This past week, AFSA’s State Government Affairs team sent a letter to the Pennsylvania House Commerce Committee expressing support for HB 1580.
This bill would permit specific personnel from licensed sales finance companies to engage in remote work. Facilitating remote work will benefit all parties involved, offering license holders greater flexibility in their staffing policies while maintaining the same level of secure services to the public. This flexible approach reduces real estate costs, broadens employment opportunities, fosters inclusivity, and enhances employee satisfaction, ultimately benefiting both the company and its customers.
With AFSA’s support, HB 1580 was approved unanimously by the House Commerce Committee on October 18.
This letter, along with SGA’s other recent letters, can be found on the direct advocacy section of AFSA’s website.
Pennsylvania HB 1580 – Remote Work
Oct 19, 2023
This past week, AFSA’s State Government Affairs team sent a letter to the Pennsylvania House Commerce Committee expressing support for HB 1580.
This bill would permit specific personnel from licensed sales finance companies to engage in… Read the rest
Lifting the Hood on New Auto Data
Oct 18, 2023
Cox Automotive reported that auto loan performance remained a mixed bag in September. Delinquency rates continued to rise but are not translating to higher defaults rates. The share of loans delinquent for 60 or more days increased for the… Read the rest
October White Paper | Consumer Complaints 2023 Update
Oct 16, 2023
AFSA’s State Government Affairs’ latest white paper is now available. This month’s white paper delves into top consumer complaints reported by states.
Consumer complaint information can serve as a valuable resource for financial… Read the rest
Business Partner Webinar | How to Retain Market Share Amid Declining Auto Originations
Oct 13, 2023
October 19, 2023 at 2:00pm EST
U.S. auto originations are largely trending down – 9.4% YoY decline – according to the TransUnion Q2 Credit Industry Insights Report. The rejection rate for auto loans rose to 14.2% in June 2023 from 9.1% in February… Read the rest
Rules Not Releases
Oct 12, 2023
Yesterday, the Consumer Financial Protection Bureau (CFPB) issued an advisory on what it calls “junk fees.” AFSA has long been engaged on this issue and has argued that the pejorative term “junk fees,” while sure to get headlines, fundamentally… Read the rest
Ep. 55 | Alternative Data Download w/ Equifax
Oct 12, 2023
In this edition of the AFSA Extra Credit Podcast, we chat with Lena Bourgeois, SVP & General Manager of Automotive & Insurance with Equifax about alternative data. It’s a term that gets thrown around a lot but Lena gives us the download… Read the rest
Business Partner Webinar | Auto Finance Innovation: When To Build, When To Buy?
Oct 09, 2023
Auto Finance Innovation: When To Build, When To Buy?
October 12, 2023 | 2:00 p.m. ET
Continuous digitization is a must in today’s world. But with limited resources, time and budgets, it can be tough to know what path to take. Should you build an… Read the rest
FEATURED BUSINESS PARTNER | GOLDPoint Systems
Oct 01, 2023
The featured Business Partner for the month of October is GOLDPoint Systems
GOLDPoint Systems offers one of the most complete Loan Management Software Systems in the Direct and Indirect market, covering the complete loan life cycle. Our … Read the rest
Do-Nothing Policies Can Do Harm
Sep 27, 2023
The Urban Institute has been doing yeorman’s work providing independent, fact-based analysis on the effects of consumer credit rate caps. Taken together with other independent, academic analysis of rate caps, there is a growing body of… Read the rest
Registration Open for 2024 Vehicle Finance Conference
Sep 27, 2023
It’s time! Register for the 2024 Vehicle Finance Conference & Expo today and enjoy Early Bird Pricing!
What can you expect?
Influential Speakers. Gain insights and inspiration from incredible speakers, including our keynote:… Read the rest