The second podcast in AFSA’s recently-launched AFSA Today series is available at afsaonline.org/podcasts.
In this podcast, AFSA’s Jack Ferry, Vice President of Communications, interviews Bill Himpler, AFSA’s Executive Vice President and a Capitol Hill veteran, who leads AFSA’s Federal Government Relations team.
Himpler discusses the top issues on Capitol Hill affecting AFSA members from the Military Lending Act to activity at the Bureau of Consumer Financial Protection.
Among other topics, Himpler gives perspective on the bureau’s announcement last week, with four other federal agencies, on the role of supervisory guidance and how it does not have the “force and effect of law” and what that means for AFSA member companies.
“Traditionally, regulators have used guidance to answer questions from industry and industry has used guidance to operate in a regulatory framework,” Himpler says. “But when the BCFP issued Vehicle Finance Guidance under former Director Richard Cordray, it created a whole new policy on how dealers are compensated for arranging vehicle financing. The announcement last week was a breath of fresh air.”
That guidance was rescinded last year by a vote in the Senate under the Congressional Review Act (CRA).
The goal of the podcast is providing an additional communications channel to keep AFSA member companies informed on issues facing the consumer credit industry, ranging from the impact of federal and state legislation and regulation, to the rapid pace of technology, to the political landscape in Washington DC and around the nation.
This is an opportunity for AFSA to increase the value of membership in the association and also to increase the level of engagement with members.
The next podcast will be a conversation with Danielle Fagre Arlowe, AFSA’s Senior Vice President and head of the State Government Affairs team. She will cover hot-button issues at the state level affecting AFSA member companies.
The second podcast in AFSA’s recently-launched AFSA Today series is available at afsaonline.org/podcasts.
In this podcast, AFSA’s Jack Ferry, Vice President of Communications, interviews Bill Himpler, AFSA’s Executive… Read the rest
AFSA staff attended the Bureau of Consumer Financial Protection’s (BCFP) Building a Bridge to Credit Visibility Symposium on Sept. 17, the focus of which was using innovation to build economic opportunity.
The heads of several different… Read the rest
The Bureau of Consumer Financial Protection (BCFP) this week posted a blog saying it is emphasizing growing its state and local government relationships, as part of its Strategic Plan and Objectives for this year.
“The Bureau has strong… Read the rest
Today’s financial institutions understand the power of artificial intelligence to drive profitability in their businesses. Many lenders employ data science teams who are experimenting with machine learning. But the challenge… Read the rest
The Bureau of Consumer Financial Protection (BCFP) and four other federal agencies this week issued a joint statement explaining the role of supervisory guidance for regulated institutions, clarifying that guidance does not have the same… Read the rest
Despite the announcement last week that U.S. auto sales through August are tracking at an annual rate of 17 million units by year-end, certain economic headwinds are possible which would affect both auto manufacturers and lenders in the future.… Read the rest
The American Financial Services Association (AFSA) today launched a new communications channel for AFSA members and prospective members. AFSA Today, is AFSA’s first-ever podcast focusing on a discussion of issues relevant to the… Read the rest
AFSA will host a webinar on September 7 about the recently-passed California Consumer Privacy Act of 2018 (AB 375/Chapter 55) and the new requirements for financial institutions doing business in the state. Although the requirements will… Read the rest
Representatives from the Federal Reserve Banks of Kansas City and San Francisco discussed aspects of consumer complaint practices for banks on August 29. The webinar addressed how regulators use consumer complaints to gauge the adequacy… Read the rest
It’s the most wonderful time of the year…back to school!
From New York to California and Oregon to South Carolina, hundreds of instructors have recently registered to access MoneySKILL as part of the 2018-19 school year.… Read the rest
