In The Hill today, AFSA President & CEO Bill Himpler lays out the need for the Pentagon to allow servicemembers to take advantage of Guaranteed Asset Protection, also known as a GAP waiver.
In the event of an accident, GAP covers the difference between what the insurer pays, its fair market value and the amount owed on the loan or lease. Under the Military Lending Act, servicemembers are not permitted to add GAP to their loan. Updating the MLA to allow servicemembers to use GAP insurance can help bring financial peace of mind to a group of consumers that need and deserve it most.
Read the full story at The Hill.
It’s Time to Fix the MLA
Jul 24, 2019
In The Hill today, AFSA President & CEO Bill Himpler lays out the need for the Pentagon to allow servicemembers to take advantage of Guaranteed Asset Protection, also known as a GAP waiver.
In the event of an accident, GAP covers the … Read the rest
The Clock is Ticking on the AFSA Summer Sale
Jul 23, 2019
Become a Business Partner Member today and start generating leads and winning customers in the consumer-finance industry. Enjoy a single rate for 2019 and 2020, plus a bonus worth $1,300.
Key Benefits of Business Partner Membership
- Access
CFPB Chief Highlights Resources Dedicated to Financial Education
Jul 19, 2019
Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger on Wednesday said in remarks to the Exchequer Club that she wants to find ways to collaborate with financial institutions to help people strengthen their finances
In … Read the rest
AFSA CEO Provides Industry Outlook to Up and Coming Leaders
Jul 18, 2019
AFSA President & CEO Bill Himpler this week spoke to the 31 attendees at the American Financial Services Association Education Foundation Leadership Development Program at the University of North Carolina, Chapel Hill.
The AFSAEF… Read the rest
Robocall Bill Clears Committee
Jul 17, 2019
The “Stopping Bad Robocalls Act” on Wednesday, July 17 passed the full House Energy and Commerce Committee by a bipartisan 48-0 vote. The purpose of the bill is to reduce illegal robocalls that harm and annoy consumers. The bill… Read the rest
FASB agrees on CECL Delay
Jul 17, 2019
The Financial Accounting Standards Board (FASB) today voted to propose a delay in the implementation deadline of the new Current Expected Credit Loss (CECL) accounting standard for all private companies and for small public companies.… Read the rest
Regulators, Executives, Consumer Advocates Agree on Need for Data Privacy Standard
Jul 15, 2019
AFSA this week attended the US Chamber of Commerce’s Data Done Right Conference, where elected officials, chief regulators, business executives, and leaders of consumer privacy groups spoke about the state of data privacy today … Read the rest
Webinar Will Help Set Strategy for Used-Vehicle Financing
Jul 12, 2019
Join us July 25th at 2 p.m. ET for Opportunities in Used Vehicle Financing, presented by TransUnion.
Consumer demand for new vehicles has begun to wane, following years of rapid growth. This, coupled with an influx in off-lease vehicles, is… Read the rest
Settlement Highlights Need for Consumer Education
Jul 11, 2019
Yesterday’s announced settlement by the Consumer Financial Protection Bureau (CFPB) with a well-known debt-settlement provider – along with several other recent actions by the CFPB and the FTC against debt-settlement firms… Read the rest
CFPB Symposium Highlights Need for “Abusive” Standard
Jul 11, 2019
The Consumer Financial Protection Bureau (CFPB) on June 25 held the first in its evolving symposia series, dealing with the term “abusive” and if the Bureau should use its rulemaking authority to further define the term. The … Read the rest