The American Financial Services Association and its members have long supported our nation’s military veterans, current servicemembers, and their families. It seems that with every passing year, the intent of Memorial Day becomes less apparent, but it’s important to remember why our nation marks Memorial Day.
Memorial Day began as Decoration Day in the late 1860s. As a result of the death-toll from Civil War the United States established national cemeteries, and in a sign of reconciliation and remembrance people across the country honored fallen soldiers in the springtime, reciting prayers and decorating the graves of the fallen with flowers.
On May 30, 1868 Decoration Day was declared a federal holiday, and after World War I the holiday gained greater support and participation across the country, so much so that in 1968 the name of the holiday was changed to Memorial Day and moved to the last Monday of the month of May.
As Americans, we should use this day to remind ourselves and our families, especially young people, about why and for whom we celebrate this day. Generations of men and women have served and defended our country because they believed America and its founding principles worthy of their sacrifice. We owe the fallen, as well as all those who serve, our deep respect and gratitude, and we share that appreciation with all of them today.
The American Financial Services Association and its members have long supported our nation’s military veterans, current servicemembers, and their families. It seems that with every passing year, the intent of Memorial Day becomes less… Read the rest
In this episode of the AFSA Extra Credit Podcast, Dan chats with Stephen McDaniel, Co-founder & CEO with F&I Sentinel and Rick Hackett, Board Member with F&I Sentinel and former Assistant Director at the Consumer Financial Protection… Read the rest
AFSA has been fortunate to host its conferences in outstanding destinations across the country. And the 2023 Annual Meeting will be no different. In fact, you might say we’re taking this meeting to entirely new heights. Not just because of … Read the rest
The American Financial Services Association is pleased to announce that Clint Pulver, one of the most sought-after leadership experts on employee retention, will be the Keynote Speaker at the 2023 AFSA Annual Meeting from October. Clint… Read the rest
There are encouraging and concerning signals in the latest batch of economic data released by the government this week.
First the good news: despite an uptick on a month-to-month basis in April, annual inflation at the wholesale level fell… Read the rest
The AFSA Extra Credit Podcast Industry Icon series continues, featuring outstanding female leaders in the consumer credit industry. This episode features Lisa Verdun, Senior Fraud Consultant with Point Predictive. She chats with Danielle… Read the rest
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
