AFSA submitted a letter on Friday in support of the Consumer Financial Protection Bureau’s (CFPB) proposed advisory opinion program. The program would allow financial institutions to submit questions to the CFPB on areas where regulatory uncertainty exists. The CFPB’s goal is to better enable compliance in the face of regulatory and statutory uncertainty.
AFSA agrees with the CFPB that clear and useful guidance to regulated entities is an important aspect of facilitating markets. In its letter AFSA emphasized its support for allowing trade associations to submit requests for advisory opinions on behalf of one or more members, who would remain anonymous. In addition, AFSA responded to six aspects of the proposed advisory opinion program for which the CFPB sought comment.
AFSA submitted a letter on Friday in support of the Consumer Financial Protection Bureau’s (CFPB) proposed advisory opinion program. The program would allow financial institutions to submit questions to the CFPB on areas where regulatory… Read the rest
The Attorney General of Colorado announced that the state has reached a settlement in two bank partnership lawsuits (Fulford v. Avant of Colorado, LLC and Fulford v. Marlette Funding, LLC). At the core of the lawsuit was the alleged partnership… Read the rest
The American Financial Services Association is the premier consumer credit trade association in the country offering its members support and services that help them to continue to offer their consumers reliable, high-quality credit access.… Read the rest
AFSA is building a stellar virtual experience for attendees and Business Partners at the 2020 Virtual Annual Meeting & Independents Conference & Expo, running from Oct. 6-8, 11a.m.-2 p.m. each day. The association is pleased to … Read the rest
AFSA was saddened to learn of the death of Charlie Walters on Sunday, August 16. For those of us in the AFSA family, Charlie was a leader of our association and our industry, and a larger than life figure whether in a board room or at an AFSA conference.… Read the rest
The American Financial Services Association along with several AFSA members is seeking a veto or a chapter amendment to legislation recently passed by both chambers in New York. AFSA communicated with both the Assembly and the Senate in advance… Read the rest
The Federal Reserve Board of Governors on August 12 released an extensive study entitled The Cost Structure of Consumer Finance Companies and Its Implications for Interest Rates: Evidence from the Federal Reserve Board’s 2015 … Read the rest
The American Financial Services Association is the premier consumer credit trade association in the country offering its members support and services that help them to continue to offer their consumers reliable, high-quality credit access.… Read the rest
As AFSA builds a stellar virtual experience for attendees and Business Partners at the 2020 Virtual Annual Meeting & Independents Conference & Expo, we are pleased to announce our second keynote speaker, pollster Kristen Soltis… Read the rest
As AFSA builds a stellar virtual experience for attendees and Business Partners at the 2020 Virtual Annual Meeting & Independents Conference & Expo, we are pleased to announce that former Consumer Financial Protection Bureau… Read the rest
