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WATCH | Considerations for a Digital Decisioning Infrastructure
Jun 16, 2021

Join us on June 24 at 2:00 p.m. ET for Considerations for a Digital Decisioning Infrastructure, presented by FICO. Digital decisioning moves you to act — to take the next step before you know that step exists — by showing you the bigger picture of your business, your products, and your customers. In this webinar, our […]

AFSA Login Systems Maintenance 
Jun 15, 2021

To deliver a better user experience for all AFSA’s digital properties, we will begin upgrading Protech, its association management database, from July 12 through the 14th. The Protech system also controls login authentication – as a result there will be several areas of the AFSA website that will not be accessible during the maintenance […]

New Data Reiterate Importance of Consumer Credit
Jun 15, 2021

New data finds that 65 percent of personal loans to consumers with non-prime credit scores (less than 650 FICO score) in 2020 were made by consumer finance companies. This is more than double the number of loans issued to these borrowers by credit unions (22%) and traditional banks (13%). At the same time, banks and […]

FIve Questions with FIS
Jun 11, 2021

AFSA’s featured Business Partner for June is FIS. We asked them a few questions about the value of their business partner membership and the issues they’re facing. Learn more at   What are your financial services clients telling you are their biggest challenges and opportunities for 2021? We’re in a unique period in the […]

House Sets Votes on ESG, Climate, Disclosure Bills
Jun 09, 2021

This month, the House is scheduled to vote on a slate of financial services bills related to corporate governance, including political activities, climate risks, and employee pay disclosure. Below is a summary of the legislation, which we expect will pass. However, the future of these bills in the Senate is much less certain. H.R. 1187 […]

LISTEN | The State of Credit #1 – Joe Mulberry, Wyoming
Jun 08, 2021

This is the first edition of AFSA’s State of Credit Series as Danielle Fagre Arlowe, Senior Vice President and head of the State Government Affairs team speaks with regulators from around the country. We’ll make our way through all 50 states getting to know the regulators that are part of our industry. In the inaugural […]

June Whitepaper Covers Payday Lending Databases
Jun 08, 2021

AFSA’s State Government Affairs Team recently published a white paper covering payday lending databases. The paper highlights state efforts to create databases of outstanding loans for payday lenders and the issues associated with these databases when extended to other forms of credit, including traditional installment loans.  Lawmakers across the country have turned to payday lending databases as a […]

AFSA Files Suit Against Ill. Bill Limiting Credit Access
Jun 07, 2021

On June 2, the Illinois Financial Services Association and AFSA jointly filed a lawsuit against the State of Illinois and the Illinois Department of Financial and Professional Regulation (DFPR) in the Circuit Court of Cook County over SB 1792 / Public Act 101-0658, the “Predatory Loan Prevention Act,” which took effect on March 23. Although the act’s stated purpose is to protect consumers, its provisions will leave Illinois consumers worse off by limiting the availability of safe and affordable forms […]

Trades United in Request for 11th Circuit to Review Hunstein
Jun 03, 2021

This week, AFSA and six other trade associations joined together in a brief asking that the 11th Circuit Court of Appeals review a decision made by a panel of the court’s judges. The case, Hunstein v. Preferred Collection and Management Servs., Inc., has serious implications for the financial services industry. “En banc review is required […]

Bank CEOs Speak Out On Rate Caps
Jun 02, 2021

Last week, CEOs from the largest U.S. banks testified before the Senate Banking and House Financial Services Committees about several topics, including proposals for a federal 36% rate cap on all loans. In the Senate Banking Committee hearing, Senator Jack Reed (D-RI), who is leading efforts on a rate cap bill alongside Banking Chairman Sherrod […]

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