The Consumer Financial Protection Bureau’s Office of Research has released a study on consumer credit card payment behavior. The study examines whether consumer pay off their balances monthly, retain a balance from one month to the next, keep an inactive credit card, or transition between any of the aforementioned states. The study breaks down the information by credit score band and geographically.
In reviewing the behavior of consumer with respect to their credit card debt, the study overlooks the benefits that consumers derive from traditional installment loans for debt consolidation. Such loans can help consumer completely pay off credit card or other debt in a stable and predictable manner.
The Consumer Financial Protection Bureau’s Office of Research has released a study on consumer credit card payment behavior. The study examines whether consumer pay off their balances monthly, retain a balance from one month to the… Read the rest
Join us July 25th at 2 p.m. ET for Opportunities in Used Vehicle Financing, presented by TransUnion.
Following years of rapid growth, waning demand for new vehicles coupled with an influx in off-lease vehicles is driving focus toward used … Read the rest
Following up on presentations made at AFSA’s May committee meetings, the AFSA Operations and Regulatory is creating the California Consumer Protection Act Working Group.
“The purpose of the group is to give AFSA members focused… Read the rest
AFSA submitted a letter to the Federal Trade Commission (FTC) on June 30 in response to the commission’s hearings on competition and consumer protection in the 21st century. The letter lays out the necessity for a “single, federal,… Read the rest
Join us July 25th at 2 p.m. ET for Opportunities in Used Vehicle Financing, presented by TransUnion.
Following years of rapid growth, waning demand for new vehicles coupled with an influx in off-lease vehicles is driving focus toward used … Read the rest
AFSA members in Florida scored a big win thanks to a coalition including Sonya Deen of JM Family, AFSA’s State Government Affairs team, and numerous AFSA members. The law, which goes into effect on January 1st, 2020, will enable lienholders… Read the rest
At the 2019 FTC PrivacyCon, a representative from Consumer Reports presented a paper on an effort to investigate and determine the privacy practices of large online platforms, such as what consumer data is collected, how it is used and how … Read the rest
This week, the House Subcommittee on Communications and Technology advanced the Stopping Bad Robocalls Act, bipartisan legislation co-sponsored by Energy and Commerce Committee Chairman Frank Pallone (D-NJ) and Ranking Member Greg … Read the rest
More than 50 leaders of the American Financial Services Association’s (AFSA) Vehicle Finance Division and the National Automobile Dealer Association’s (NADA) met this week in Washington, DC, to discuss opportunities and… Read the rest
The Federal Communications Commission (FCC) today published its call-blocking Declaratory Ruling and Third Notice of Proposed Rulemaking in the Federal Register. Comments will be due 30 days after publication and reply comments will … Read the rest
