AFSA’s State Government Affairs (SGA) team published a new 50-state survey on installment lending licensing. The survey provides an overview of state licensing requirements. In 34 states and the District of Columbia licensees can apply through the Nationwide Multistate Licensing System (NMLS). In 16 states, licensees must apply directly with the state regulator. The survey provides an overview of license fees, requirements on loan principal and term, and annual reporting requirements. It also outlines which employees and owners must be listed on a license application.
This survey can be found with AFSA’s other state surveys and charts in the state resources page on AFSA’s website.
AFSA’s State Government Affairs (SGA) team published a new 50-state survey on installment lending licensing. The survey provides an overview of state licensing requirements. In 34 states and the District of Columbia licensees can apply… Read the rest
This week, AFSA’s State Government Affairs (SGA) team, in collaboration with the California Financial Services Association (CFSA), sent a letter to the California Department of Financial Protection and Innovation (DFPI) regarding DFPI’s… Read the rest
Ready for a CFPB Auto Finance Examination on VPP processes?
A consumer case study may show you are not
The CFPB, state attorneys general, and other regulators have increased their focus on lender practices for cancelling and refunding voluntary… Read the rest
The CFPB recently released an interpretive rule articulating its view regarding digital marketing and the definition of service provider under Dodd-Frank (or the Consumer Financial Protection Act as codified). Companies that meet the… Read the rest
Yesterday, AFSA submitted a comment letter to the Chairs and ranking Members of the House and Senate Armed Services Committees outlining its position on several provisions of the National Defense Authorization Act (NDAA) for Fiscal Year… Read the rest
The Featured Premier Business Partner for August is Lightico. We asked them a few questions about their goals for 2022 and the benefits of being an AFSA Business Partner. Learn more about Lightico.com.
What are some key initiatives for your… Read the rest
Join us on August 17, 2022 at 2:00 p.m. ET for The CFPB Flexes its Muscle in the Fair Lending and Anti-Discrimination Space: Thoughts on How to Reduce Your Risk.
Earlier this year, the Consumer Financial Protection Bureau (CFPB) substantially… Read the rest
The Consumer Financial Protection Bureau (CFPB) today announced a series of technical readiness events in preparation for compliance with Small Business Lending data reporting requirements.
“These events are targeted towards in-house… Read the rest
Last month, AFSA, along with ACA International, the Consumer Data Industry Association, and the National Automobile Dealers Association, requested that the Federal Trade Commission (FTC) delay the effective date of the Standards for… Read the rest
Today, the American Financial Services Association wrote to the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the Office of the Comptroller of the Currency (OCC), commenting on their efforts to modernize the Community… Read the rest
