AFSA joined with other trades in an amicus brief in a Ninth Circuit Court of Appeals decision. The case, Thomas-Lawson v. Carrington Mortgage Services, LLC involves convenience fees. The trades’ brief counters some of the issues raised by the CFPB in its brief. The CFPB filed a brief in October 2021 claiming the Fair Debt Collection Practices Act’s (FDCPA) “permitted by law” language bars debt collectors from collecting convenience fees unless explicitly authorized. The trades responded by pointing out that the CFPB’s strict interpretation of “permitted by law” in the FDCPA is improper, and will deprive consumers’ of important, cost-saving choices. The trades’ brief also notes that convenience fees are not assessed without a borrower’s knowledge, the fact and amount are disclosed before borrowers elect to continue with the payment method.
AFSA Publishes Amicus in Convenience Fee Case
Mar 01, 2022
AFSA joined with other trades in an amicus brief in a Ninth Circuit Court of Appeals decision. The case, Thomas-Lawson v. Carrington Mortgage Services, LLC involves convenience fees. The trades’ brief counters some of the issues raised by… Read the rest
March Featured Business Partner | Sopra Banking Software
Mar 01, 2022
The featured Business Partner for the month of March is Sopra Banking Software. Learn more at soprabanking.com.
Sopra Banking Software has the largest worldwide network of professional business and technical expertise in Wholesale Floor… Read the rest
Build a Future-Ready Workforce
Mar 01, 2022
Regardless of technology advances, it’s still people with the right skills who drive your business. In this new era, what must employers consider in attracting people with the right skills? What do employees require to be successful in … Read the rest
Woman Leader of the Day | Tanya Sanders
Mar 01, 2022
AFSA is proud to celebrate the crucial role female executives play throughout the financial services industry. From regional firms to national installment lenders to global vehicle finance companies, women leaders are shaping the future… Read the rest
Words Matter
Feb 28, 2022
Today, the CFPB released guidance regarding vehicle repossessions entitled Bulletin 2022-04: Mitigating Harm from Repossession of Automobiles.
While the guidance does not reflect a broad brush change in policy, the commentary surrounding… Read the rest
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