The American Financial Services Association (AFSA) held its annual Installment Lenders Summit and Congressional Fly-in this week as 22 executives from 16 companies visited Congressional offices on Capitol Hill.
AFSA members visited a variety of Senate offices and House offices. Most AFSA members visited four offices Wednesday afternoon. Many other associations and groups were also visiting their Congressional reps as the “halls of Congress” were packed with visitors, lobbyists and staff people.
The main purpose of the Congressional visits was the education of members of Congress and their staffs on the benefits of traditional installment lending and its positive economic impact for their constituents and their communities.
But the education went beyond members of Congress to include the Consumer Financial Protection Bureau (CFPB) and representatives of the Trump Administration’s National Economic Council (NEC).
Kathy Kraninger, the recently-confirmed Director of the CFPB, attended the Summit’s Wednesday morning program which included speakers and presentations from inside and outside of AFSA.
Kraninger’s “Listening Session” focused on AFSA member executives walking her through their business models, and the numbers of employees, branches and states they operate in, plus general reasons why they’ve been successful in making small loans for generations.
The American Financial Services Association (AFSA) held its annual Installment Lenders Summit and Congressional Fly-in this week as 22 executives from 16 companies visited Congressional offices on Capitol Hill.
AFSA members visited … Read the rest
John McNamara, Assistant Director of Consumer Lending, Reporting, and Collections Markets with the Consumer Financial Protection Bureau (CFPB) will address attendees at the 2019 Law & Compliance Symposium, March 5-7 in Ft. Lauderdale,… Read the rest
Join AFSA on Feb. 27 at 2 p.m. ET for the webinar, “Optimize your acquisition strategy and elevate profits,” presented by Experian. The capabilities of today’s technologies, backed by real-time data updates make it possible… Read the rest
AFSA this week submitted three comment letters to federal agencies.The first letter is in response to the Federal Deposit Insurance Corp.’s (FDIC) request for comment on the agency’s process for approving new state chartered… Read the rest
AFSA’s State Government Affairs department this month published its Municipal Zoning Restrictions white paper. AFSA’s white paper takes an in-depth look at recent activity by municipalities seeking to regulate small loan… Read the rest
AFSA met with Jelena McWilliams, the Chairman of the FDIC, this week. AFSA raised several key issues with the Chairman, including: the lingering effects of Operation Choke Point, how the Military Lending Act (MLA) limits the availability… Read the rest
Among the many panels of subject matter experts at the recent AFSA Vehicle Finance Conference tackling the latest technology topics facing the industry, the subject of Blockchain drew a standing room only crowd of execs looking for information… Read the rest
The AFSA Board of Directors recently approved the nominations of three executives to replace three board members, all of whom recently retired.
Susan Bridges, Chairman of the Board of Security Finance Corporation of Spartanburg, S.C., … Read the rest
The American Financial Services Association is pleased to announce the addition of Toni-Lewis Bennett as Vice President of Member Services & Engagement. Lewis-Bennett was hired following the departure of Sheilah Harrison who… Read the rest
The American Financial Services Association (AFSA) Monday announced that its board of directors has elected Dan Chait, President of Southeast Toyota Finance, as the new chair-elect of the AFSA board.
Chait has been on the AFSA Board of Directors
… Read the rest
