Friday was officially Director Kathleen Kraninger’s second anniversary as Director of the Consumer Financial Protection Bureau (CFPB). The second year of Director Kraninger’s tenure has been marked with unprecedented challenges as the American people dealt with the COVID-19 pandemic and the economic disruption it has caused for businesses and consumers alike.
During the pandemic, the CFPB created a coronavirus resources page to provide information for consumers and companies regarding available relief options. The page includes guidance for small businesses and employers, along with tips on managing your finances and avoiding scams. In addition, the CFPB, Department of Agriculture, Department of Housing and Urban Development, Department of Veterans Affairs, and the Federal Housing Finance Agency launched a federal interagency housing website dedicated to providing consumers with information on all the mortgage and housing assistance available during the COVID-19 pandemic.
At the onset of the pandemic in March 2020, the American Financial Services Association similarly created a COVID-19 resources page for members to easily access federal and state resources. The resource page also outlines AFSA’s ongoing efforts on the federal and state level to advocate for the consumer finance industry and their customers.
AFSA and Federal Agencies Provide Educational Resources During COVID-19
Dec 11, 2020
Friday was officially Director Kathleen Kraninger’s second anniversary as Director of the Consumer Financial Protection Bureau (CFPB). The second year of Director Kraninger’s tenure has been marked with unprecedented challenges as … Read the rest
Essentials for Success in the New Economy: Gaining ROI on Digital Strategies
Dec 10, 2020
Join us on December 17 at 2:00 p.m. ET for Essentials for Success in the New Economy: Gaining ROI on Digital Strategies, presented by
The shift to digital financial services has been happening for years, but COVID has been a reality check for… Read the rest
2020 By the Numbers
Dec 10, 2020
2020 has been an unprecedented year for all of us. It has, however, reinforced that consumer credit of all types is crucial to sustaining American businesses and households.
Just as our members adapted to meet the financial needs of their customers,
AFSA Comments on Electronic Service
Dec 09, 2020
AFSA’s State Government Affairs (SGA) team recently sent a comment letter to the Texas Supreme Court regarding proposed amendments to the Texas Rules of Civil Procedure that would permit electronic service of citation by social media, email,… Read the rest
AFSA Education Foundation 2020 – A Year to Remember
Dec 08, 2020
As we approach the close of 2020, I want to provide an update on the many successes of the AFSA Education Foundation. Most importantly, I thank our AFSA members for their support.
In 2020, the foundation marked its 30th anniversary. To celebrate… Read the rest
AFSA Comments on Equal Credit Opportunity Act
Dec 04, 2020
This week, AFSA responded to the Consumer Financial Protection Bureau’s (CFPB) request for information (RFI) on identifying ways to prevent credit discrimination under the Equal Credit Opportunity Act (ECOA) and expand access to credit… Read the rest
Congressional Panels Urge the Administration to Simplify PPP Loans
Dec 03, 2020
This week, Federal Reserve (Fed) Chairman Jerome Powell and U.S. Treasury Secretary Steven Mnuchin testified before the Senate Banking Committee and House Financial Services Committee to discuss the federal government’s response to … Read the rest
Federal Banking Agencies Urge Banks to Transition Away From LIBOR
Dec 02, 2020
This week, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation issued a statement encouraging banks to transition away from the U.S. dollar (USD)… Read the rest
TOMORROW | AUTO LOAN ACCOMMODATIONS: INSIGHTS FROM THE PAST, APPLICATIONS FOR THE PRESENT
Dec 02, 2020
Join us TOMORROW at 2:00 p.m. ET for Auto Loan Accommodations: Insights from the Past, Applications for the Present, presented by TransUnion
The COVID-19 pandemic significantly impacted consumers and businesses, and the auto industry… Read the rest
December Featured Business Partner: Dealertrack
Dec 01, 2020
The featured business partner for the month of December is Dealertrack.
Dealertrack provides innovative technology that is critical to the success of any automotive dealership or lending institution. Our unmatched product suite fosters… Read the rest