The U.S. has a full history of evolving national consumer financial protection laws to ensure consumers are fairly and responsibly treated by financial institutions. Some 22 different federal laws, spanning eight different agencies, create a layered system of laws that protect consumers. The ongoing evolution of these laws serves a rich and diverse economy where consumers have tremendous choice in accessing a myriad of credit products from a wide variety of sources.
Every consumer – regardless of economic status – is best served by a regulatory regime that provides them access to some form of credit. As our economy changes and evolves, our consumer finance laws must keep up.
With an eye toward improving our system, AFSA has developed its 2022 Federal Priorities.
Everything from small-dollar loans to rate caps, vehicle financing to credit reporting, debt collection to ancillary protection products are on AFSA’s radar this year. We’ll keep you informed as the year progresses.
AFSA’s 2022 Federal Priorities
Feb 25, 2022
The U.S. has a full history of evolving national consumer financial protection laws to ensure consumers are fairly and responsibly treated by financial institutions. Some 22 different federal laws, spanning eight different agencies, … Read the rest
Bureau Misses the Mark Again
Feb 25, 2022
The Consumer Financial Protection Bureau (CFPB) yesterday posted a blog that doubles down on earlier flawed Bureau analysis of the vehicle finance industry. The thesis: consumers, particularly those with less than stellar credit (i.e.,… Read the rest
Can’t join us in Vegas? Register for the AFSA Digital Pass
Feb 22, 2022
While we expect over 550 AFSA Members and Business Partners to gather in Washington, D.C., we know that some Members and Business Partners are still operating with travel restrictions. To meet their needs, AFSA will offer a Digital Pass… Read the rest
Stay in the Know in Vegas w/ the AFSA Events App
Feb 21, 2022
The AFSA Event App is your key to the most up-to-date info for the 2022 Vehicle Finance Conference & Expo!
SGA sends letters in New York and Illinois
Feb 17, 2022
This week, AFSA’s State Government Affairs (SGA) team sent a letter commenting on a recent rulemaking by the New York Department of Financial Services (DFS) on third-party debt collection rules. The DFS’ new rules would make significant … Read the rest
AFSA Responds to RFI on Prosperity Gap
Feb 15, 2022
Yesterday, AFSA completed a Request For Information from the House Select Committee on Economic Disparity and Fairness in Growth regarding policy areas that can help close the prosperity gap in the United States.
AFSA’s comments focused… Read the rest
Don’t Miss These Headliners in Vegas!
Feb 14, 2022
If we’re in Vegas, it can mean only one thing: outstanding headline acts! And the 2022 Vehicle Finance Conference & Expo will not disappoint.
Sponsored by FIS
Jon Taffer is an award-winning hospitality expert,… Read the rest
WATCH | Digital Retail Done the Right Way
Feb 09, 2022
Join us on February 24 at 2:00 p.m. for Digital Retail Done the Right Way, presented by NetSol.
This webinar will focus on customer centricity as the North Star to creating a digital retail platform for the mobility ecosystem. You’ll… Read the rest
AFSA Submits Comments on FTC’s Safeguards Rule
Feb 08, 2022
On February 7, AFSA responded to the Federal Trade Commission’s (FTC) supplemental rulemaking further amending the Standards for Safeguarding Customer Information (Safeguards Rule). A provision of the Gramm Leach Bliley Act (GLBA), … Read the rest
Remembering Cheslie Kryst
Feb 07, 2022
AFSA was saddened to learn of the passing of Cheslie Kryst on January 30th. Ms. Kryst was an important voice on diversity, equity and inclusion, and her voice and leadership were an extension of her remarkable life story and her career.
Ms. … Read the rest