchange… Read the rest
For months, the American Financial Services Association and other financial-services industry partners have urged the Financial Accounting Standards Board (FASB) to delay implementation of the new Current Expected Credit Loss (CECL)… Read the rest
On Tuesday, October 15, the American Financial Services Association submitted a comment letter on the Consumer Financial Protection Bureau (CFPB)’s Advanced Notice of Proposed Rulemaking amending the October 2015 final rule on… Read the rest
The AFSA Annual Meeting is next week and this is our last program update! Are you joining us in Nashville? There's still time to register and hear from Michael Marx, Senior Director of Reasearch and Insights at Visa on creating products … Read the rest
On October 9, 2019, House Financial Services Chair Maxine Waters (D-CA) announced a new slate of committee hearings and markups. One notable session, scheduled for October 16, 2019, is entitled, “Who is Standing Up for Consumers? … Read the rest
