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Two Consumer Credit Executives Recognized for Distinguished Service

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Two consumercredit industry executives were honored with the 2019 American Financial Services Association (AFSA) Distinguished Service Award (DSA) today at AFSA’s 2019 Annual Meeting in Nashville.

The association’s highest honor, the DSA is awarded to individuals who have contributed significantly to the industry and AFSA‘s growth on a national level, advanced the association’s mission and objectives, and elevated its image.

Greg Hamby | WATCH VIDEO

Greg serves as the Senior Director of Business Development at SourceLink. He began his career working for L.M. Berry & Company in 1986, which was acquired by Bellsouth Advertising & Publishing Company three months later. He worked for BellSouth for nine years until he was hired by SourceLink in May of 1995.

Greg has been a member of AFSA’s Business Partner Board since 2005 and currently serves as Chairman, leading the group through an important period of development, as the industry adapted to new federal regulations and business practices. Moreover, he worked with the committee to adapt as the industry continues its digital transformation. While at the same time serving on AFSA’s Board of Directors, helping shape policy and direction for the association, Hamby is a mainstay at AFSA conferences and readily shares his years of experience with everyone.

He holds a BA in Business Administration with a minor in marketing from the University of Southern Mississippi. Greg has been married to his wife Debbie for 30 years and has two children, Trace and Ashley, as well as, a new son-in-law, Dr. Doug Horaist.

Charlie Pearce | WATCH VIDEO

Charlie Pearce serves as the Chief Legal Officer, Corporate Secretary and Chief Compliance Officer for Credit Acceptance Corp. He joined Credit Acceptance in 1996, after a career in private practice with Rhoades, McKee.

Since Credit Acceptance joined AFSA a decade ago, Charlie has helped leadership to assess and respond to the many challenges that confronted the industry in recent years. The passage of the DoddFrank Act in 2010 and the creation of the Consumer Financial Protection Bureau (CFPB) in 2011 opened a new era of regulatory challenges. In the midst of this new era, Charlie was part of the AFSA team that held early meetings with the newly formed CFPB in an attempt to bring some clarity to the path forward. In 2018 he was appointed to a two-year term as Chair of the AFSA Law Committee. He also sits on the AFSA Board of Directors and the Vehicle Finance Advisory Board.

Charlie holds a BA in Public Law from Western Michigan University and his JD from the University of Detroit School of Law. He and his wife Crista have four sons.

Two Consumer Credit Executives Recognized for Distinguished Service
Oct 22, 2019

Two consumercredit industry executives were honored with the 2019 American Financial Services Association (AFSA) Distinguished Service Award (DSA) today at AFSA’s 2019 Annual Meeting in Nashville.

The association’s

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LISTEN | Episode 1 of the AFSA Extra Credit Podcast
Oct 18, 2019

The AFSA Extra Credit Podcast is a quick take on the consumer credit industry from the professionals who work in it every day. In the inaugural episode of the AFSA Extra Credit Podcast, we’re talking with AFSA President & CEO Read the rest

FASB Approves Delay of CECL
Oct 17, 2019

The Financial Accounting Standards Board yesterday unanimously delayed implementation of the Current Expected Credit Loss accounting standard until 2023 for most financial institutions. Banks that file with the Securities and Exchange… Read the rest

Consumer Advocates, Industry Agree: CECL Should be Delayed
Oct 16, 2019

For months, the American Financial Services Association and other financial-services industry partners have urged the Financial Accounting Standards Board (FASB) to delay implementation of the new Current Expected Credit Loss (CECL)… Read the rest

AFSA Comments on HMDA Proposed Rule
Oct 15, 2019

On Tuesday, October 15, the American Financial Services Association submitted a comment letter on the Consumer Financial Protection Bureau (CFPB)’s Advanced Notice of Proposed Rulemaking amending the October 2015 final rule on… Read the rest

Gen Z: Your Future Customers & How to Reach Them
Oct 14, 2019

The AFSA Annual Meeting is next week and this is our last program update! Are you joining us in Nashville? There's still time to register and hear from Michael Marx, Senior Director of Reasearch and Insights at Visa on creating products Read the rest

CFPB Next to Get the House Financial Services Committee Treatment
Oct 11, 2019

On October 9, 2019, House Financial Services Chair Maxine Waters (D-CA) announced a new slate of committee hearings and markups. One notable session, scheduled for October 16, 2019, is entitled, “Who is Standing Up for Consumers? … Read the rest

Becerra Releases Proposed CCPA Regulations
Oct 10, 2019

Today, California Attorney General Xavier Becerra released the office’s long-awaited proposed regulations implementing the California Consumer Privacy Act (CCPA). AFSA previously submitted comments on behalf of its members,… Read the rest

AFSA Files Motion for Preliminary Injunction in NV Suit
Oct 09, 2019

Yesterday, AFSA filed a motion for a preliminary injunction in its lawsuit in federal court seeking to enjoin enforcement of the spousal credit history provisions of Nevada SB 311/Ch. 280. The motion is available here.

AFSA first filed suit… Read the rest

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