AFSA attended and participated in the Consumer Financial Protection Bureau (CFPB) Consumer Advisory Board meetings held June 5th and 6th in Washington. The focus of the meeting was on broad policy matters related to the Bureau’s Unified Regulatory Agenda and general scope of authority. Sessions included information exchange on trends I the consumer reporting marketplace and discussion of the 2018 Consumer Response Annual Report, among many other topics.
Of particular interest to AFSA members was the Combined Advisory Committee Roundtable discussion on the Notice of Proposed Rulemaking (NPRM) on debt collection. John McNamara, Assistant Director, Consumer Lending, Reporting and Collections Markets and Kristin McPartland, Counsel, Office of Regulations, both from the CFPB, presented. Director Kraninger also spoke.
A compilation of the presentations are available here.
AFSA attended and participated in the Consumer Financial Protection Bureau (CFPB) Consumer Advisory Board meetings held June 5th and 6th in Washington. The focus of the meeting was on broad policy matters related to the Bureau’s Unified… Read the rest
Ajit Pai, Chairman of the Federal Communications Commission (FCC) yesterday announced that proposed rules governing robocalls would likely contain a “safety valve” in order to ensure that legitimate businesses like financial… Read the rest
Each year since the mid-1980s, the AFSA Education Foundation offers two important enrichment programs for employees of member companies. Registration for the 2019 edition of The EDGE program is now closed. However, there’s still… Read the rest
This week, AFSA’s State Government Affairs Team published their white paper on state payday lending databases. Many states have passed laws requiring payday lenders to submit information about their customers to a database system.… Read the rest
Join us today at 2 p.m. ET for Repo on the Rise: 3 things for motor vehicle lenders to consider today.
Every motor vehicle lender eventually hits a few bumps and potholes in the road when a debtor defaults on their car or truck loan. Not only is this… Read the rest
Consumer preference trends are having a significant impact on the auto industry. Manufacturers are adapting to these preferences while also making vehicles that are more durable as well as preparing for environmental regulations. These… Read the rest
The following is a follow-up from a webinar hosted by PayNearMe. For more information about AFSA Webinars click here.
When two things are closely related, we tend to trick ourselves into thinking the two are interchangeable. Wash your hands… Read the rest
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… Read the rest
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
