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, […]

Earlier this year the CFPB proposed a new data collection project, with the Bureau indicating it would like to collect loan-level information on just about every auto loan in the U.S. The Bureau hasn’t said why it needs this data or what it would do with it. In order to proceed, however, the CFPB needs […]

AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry. What has been the most important lesson? My top life and career lessons are, Keep GOD first in everything. Positive perspective and respect are essential. Everything that is happening in your life seems so big, so important, so do or die, […]

AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry. What has been the most important lesson of your career? The most important lesson of my career has been to be open and receptive to facts, opinions and situations that challenge my own perspective. I have learned that growth […]

AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry. What has been the most important lesson? Don’t underestimate your abilities, but stay humble. It’s easy to feel that you are not ready or prepared for a seat at the table. But it’s important to be your own best […]

The American Financial Services Association filed a lawsuit in Colorado federal court today with two other national trade groups challenging a state statute that violates federal law by imposing Colorado’s interest-rate caps on loans made to that state’s residents by state-chartered banks that are not located in Colorado. We filed this suit not only because […]

AFSA is celebrating Women’s History Month by featuring outstanding female leaders in the consumer credit industry. What has been the most important lesson? Was there a mentor who provided great insight in your early career? I clerked for the Honorable Shellie F. Bowers who taught me many valuable lessons. One of the most important was […]