On July 28, 2020, the Consumer Financial Protection Bureau (CFPB) announced a request for information (RFI) on preventing credit discrimination and building a more inclusive financial system. Information about this effort is available at here. AFSA strongly supports the Equal Credit Opportunity Act.
The RFI seeks feedback on issues including disparate impact, limited English proficiency, special purpose credit programs, advertising, and small business lending. The deadline for submissions is 60 days after the RFI is published in the Federal Register. AFSA staff plans to coordinate with members to prepare a response to the RFI.
CFPB Seeking Information about Preventing Credit Discrimination
Jul 28, 2020
On July 28, 2020, the Consumer Financial Protection Bureau (CFPB) announced a request for information (RFI) on preventing credit discrimination and building a more inclusive financial system. Information about this effort is available… Read the rest
AFSA Advocating for Work from Home Flexibility
Jul 25, 2020
The American Financial Services Association‘s members have for more than a century believed that their success was built on the personal, face to face relationships they have built with their customers, sometimes generations of customers.… Read the rest
Business Partners: Has Covid-19 Flattened Your Revenue Curve?
Jul 24, 2020
We know you’ve missed gathering with new customers; Let AFSA help strengthen your connection to the consumer finance industry!
Take advantage of the best deal all year! Enjoy a single year rate for the remainder of 2020 and 2021, plus FREE… Read the rest
LISTEN | Navigating Advertising During COVID-19
Jul 24, 2020
In the latest episode of the AFSA Extra Credit Podcast, we talk with Andrea Cottrell, Associate with Hudson Cook LLP. Andrea works with financial service providers on compliance with federal and state regulations and consumer protection… Read the rest
CFPB to Host Symposium on Cost-Benefit Analysis in Regulation
Jul 23, 2020
The Consumer Financial Protection Bureau today announced that it will host a symposium to discuss the cost-benefit analysis of financial protection regulations on July 29 at 9:30 a.m. AFSA staff will attend.
“The symposium is intended to… Read the rest
FCC Approves Call-Blocking Order
Jul 22, 2020
Last week, the Federal Communications Commission (FCC) approved further rulemaking that would clarify that telephone companies are prohibited from imposing a charge on callers for removing erroneous call blocks and must implement a … Read the rest
AFSA Asks Congress to Support Consumers Through Pandemic
Jul 21, 2020
The American Financial Services Association (AFSA) sent a letter yesterday to Senate Majority Leader Mitch McConnell (R-KY) and Minority Leader Charles Schumer (D-NY) requesting that the following measures be included in the Senate pandemic… Read the rest
Federal & State Issues at AFSA Annual Meeting & Independents Conference
Jul 21, 2020
What Should We Expect? Federal & State Issues
There couldn’t be a more timely session on issues facing our industry. Join this session for an informative discussion on the latest federal, state, and legal issues affecting the financial… Read the rest
Traditional Installment Loans: Delivering High-Quality Credit for 100 Years+
Jul 21, 2020
The American Banker reported on Sunday (July 19) what AFSA has been saying for years – banks aren’t making, and don’t want to make, small-dollar loans.
In the article, Uncertainty About CFPB Has Banks Leery of Small-dollar Lending, author… Read the rest
Remembering Joe Shuler
Jul 20, 2020
The American Financial Services Association (AFSA) is saddened to learn of the passing of Mr. Joseph Shuler on July 16.
Mr. Schuler began working at the Florida Department of Financial Services at the age of 18 as a mailroom clerk. Over the next… Read the rest