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AFSA Submits Letter to OMB on CFPB Policies

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AFSA on May 23 submitted a letter to the Office of Management & Budget (OMB) commenting on the joint standards for assessing diversity policies and practices. The letter specifically addresses the Consumer Financial Protection Bureau’s (CFPB) approval to revise an existing information collection entitled, “Joint Standards for Assessing the Diversity Policies and Practices.” This notice also included a lengthy voluntary diversity self-assessment form.

AFSA strongly supports diversity and inclusion in management, employment and business practices and applauds federal agencies for encouraging and foster inclusion. The letter notes, however, that the association is concerned about the voluntary nature of the assessment form. The letter seeks to clarify the language used in the form, while ensuring that appropriate information regarding diversity and inclusion is appropriately gathered.

AFSA Submits Letter to OMB on CFPB Policies
May 27, 2019

AFSA on May 23 submitted a letter to the Office of Management & Budget (OMB) commenting on the joint standards for assessing diversity policies and practices. The letter specifically addresses the Consumer Financial ProtectionRead the rest

New Proposed Rate Caps Would Create Adverse, Unintended Consequences
May 22, 2019

The following is an op-ed by AFSA President and CEO Bill Himpler on new proposals and discussions to cap interest rates.

In Washington it’s not uncommon to have policy proposals that lack common sense. The same can be said for well-intentioned… Read the rest

AFSA Highlights Negative Effects of CECL for House Financial Services Committee
May 16, 2019

AFSA yesterday submitted a comment letter to House Financial Services Committee Chairwoman Maxine Waters (D-CA) and Ranking Member Patrick McHenry (R-NC) in advance of today's hearing entitled Oversight of Prudential Regulators:… Read the rest

AFSA Highlights Installment Loans Before OGR Hearing
May 15, 2019

AFSA yesterday submitted a letter to House Committee on Oversight and Government Reform Chairman Elijah Cummings (D-MD) and Ranking Member Jim Jordan (R-OH) in advance of a hearing entitled CFPB’s Role in Empowering Predatory Lenders:Read the rest

Many choices to consider when selecting marketing, media partners
May 14, 2019

When companies develop marketing strategies for brand and product awareness they will need to consider many forms of media to carry their messages.

But no matter which type of media they choose to make an impact, the right message must be servedRead the rest

Repo on the Rise: 3 things for motor vehicle lenders to consider today
May 13, 2019

Join us on May 30 at 2:00 p.m. ET for Repo on the Rise: 3 things for motor vehicle lenders to consider today, presented by Wolters Kluwer

Every motor vehicle lender eventually hits a few bumps and potholes in the road when a debtor defaults on their… Read the rest

In Memory of Dr. Lewis Mandell, Author of MoneySKILL®
May 10, 2019

It is with great sadness that we inform you of the passing of Dr. Lewis Mandell, author of MoneySKILL.

Dr. Mandell was a financial economist with a research specialization in financial literacy and a teaching specialization in investmentsRead the rest

AFSA Attends CFPB Town Hall on Proposed Debt Collection Rule
May 09, 2019

Call limits were the most discussed issue at the Consumer Financial Protection Bureau’s (CFPB) May 9 Town Hall on debt collection in Philadelphia. Also discussed were; whether consumers should be able to opt-in to communications … Read the rest

AFSA Submits Letter to FSGG re: TCPA
May 07, 2019

On Monday, AFSA submitted a letter to the Financial Services and General Government Subcommittee of the Senate Appropriations Committee. The letter was submitted in advance of the hearing to determine the 2020 fiscal year budget for the … Read the rest

In Win for Industry, CA Court of Appeals Designates Lobel Opinion as Non-Publishable
May 03, 2019

The California Court of Appeals on Wednesday, submitted an unpublished opinion on the rehearing of Ron Miller Enterprises v. Lobel Financial Corporation, Inc. While Lobel Finance did not succeed in it's case, the fact that this opinion… Read the rest

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