Ahead of the Senate Judiciary Committee’s hearing entitled “Small Print, Big Impact: Examining the Effects of Forced Arbitration,” AFSA wrote to Chairman Richard Durbin (D-IL) and Ranking Member Lindsey Graham (R-SC) in support of arbitration. AFSA – which has long supported arbitration as a fair and effective mode of settling disputes between borrowers and creditors […]

AFSA joined several other trades in an amicus brief in a Fair Credit Reporting Act (FCRA) case in front of the 3rd Circuit. The question in the case, Ritz v. Nissan, is whether a furnisher has to investigate not only the factual accuracy of reported information, but also must assess and resolve legal disputes. AFSA and the other […]

Congress is back in session next week and has a full legislative agenda to work on in the months ahead.  Impeachment: The House is likely to send its impeachment articles against Homeland Security Secretary Alejandro Mayorkas to the Senate next week, triggering the trial process. Senate Majority Leader Chuck Schumer (D-NY) can bypass a trial […]

The featured Business Partner for the month of April 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 management. Clients rely on our comprehensive technology solutions, industry knowledge and expert team to successfully manage their business and reduce […]

AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry. What has been the most important lesson? Understand the subjects and the people that you work with. Was there a mentor who provided great insight in your early career? My father. What do you wish the you of today […]

AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry. What has been the most important lesson? I have learned lots of lessons over my career—it’s probably why it is called the “practice” of law. 😊  One of my most important takeaways over the years, however, has been is […]

AFSA’s State Government Affairs team has sent a comment letter to the Massachusetts Joint Committee on Financial Services regarding Senate Bill 2638 and debt collection in the state. In the letter AFSA expresses concerns with S 2638 seeking to impose further restrictions on banks and other entities engaged in debt collection from Massachusetts residents. Additionally, the […]

Earlier this week AFSA filed an amicus brief supporting the National Automobile Dealers Association’s (NADA) challenge to the FTC’s “Combating Auto Retail Scams Trade Regulation Rule.” The rule creates an assortment of new requirements and prohibitions regarding misrepresentations, mandated disclosures, add-on product charges, and recordkeeping for dealers. Violation of these new provisions is deemed “an […]

PayNearMe is thrilled to announce that we have won “Best Consumer Payments Platform” for the fifth straight year, thanks to the flexibility that our Business Rules technology offers. Business Rules enable lenders to change the way they accept and manage payments without writing custom code or paying for costly integrations. You can read more on PayNearMe’s website. 

AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry. What has been the most important lesson? Say yes to opportunities that make you uncomfortable as often as possible, especially when you don’t think you are ready. You will never check every box; if you wait until you do, […]