In this episode of the podcast, Philip Bohi, VP of Compliance Education talks with Dr. Adam Gailey, Principal in the Financial Economics Practice at Charles Rivers Associates, on getting your Fair Lending house in order and looking carefully at questions surrounding things you can control like underwriting, buy rate setting and servicing.
State and federal regulators are examining underwriting practices, rate-setting and servicing more than ever before.
Dr. Gailey has worked on numerous DOJ and CFPB investigations, class-action lawsuits, and regulatory compliance cases, that typically involve providing statistical and economic analyses of large amounts of data focusing on issues related to the use of overdraft protection, indirect auto finance, redlining, and fair lending.
A second episode, coming next week, will delve into what you can’t control and what to expect next.
Listen wherever you get podcasts or at afsaonline.org/podcast.
Fair Lending Takes Center Stage
Jun 07, 2023
In this episode of the podcast, Philip Bohi, VP of Compliance Education talks with Dr. Adam Gailey, Principal in the Financial Economics Practice at Charles Rivers Associates, on getting your Fair Lending house in order and looking carefully… Read the rest
Featured Business Partner | ACI Worldwide
Jun 05, 2023
The Featured Business Partner for June is ACI Worldwide.
As an unrivaled leader in billing and payments, ACI Worldwide offers ACI Speedpay, proven to drive efficiency and increase collections. Through our comprehensive suite of software… Read the rest
Economy Matters: May Jobs Numbers & Fed Outlook
Jun 02, 2023
The labor market remained buoyant in May, according to the latest employment report from the Bureau of Labor Statistics (BLS). In addition to muddying the waters with respect to the U.S. economic outlook, this month’s jobs report also complicates… Read the rest
DIDMCA Opt-out Complications
Jun 02, 2023
The AFSA SGA team published their June white paper examining the Depository Institution Deregulation and Monetary Control Act (DIDMCA).
The paper examines recent opt-out efforts and the potential complications that would arise from … Read the rest
News From Our Members | PayNearMe Secures $45M in Series D Funding
Jun 02, 2023
PayNearMe Secures $45M in Series D Funding, Accelerating Payments Innovation and Market Expansion
Queensland Investment Corporation leads investment round, empowering PayNearMe to pioneer new advancements in digital payments and … Read the rest
Recent Fed Reports Point to Tighter Consumer Credit
Jun 02, 2023
Two reports released by the Federal Reserve in May show credit conditions are tightening across the economy.
The Federal Reserve Board’s Senior Loan Officer Opinion Survey on Bank Lending Practices, provides information on bank credit … Read the rest
Industry Icon Rochelle McClanahan
May 31, 2023
The AFSA Extra Credit Podcast Industry Icon series continues, featuring outstanding female leaders in the consumer credit industry. This episode features Rochelle McClanahan, Chief Financial Officer/Compliance Officer with Brundage… Read the rest
Inflation & Consumer Credit
May 30, 2023
Inflation is a complex phenomenon influenced by various factors, but its consequences cannot be under-estimated. In such an environment, access to credit becomes increasingly crucial for individuals and businesses. While the cost of … Read the rest
Elevate in Salt Lake | Committee Meetings
May 30, 2023
AFSA is pleased to announce our Committee Meeting lineup for the 2023 Annual Meeting!
AFSA’s committee meetings* are your key to accessing the most up-to-date information on everything important to your business. From best practices,… Read the rest
We Call It Memorial Day For a Reason
May 29, 2023
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