Earlier this year the Consumer Financial Protection Bureau (CFPB) convened a taskforce on federal consumer financial law. Its purpose: bringing together external experts to examine ways to harmonize and modernize federal consumer financial laws. This is a laudable goal and AFSA supports the creation of the taskforce.
This week AFSA provided recommendations to the taskforce, suggesting that it examine consumer demand for installment loans and how an “all-in” APR harms consumers. AFSA also advocated for modernizing certain consumer finance statutes and regulations and for increased federal and state coordination.
AFSA looks forward to reading the taskforce’s final report, which is expected in early 2021. This report will be the most comprehensive look at consumer credit since the National Commission on Consumer Finance issued its report in 1972.
AFSA Provides Guidance to CFPB Taskforce
Jun 04, 2020
Earlier this year the Consumer Financial Protection Bureau (CFPB) convened a taskforce on federal consumer financial law. Its purpose: bringing together external experts to examine ways to harmonize and modernize federal consumer financial… Read the rest
WEBINAR | Auto Lending Economic Outlook & Digital Strategies for Risk Mitigation Behind the Deal
Jun 04, 2020
Cox Automotive Chief Economist Jonathan Smoke returns on June 18th at 2:00 p.m. ET to keep lenders apprised of market conditions and financial predictions – particularly with off-lease inventory expected to surge and used retail … Read the rest
AFSA SGA June Whitepaper is Posted
Jun 03, 2020
The June State Government Affairs white paper is an update of our evergreen white paper examining federal regulation of financial institutions. Consumer advocates often characterize certain financial products as "unregulated”… Read the rest
Join AFSA’s AdvantEDGE Affinity Program
Jun 03, 2020
As the American economy begins to slowly reopen, the American Financial Services Association is pleased to announce another way to help members manage their business and defray some of the day-to-day costs of supporting the communities … Read the rest
WEBINAR TODAY | Minimizing Legal Exposure Upon Return to the Workplace
Jun 02, 2020
This discussion will differ from the many materials you are, no doubt, receiving in recent weeks. Rather than giving you a list of best practices or general considerations, we will provide a detailed legal framework that lawyers and human … Read the rest
LISTEN | AFSA: Locked in During Lockdown on the Extra Credit Podcast
Jun 01, 2020
In this episode of the AFSA Extra Credit Podcast we talk with Danielle Fagre Arlowe, the head of AFSA's State Government Affairs team, about what AFSA's been doing on the state front to advocate for members and the variety … Read the rest
Legal Considerations for Return to Work Webinar
May 28, 2020
This discussion will differ from the many materials you are, no doubt, receiving in recent weeks. Rather than giving you a list of best practices or general considerations, we will provide a detailed legal framework that lawyers and human … Read the rest
AFSA Asks Senate to Help Consumers
May 28, 2020
The American Financial Services Association (AFSA) yesterday sent a letter to Senate Majority Leader Mitch McConnell (R-KY) and Minority Leader Chuck Schumer (D-NY) asking that the Senate explore several measures that would help consumers… Read the rest
WEBINAR TODAY | Counseling Solutions as Another Early Intervention Tool
May 28, 2020
Join us on today at 2:00 p.m. ET for Counseling Solutions as Another Early Intervention Tool, presented by Money Management International.
Money Management International (MMI) will provide an overview of currently available counseling… Read the rest
Auto Lending Economic Outlook & Digital Strategies for Risk Mitigation Behind the Deal
May 27, 2020
Join us on June 18th at 2:00 p.m. as we pick up where last month’s strategy discussion with Cox Automotive Chief Economist Jonathan Smoke left off.
Smoke will keep lenders apprised of market conditions and financial predictions –… Read the rest