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AFSA Comments on Military Credit Monitoring

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This week AFSA submitted comments to the Federal Trade Commission (FTC) on a proposed rule to implement the credit monitoring provisions that Congress passed as part of the Economic Growth, Regulatory Relief, and Consumer Protection Act last year. The law requires nationwide consumer reporting agencies to provide free electronic credit monitoring service to active duty military consumers.

AFSA wrote that while it understands that the FTC wants to restrict “secondary” use and disclosure of information collected from active duty military consumers seeking to obtain free electronic credit monitoring service, “AFSA believes that the FTC should ensure that none of the restrictions prevent the study of the use of credit by members of the military.” Specifically, AFSA asked the FTC to: (1) ensure that its regulations would not prevent a study the effect the Military Lending Act regulations are having on credit availability, and (2) encourage the Department of Defense to conduct such a study.

AFSA Comments on Military Credit Monitoring
Jan 08, 2019

This week AFSA submitted comments to the Federal Trade Commission (FTC) on a proposed rule to implement the credit monitoring provisions that Congress passed as part of the Economic Growth, Regulatory Relief, and Consumer Protection ActRead the rest

AFSA expands staff roles in federal, state policy functions
Jan 03, 2019

WASHINGTON, Jan. 3, 2019- The American Financial Services Association (AFSA) today announced promotions reflecting expanded expertise and increased responsibilities in both its federal and state government policy functions.

CeliaRead the rest

Letter to the Editor of American Banker
Jan 02, 2019


January 2, 2019
Robert Blackwell
Editor-in-Chief
American Banker
SourceMedia LLC
One State Street Plaza, 27th Floor
New York, NY 10004

To the Editor,

A recent story published in American Banker (“Will Congress move to outlaw ‘live’… Read the rest

AFSA Publishes 2019 Legislative Preview and 2018 Review White Paper
Jan 02, 2019

Today, AFSA’s State Government Affairs department published its 2019 State Legislative Preview and 2018 Review white paper. Published monthly, AFSA’s state white papers typically provide a snapshot in time covering a single… Read the rest

Optimizing the Usage of Alternative Credit Data in Auto Finance
Jan 02, 2019

Join us on Tuesday, January 15, 2019 for Optimizing the Usage of Alternative Credit Data in Auto Finance, presented by Clarity/Experian.

The drive to approve as many consumers as possible and boost revenue can leave auto lenders vulnerable… Read the rest

AFSA supports bureau’s changes to HMDA
Dec 31, 2018

The Consumer Financial Protection Bureau (CFPB) last week announced that it will require mortgage lenders to publicly release fewer details under the Home Mortgage Disclosure Act (HMDA) starting in 2019. AFSA has previously advocated Read the rest

Happy Holidays
Dec 21, 2018

The AFSA offices will be closed on December 24th & December 25th. AFSA offices will also be closed on Monday, December 31st.

On behalf of the staff at AFSA, we wish you a very joyous holiday and a happy New Year!… Read the rest

2019 Webinar Slate Filling Quickly
Dec 20, 2018

The year may be closing, but the AFSA Webinar Series is rolling right into the new year with a full slate of programs.

  • Optimizing the Usage of Alternative Credit Data in Auto Finance, presented by Experian | Tues. Jan 15, 2019 at 2:00 p.m. ET
  • ADA
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Just One Month until the 2019 Vehicle Finance Conference & Expo!
Dec 20, 2018

As 2018 continues to tick down toward the new year, we edge closer to the premier event for the vehicle financing community. The 2019 AFSA Vehicle Finance Conference & Expo will be held from January 22-24, 2019 at the Hilton Union Square… Read the rest

Welcome New & Returning Members
Dec 19, 2018

AFSA would like to welcome the following new members to the association:

Davis Wright Tremaine is a law firm of approximately 550 lawyers in eight offices across the United States. The Consumer Financial Services team advises market-leading… Read the rest

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