As a US Army Green Beret, I’ve said those words more times than I care to remember. That’s because we tend to have a bad habit of getting surrounded by the enemy on purpose. You see, Green Berets parachute in below the noise and then we offset away from the chaos. Then we walk in […]

Borrower engagement is crucial for maintaining healthy financial relationships and ensuring timely bill payments. But what exactly is borrower engagement? It’s the level of involvement and interaction between borrowers and lenders throughout the loan lifecycle. When it comes to bill payment, engaged borrowers are more likely to stay on top of their obligations, reducing the […]

AFSA’s State Government Affairs team released a joint comment letter earlier this week to California’s Assembly Judiciary Committee in regards to Assembly Bill 2228 and vehicle repossessions. The letter emphasizes that the bill’s proposed language allows repossession agencies in California to charge any fee for retrieving personal property from repossessed vehicles, contrary to federal consumer […]

AFSA’s State Government Affairs team recently sent a joint comment letter to the California State Senate regarding Senate Bill 1286 and small business debt collection in the state. In the letter AFSA expresses concern with SB 1286’s inclusion of business debts within the scope of the Rosenthal Act, which is enforced based on the standard of the […]

This report presents the results of a first-of-its kind survey of leading providers of mortgages, vehicle financing, personal installment loans, credit cards, and other consumer products. Participants provide their views on several key business indicators, including how they see consumer lending evolving in the coming months. The survey’s results show conditions facing consumer lenders deteriorated […]

Results from AFSA’s new Consumer Credit Conditions Index (C3) reflect the challenges faced by lenders and borrowers in today’s volatile economic and regulatory climate. This view from lenders is the result of a first-of-its kind survey of AFSA’s membership of providers of consumer credit in the form of mortgages, vehicle financing, personal installment loans, credit […]

AFSA is excited to launch the Consumer Credit Conditions Index (C3 Index). This initiative fills a need among lenders, policymakers, consumer-facing businesses, the financial media, and the public for a set of focused indicators that track the state of the industry. It provides crucial insights beyond what is available in other industry sentiment surveys or government […]

Today, the House Energy and Commerce Subcommittee held a hearing titled “Legislative Solutions to Protect Kids Online and Ensure Americans’ Data Privacy Rights.” During this hearing, the subcommittee considered the discussion draft of the “American Privacy Rights Act” (APRA). In advance of the hearing, AFSA sent a letter to the Chairs and Ranking Members of […]

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 […]