This week, the Consumer Financial Protection Bureau published a proposed rule called Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders. According to the proposed rule, the Bureau would require covered entities “to register with the Bureau upon becoming subject to a public written order or judgment imposing obligations based on violations of certain consumer protection laws.”
The registry would provide information about the company and the order and publish it on the CFPB website. It would also require entities to identify and update executive(s) who are responsible for the firm’s efforts as they relate to court orders.
AFSA has serious concerns about the Bureau’s proposed registry, which seems more like “name and shame” website than a useful tool. AFSA will submit a comment letter at the end of the 60 day comment period.”
CFPB Proposes Nonbank Registry
Dec 13, 2022
This week, the Consumer Financial Protection Bureau published a proposed rule called Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders. According to the proposed rule, the Bureau would require covered entities… Read the rest
On Partnerships: The Fast Track To Innovation And Efficiency
Dec 08, 2022
Join us today at 2:00 p.m. for On Partnerships: The Fast Track To Innovation And Efficiency, sponsored by defiSOLUTIONS.
What can or should vendors do as partners to deliver market-changing technology and innovations? Join long-time industry… Read the rest
LISTEN | Fraud Isn’t What You Think
Dec 07, 2022
In this episode of the AFSA Extra Credit Podcast, Dan chats with Justin Davis, VP of Product Delivery and Frank McKenna, Chief Strategist with Point Predictive about the uptick in fraud as we come out of the pandemic and navigate a turbulent … Read the rest
The Economy of Policy & Politics
Dec 07, 2022
Want the skinny and insights on what Congress may do in the coming year in response to an uncertain economic, regulatory and political environment?
Join a panel of one of Washington’s most senior and accomplished Capitol… Read the rest
AFSA Comments on Inflation Reduction Act
Dec 07, 2022
Earlier this month, AFSA responded to a joint Department of Treasury (Treasury) and Internal Revenue Services (IRS) request for comment and participated in a Treasury roundtable on Clean Vehicles and the “Inflation Reduction Act” (IRA).… Read the rest
WHAT RESILIENT TEAMS GET RIGHT with Michael Lombardi
Dec 06, 2022
AFSA is pleased to announce three-time NFL Super Bowl champion executive and commentator Michael Lombardi as its keynote speaker for its 2023 Vehicle Finance Conference at the historic Hilton Anatole Hotel in Dallas, sponsored … Read the rest
AFSA Opposes Anti-Innovation Bill
Dec 06, 2022
AFSA opposes the recently introduced Close the Shadow Banking Loophole Act, which targets the ability of industrial loan companies (ILCs) to exist in the financial service marketplace. Led by Senate Banking Committee Chairman Sherrod … Read the rest
On Partnerships: The Fast Track To Innovation And Efficiency
Dec 02, 2022
Join us on December 8th at 2:00 p.m. for On Partnerships: The Fast Track To Innovation And Efficiency, presented by defiSolutions.
What can or should vendors do as partners to deliver market-changing technology and innovations? Join long-time… Read the rest
December Featured Business Partner | Four Questions with DataScan
Dec 01, 2022
The featured AFSA Business Partner for December is Datascan. We asked them a few questions about the value of AFSA membership and some of the opportunities or challenges they face in 2023. Learn more at onedatascan.com.
What are some key initiatives… Read the rest
2023 Marketplace Outlook And Maintaining Business Resiliency
Nov 28, 2022
Join us on December 1 at 2:00 p.m. for 2023 Marketplace Outlook and Maintaining Business Resiliency presented by Cox Automotive.
Instability, affordability, and new normal remain popular themes as we close out one year and head into the… Read the rest