On Monday, AFSA submitted a comment letter expressing its strong support for H.R. 5911, the Fair Hiring and Banking Act, which would reduce barriers to employment in the banking industry for qualified applicants with minor criminal records.
The letter was sent to House Speaker Nancy Pelosi (D-CA) and Minority Leader Kevin McCarthy (R-CA), as well as the leadership of the House Financial Services Committee, Chairwoman Maxine Waters (D-MO) and Ranking Member Patrick McHenry (R-NC).
“At this time, otherwise qualified Americans with minor arrest or conviction records are prohibited by the Federal Deposit Insurance Act (FDIA) from working in the banking industry,” AFSA Senior Vice President Celia Winslow wrote. “While the law provides for waivers in some scenarios, the process is complex and arduous, and few applicants are successfully hired.”
The act’s passage would help the financial services industry by providing qualified employees at a time when the industry is facing a labor shortage. More importantly, however, the act would help increase economic opportunities for individuals who have been rehabilitated in the American justice system.
On Monday, AFSA submitted a comment letter expressing its strong support for H.R. 5911, the Fair Hiring and Banking Act, which would reduce barriers to employment in the banking industry for qualified applicants with minor criminal records.… Read the rest
Join us on May 26 at 2:00 p.m. for Vehicle Financing in the Era of the Digital Consumer, sponsored by Cox Automotive.
Cox Automotive is well known for its yearly Car Buyer Journey study. But it only told half the story, particularly for lenders.… Read the rest
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
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
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
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
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
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
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
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
