The American Financial Services Association‘s members have for more than a century believed that their success was built on the personal, face to face relationships they have built with their customers, sometimes generations of customers. But over the past few months, AFSA’s Work from Home Initiative has been pushing for greater work from home flexibility for the consumer credit industry since the pandemic.
To date, AFSA has submitted 21 letters in 18 states advocating for greater flexibility for members of the consumer credit industry to establish work from home policies for their employees. Several more are currently under review by state associations.
Current law in most states require all consumer credit transactions to be conducted at the licensed place of business. The goal of this sustained effort is to extend and expand all work from home opportunities for AFSA members in all areas of consumer credit, as long as a high standard of consumer privacy, data security, and employee supervision is met.
AFSA continues to submit letters and meet with state regulators to ensure that a good balance between employee safety and access to high-quality credit is established nationwide.
AFSA’s Work from Home Initiative is seeking input from as many members as possible. If you are interested in joining contact Danielle Fagre Arlowe, Senior Vice President. All of the letters, along with AFSA’s comprehensive database of resources, are available on the AFSA website.
The American Financial Services Association‘s members have for more than a century believed that their success was built on the personal, face to face relationships they have built with their customers, sometimes generations of customers.… Read the rest
We know you’ve missed gathering with new customers; Let AFSA help strengthen your connection to the consumer finance industry!
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In the latest episode of the AFSA Extra Credit Podcast, we talk with Andrea Cottrell, Associate with Hudson Cook LLP. Andrea works with financial service providers on compliance with federal and state regulations and consumer protection… Read the rest
The Consumer Financial Protection Bureau today announced that it will host a symposium to discuss the cost-benefit analysis of financial protection regulations on July 29 at 9:30 a.m. AFSA staff will attend.
“The symposium is intended to… Read the rest
Last week, the Federal Communications Commission (FCC) approved further rulemaking that would clarify that telephone companies are prohibited from imposing a charge on callers for removing erroneous call blocks and must implement a … Read the rest
The American Financial Services Association (AFSA) sent a letter yesterday to Senate Majority Leader Mitch McConnell (R-KY) and Minority Leader Charles Schumer (D-NY) requesting that the following measures be included in the Senate pandemic… Read the rest
What Should We Expect? Federal & State Issues
There couldn’t be a more timely session on issues facing our industry. Join this session for an informative discussion on the latest federal, state, and legal issues affecting the financial… Read the rest
The American Banker reported on Sunday (July 19) what AFSA has been saying for years – banks aren’t making, and don’t want to make, small-dollar loans.
In the article, Uncertainty About CFPB Has Banks Leery of Small-dollar Lending, author… Read the rest
The American Financial Services Association (AFSA) is saddened to learn of the passing of Mr. Joseph Shuler on July 16.
Mr. Schuler began working at the Florida Department of Financial Services at the age of 18 as a mailroom clerk. Over the next… Read the rest
Join us on July 30 at 2:00 p.m. for Three Strategies From Survive to Thrive: How to Come Out On Top Post-Covid presented by SourceLink.
Given the world in which we currently live, companies can no longer return to a static plan. What’s … Read the rest
