The 2022 Independent Conference & Expo officially kicked off today in Palm Springs. Attendees participated in committee meetings and networking events beginning with the AFSAPAC President’s Club event on Monday. AFSA members stepped up BIG time to support the AFSAPAC and AFSA Education Foundation during the Fiesta Celebration and PAC Auction.
Wednesday saw plenty of informative sessions that tackled issues from federal and state activities to cultivating a rock star attitude. Conference Keynote, “Marvelless” Mark Kamp, gave our attendees the four Rockstar Principles (Chords) that would help improve business performance: Dreams, Change, Band, and Action.
The Policy Power Hour with AFSA’s Senior Vice Presidents Danielle Arlowe and Celia Winslow gave us insightful views on the goings on in Washington and in capitals around the country, drilling down on federal, state, and legal issues affecting the consumer credit marketplace.
AFSA’s Chief Economist, Perc Pineda, and Professor Tom Miller, Jr., of Mississippi State University outlined new data on the Illinois rate cap and consumer credit trends that have been shaping the national economy. A notable stat: personal savings rates from 2015 to 2021 increased from 7.6% to 12.0% despite an economic turndown.
We closed Wednesday with a stacked CEO panel featuring Rex Ellison, President and CEO of Republic Finance, LLC, Ginger Herring, President and CEO of 1st Franklin Financial and Dan Walters, CEO of Credit Central, LLC,. AFSA President & CEO Bill Himpler, President and CEO moderated the discussion.
These industry leaders shared their insights on how they’ve adapted their management and operations within the past year due to the changing consumer and economic environments.
The ultimate responsibility of a leadership team is to provide a sense of calm during a time of uncertainty to both the customer and team members.
We’ll review Thursday’s sessions and go deep on each in the AFSA Blog and Capital Notes over the next few weeks.
Didn’t get to attend the conference? Session recordings and materials will be available for purchase in the next few weeks. Keep an eye on Capital Notes and the blog for more detail.
Wisdom in the Desert
May 04, 2022
The 2022 Independent Conference & Expo officially kicked off today in Palm Springs. Attendees participated in committee meetings and networking events beginning with the AFSAPAC President’s Club event on Monday. AFSA members stepped… Read the rest
May Featured Business Partner | Fortegra
May 02, 2022
The featured Business Partner for the month of May is Fortegra. Learn more at fortegra.com.
What are some key initiatives for your clients in 2022 that you are planning to support?
Fortegra client partnerships are exceptionally strong and… Read the rest
WATCH TOMORROW | Transcend the Traditional: The Future of Payments
Apr 27, 2022
Join us on April 28, 2022 for Transcend the Traditional: The Future of Payments, sponsored by REPAY.
The future of payments is here and there is no time to waste. Omni-channel bill pay options are necessary in today’s environment, but… Read the rest
CFPB Invokes Authority to Regulate Nonbank Financial Companies
Apr 26, 2022
In a press release, the CFPB has announced that “it is invoking a largely unused legal provision to examine nonbank financial companies that pose risks to consumers.”
Under the Dodd-Frank Act, the CFPB has broad supervision authority, including:… Read the rest
Talking Recruitment at Independents
Apr 24, 2022
Are you joining us in La Quinta next week?
All attendees are welcome to join AFSA’s D&I Working Group to hear from Dr. Thela Thatch about an a key business issue – recruitment. Dr. Thatch is a consultant with Rework Work. Their team … Read the rest
LISTEN | Darren Woodson Huddles with the Extra Credit Podcast
Apr 21, 2022
The great Darren Woodson stops by the Extra Credit Podcast in advance of his appearance at the 2022 Independents Conference & Expo. He’ll speak to attendees during the Champions Club session on Thursday, May 5th, sponsored by … Read the rest
The Only Economics Panel You’ll Ever Want to Attend
Apr 18, 2022
If there is only one economic-study panel you will ever attend, this is the one you’ve been waiting for! Prof. Tom Miller will release his year-long Illinois rate cap study and AFSA Chief Economist Perc Pineda will provide updated data on consumer… Read the rest
AFSA Letter on CFPB Proposed Updates to Proceedings Rules
Apr 14, 2022
On April 8, AFSA submitted a letter to the Consumer Financial Protection Bureau (CFPB) regarding proposed updates to its Rules of Practice for Adjudication Proceedings. In our letter, we express concern that the Rules of Practice for Adjudication… Read the rest
Make Sense of the Midterms w/ Tom Bevan
Apr 13, 2022
AFSA Responds to CFPB RFI on Fees
Apr 13, 2022
Last week, AFSA responded to a Request for Information (RFI) from the Consumer Financial Protection Bureau (CFPB) concerning fees. Before addressing the substance of the issue, the letter takes issue with the Bureau’s investigation of … Read the rest