The California Privacy Protection Agency (CPPA) recently published their final rules implementing the California Privacy Rights Act. The rules address a wide range of regulatory topics including data processing agreements, consumer opt-out mechanisms, business-to-business data, disclosures and notices, and data archives and backups. The rules took effect immediately upon approval by the Office of Administrative law on March 29. The CPPA can start enforcing the Act on July 1, 2023.
AFSA’s State Government Affairs team was actively engaged in the rulemaking process. AFSA sent comments to the CPPA on its modified rule text. AFSA also sent letters to the CPPA earlier in the rulemaking process in August 2022 and November 2021.
In addition to the comprehensive rules, the CPPA has started the rulemaking process on future rules governing automated decision-making, cybersecurity audits, and risk assessments. AFSA sent a letter to the CPPA’s request for preliminary comments on these targeted rules.
Final Rules Implementing CCPA Published
Apr 05, 2023
The California Privacy Protection Agency (CPPA) recently published their final rules implementing the California Privacy Rights Act. The rules address a wide range of regulatory topics including data processing agreements, consumer… Read the rest
CFPB Releases Final Small Business Lending Rule
Apr 04, 2023
On March 30, the CFPB issued a final small business lending rule to implement Section 1071 of the Dodd-Frank Act. Under the rule, covered financial institutions will be required to collect and report to the CFPB data on applications for credit… Read the rest
Webinar | The Power of Pricing Optimization in a Tumultuous Auto Finance Landscape
Apr 04, 2023
The Power of Pricing Optimization in a Tumultuous Auto Finance Landscape
April 13, 2023 | 2:00 p.m. ET
The perfect storm has arrived in today’s auto finance market. Digitalization, inflation, increasing cost of funds, and evolving consumer… Read the rest
AFSA Comments on CFPB Registry Rule
Apr 03, 2023
On April 3, 2023, AFSA submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) relating to its proposed rule creating a registry of contract terms (such as arbitration provisions) used by supervised non-bank financial… Read the rest
Featured Business Partner | Fortegra
Apr 01, 2023
Fortegra is the Featured Business Partner for April.
For more than 40 years, Fortegra and its subsidiaries have delivered risk management solutions that help people and businesses succeed in the face of uncertainty.
Our diverse and comprehensive… Read the rest
AFSA Responds to CFPB’s Proposed Nonbank Registry
Mar 31, 2023
Today, AFSA responded to the CFPB’s proposed nonbank registry related to enforcement. The proposed rule would require nonbank-covered persons to register and submit specific information to the proposed registry regarding… Read the rest
WATCH TODAY | Digital Solutions Make Easier Payments Possible
Mar 30, 2023
Join us TODAY at 2:00 p.m. ET for Digital Solutions Make Easier Payments Possible, presented by REPAY.
Keeping up with evolving consumer payment preferences can seem like an impossible task.
Join Stacey Precour, Senior Sales Executive, … Read the rest
AFSA Submits 1071 Letter to House Committee
Mar 29, 2023
Yesterday, the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a hearing to consider the Consumer Financial Protection Bureau’s (CFPB) rulemaking on Section 1071 of the Dodd-Frank Act. The rule will… Read the rest
Breakfast & Breakouts
Mar 29, 2023
Start your Thursday morning at the 2023 Independents Conference & Expo with your choice between two educative, exciting sessions, along with a bite to eat, thanks to our sponsor, FIMC.
Over the past year, with state and federal policymakers… Read the rest
LISTEN | Industry Icon Darcy Locke
Mar 28, 2023
AFSA is celebrating Women’s History Month with a special Extra Credit Podcast series, Industry Icons, featuring outstanding female leaders in the consumer credit industry. This episode features Darcy Locke, Vice President, Head… Read the rest