This past week, AFSA’s state government affairs team sent a letter to the Texas House of Representatives expressing support on HB 3389. The bill would amend state law that would improve efficiency in the vehicle finance industry. Under the bill, financial institutions would be able to claim a refund of motor vehicles sales taxes paid on uncollectable or charged off accounts. These changes would provide lenders a method for recovering uncollected sales taxes and limit losses in vehicle financing transactions. Ultimately, this would increase the ability of lenders to provide credit to Texas consumers, who will have an easier time securing credit and affording the vehicles they rely on in their daily lives.
SGA also recently sent letters on California rulemaking, Colorado HB 1229, Florida SB 564, Illinois HB 3326, Oregon HB 2008, and Texas SB 1083. These letters, along with SGA’s other comment letters and testimonies, can be found on the SGA direct advocacy section of AFSA’s website.
This past week, AFSA’s state government affairs team sent a letter to the Texas House of Representatives expressing support on HB 3389. The bill would amend state law that would improve efficiency in the vehicle finance industry. Under the… Read the rest
AFSA’s Senior Vice President Danielle Fagre Arlowe recently testified before the Oregon House Committee on Rules on HB 2008. The bill would make changes to state law related to debt collection. In her testimony, Arlowe expressed concern … Read the rest
AFSA signed a joint trade urging the Senate Banking Committee to introduce legislation to limit the threat credit repair scams pose to consumers and credit markets.
As several state and federal regulators have warned, credit repair organizations… Read the rest
Today, AFSA commented on the CFPB’s proposal to radically reduce the safe harbor dollar amount for late fees. AFSA asked the CFPB not to proceed with rulemaking, as the proposal fundamentally misunderstands the role of late fees, would negatively… Read the rest
AFSA’s State Government Affairs team published it’s May white paper focusing on algorithms, artificial intelligence, and automated decisionmaking.
Artificial intelligence (AI) and algorithms have transformed numerous… Read the rest
The featured Premier Business Partner for May is RSM.
RSM US LLP is the leading provider of audit, tax and consulting services focused on the middle market, with 9,000 people in 90 offices nationwide. Our full range of services help specialty… Read the rest
Economic growth slowed sharply in first quarter of 2023; consumer spending held solid, but for how much longer?
The Bureau of Economic Analysis’ advance estimate of real GDP for the first quarter of 2023 showed an increase of 1.1 percent compared… Read the rest
In this edition of the AFSA Extra Credit Podcast, Dan chats with Melinda Zabritski, Senior Director for Experian’s automotive financial services team. She swings by to give listeners a look into what we can glean from Experian’s… Read the rest
Join us TOMORROW April 27 at 2:00 p.m. ET for Voluntary Protection Products – Lender Best Practices to Address the Compliance Risk presented by F&I Sentinel.
Over the last several years, scrutiny placed on lenders in connection with … Read the rest
This week, AFSA submitted a comment letter to House Financial Services Committee Chair Rep. Patrick McHenry (R-NC) and Ranking Member Rep. Maxine Waters (D-CA) supporting the Consumer Financial Protection Bureau (CFPB) Transparency … Read the rest
