This episode of the AFSA Extra Credit Podcast is the third edition of our 50-state series, where we’ll be asking questions of financial services regulators around the country. We’ll make our way through all 50 states getting to know the regulators that are part of our industry. Today, Danielle Fagre Arlowe, Senior Vice President and head of the State Government Affairs team at AFSA speaks with Will Lund, Superintendant of the Maine Bureau of Consumer Credit Protection. Danielle and Will address some of the questions we always go through in the series, as well as chat a bit about the Maine legislatures’ passage of a true lender rule.
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LISTEN | State of Credit #3 – Will Lund, Maine
Jul 21, 2021
This episode of the AFSA Extra Credit Podcast is the third edition of our 50-state series, where we’ll be asking questions of financial services regulators around the country. We’ll make our way through all 50 states getting to know the regulators… Read the rest
WATCH | FCRA Data: The Key to Unlocking an Expanded Credit Universe
Jul 19, 2021
The use of expanded Fair Credit Reporting Act (FCRA) – or alternative – data has continued to gain popularity among lenders and financial institutions. Today’s volatile economy, exacerbated by financial disparities created by the… Read the rest
Consumer “Advocate”: Blood, Sweat and Tears Are All You Need
Jul 16, 2021
Occasionally someone slips and says something they are thinking but know they should never actually say publicly. This is what happened to poor Sara Nelson-Pallmeyer of Exodus Lending, a Minnesota-based nonprofit that claims to “advocate… Read the rest
Survey: Rate Caps Are Harming Servicemembers
Jul 15, 2021
In this month of July, we should remember the role United States servicemembers play in defending and preserving the blessings of freedom for all Americans. The American Financial Services Association (AFSA) is pleased to support Military… Read the rest
AFSA Systems Maintenance Complete
Jul 15, 2021
AFSA’s login systems maintenance is now complete. Members should be able to access password-protected resources, including AFSA*Track, with no issue. If you do encounter an issue, please contact Dan Bucherer at dbucherer@afsamail.org… Read the rest
Senate Schedules Hearing on Anti-Consumer Rate Cap Bill
Jul 13, 2021
Senate Banking Committee Chair Sherrod Brown (D-OH) today announced that the committee would hold a hearing entitled, Protecting Americans from Debt Traps by Extending the Military’s 36% Interest Rate Cap to Everyone on July 29 at… Read the rest
Biden Issues Executive Order Promoting Market Competition
Jul 13, 2021
President Biden issued an Executive Order (the “Order”) on issues related to market competition in the U.S. economy. Among other provisions, the Order calls on the Consumer Financial Protection Bureau (CFPB) to complete its rulemaking … Read the rest
NEXT WEEK | AFSA Login Systems Maintenance
Jul 07, 2021
To deliver a better user experience for all AFSA’s digital properties, we will begin upgrading Protech, its association management database, from July 12 through the 14th. The Protech system also controls Afsaonline.org login authentication… Read the rest
Credit Bureau Reform on the Horizon?
Jul 02, 2021
The House Financial Services Committee held a hearing earlier this week entitled, “A Biased, Broken System: Examining Proposals to Overhaul Credit Reporting to Achieve Equity,” which examined the following three legislative proposals:… Read the rest