This week, the American Financial Services Association (AFSA) commented on the Consumer Financial Protection Bureau’s (CFPB) proposed rule to facilitate the transition away from LIBOR to a replacement index. LIBOR is an index used by … Read the rest

After Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger testified before the Senate Banking Committee, which AFSA summarized here, she testified before the House Committee on Financial Services.

During the July … Read the rest

The AFSA Annual Meeting & Independents Conference & Expo is moving completely online. And we’re using the opportunity to redefine and reimagine the AFSA meeting experience from the virtual ground up.

The conference agenda will… Read the rest

“As you consider potential financial provisions for the COVID-19 response legislation now under discussion, we ask that you refrain from adding new credit reporting provisions that may negatively affect consumers,” the American Financial… Read the rest

Become an American Financial Services Association’s Business Partner and gain access to leaders in the $300 billion consumer credit marketplace, including consumer and sales finance companies, traditional installment lenders, mortgage… Read the rest

AFSA has expressed concerns about the effect that the Current Expected Credit Loss (CECL) accounting standards have on financial institutions. Earlier this year, Congress extended the implementation date for banks to comply with the new… Read the rest

The featured Business Partner for August is Datascan.

DataScan has established itself as the North American leader in providing dealer floorplan lenders with technology-based solutions for wholesale asset financing and inventory risk… Read the rest

Today the Senate Banking, Housing, and Urban Affairs Committee held a hearing with the Director of the Consumer Financial Protection Bureau (CFBP), Kathleen Kraninger, to discuss the Bureau’s most recent Semi-Annual Report to Congress.… Read the rest

Given the world in which we currently live, companies can no longer return to a static plan. What’s needed now is a dynamic strategy based on the ability to quickly absorb information and rapidly incorporate lessons learned in the marketplace.… Read the rest

Today, the American Financial Services Association (AFSA) joined several other financial services trade associations in a letter urging Congressional leaders to pass legislation to uniformly apply the Federal Accounting Standards… Read the rest