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AFSA Meets with FDIC Chairman Jelena McWilliams

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AFSA met with Jelena McWilliams, the Chairman of the FDIC, this week. AFSA raised several key issues with the Chairman, including: the lingering effects of Operation Choke Point, how the Military Lending Act (MLA) limits the availability of credit for service members and their families, the benefits of industrial bank charters, the FDIC’s request for information on small-dollar lending, and the increasing Telephone Consumer Protection Act (TCPA) litigation.

Chairman McWilliams expressed her commitment to ensure that Operation Choke Point is ended, understood that using APR to disclose finance charges for short term loans leads to high values compared to longer term financing and that the FDIC would consider industrial bank charter applications. She was also interested in learning about the MLA and TCPA.

AFSA looks forward to continuing to work with the FDIC on this issues in the future.

AFSA Meets with FDIC Chairman Jelena McWilliams
Feb 06, 2019

AFSA met with Jelena McWilliams, the Chairman of the FDIC, this week. AFSA raised several key issues with the Chairman, including: the lingering effects of Operation Choke Point, how the Military Lending Act (MLA) limits the availability… Read the rest

Experts agree that Blockchain’s utilization In the vehicle retail channel is imminent
Feb 06, 2019

Among the many panels of subject matter experts at the recent AFSA Vehicle Finance Conference tackling the latest technology topics facing the industry, the subject of Blockchain drew a standing room only crowd of execs looking for information… Read the rest

AFSA Board approves nominations of three new members
Feb 04, 2019

The AFSA Board of Directors recently approved the nominations of three executives to replace three board members, all of whom recently retired.

Susan Bridges, Chairman of the Board of Security Finance Corporation of Spartanburg, S.C., … Read the rest

AFSA Adds Expertise in Member Services & Engagement
Feb 01, 2019

The American Financial Services Association is pleased to announce the addition of Toni-Lewis Bennett as Vice President of Member Services & Engagement. Lewis-Bennett was hired following the departure of Sheilah Harrison who… Read the rest

AFSA announces new chair-elect for Board of Directors
Jan 21, 2019

The American Financial Services Association (AFSA) Monday announced that its board of directors has elected Dan Chait, President of Southeast Toyota Finance, as the new chair-elect of the AFSA board.

Chait has been on the AFSA Board of Directors

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Consumer finance companies activate customer assistance initiatives
Jan 17, 2019

Member companies of the American Financial Services Association (AFSA), whether in auto finance or traditional installment lending, are reaching out to customers who are adversely affected by the federal government shutdown, the longest… Read the rest

Auto Finance chief executives set for AFSA conference
Jan 15, 2019

The chief executives of five auto finance lenders, representing captives and major banks, will participate in a panel discussion next week at AFSA’s annual Vehicle Finance Conference, capping off three days of deep dives and 30,000-foot… Read the rest

AFSA’s Annual Law & Compliance Symposium to Feature Tax Compliance
Jan 09, 2019

AFSA strives to assemble meeting presentations that address critical issues for consumer finance companies. At the upcoming 2nd Annual Law & Compliance Symposium, AFSA will be featuring speakers from Akerman LLP to address two… Read the rest

AFSA Comments on Military Credit Monitoring
Jan 08, 2019

This week AFSA submitted comments to the Federal Trade Commission (FTC) on a proposed rule to implement the credit monitoring provisions that Congress passed as part of the Economic Growth, Regulatory Relief, and Consumer Protection ActRead the rest

AFSA expands staff roles in federal, state policy functions
Jan 03, 2019

WASHINGTON, Jan. 3, 2019- The American Financial Services Association (AFSA) today announced promotions reflecting expanded expertise and increased responsibilities in both its federal and state government policy functions.

CeliaRead the rest

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