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CFPB Extends Comment Period on Debt Collection Proposal
Aug 02, 2019

The Consumer Financial Protection Bureau (CFPB) today announced that it would extend the comment period for the Notice of Proposed Rule Making implementing the Fair Debt Collections Practices Act (FDCPA).

AFSA Reverse Mortgage White Paper Provides Insights, Updates
Aug 02, 2019

This week, AFSA’s State Government Affairs team published their latest white paper, covering reverse mortgages. Reverse mortgages offer a way for seniors to tap into the available equity of their home and can help them maintain their standard of living, afford long-term care or cover other expenses for their families during their lifetimes.

AFSA Assembling Working Group on QM Proposal
Aug 02, 2019

The CFPB has released an advance notice of proposed rulemaking to solicit feedback about future changes to qualified mortgage standards under Regulation Z. In particular, the CFPB intends to allow the current treatment of loans eligible for purchase by Fannie Mae or Freddie Mac (“GSEs”) to expire on schedule.

Back-to-School AFSA University Promo
Aug 02, 2019

Are you looking to take your compliance training to the next level? Have a fresh compliance training program but need a bit more substance? AFSAU is exactly what you need and it’s more affordable than ever.

Congress Working to Keep the Economy Rolling
Aug 01, 2019

This week, the Senate Environment and Public Works Committee marked up its draft surface transportation legislation. The $287 billion bill, more commonly known as the “Highway Bill,” jump-starts a legislative process that will span multiple committees and attract additional proposals from both sides of Capitol Hill.

HUD Proposes Update to Rules on Housing Discrimination
Jul 31, 2019

The Department of Housing and Urban Development (HUD) today published a proposed rule updating the interpretation of the disparate impact standard in home financing. The update would require plaintiffs who allege disparate impact discrimination to meet a five-point threshold to prove their case.

FTC Database Illustrates Plague of Robocalls, Complaints on Debt “Relief” Services
Jul 30, 2019

The Federal Trade Commission’s national “Do Not Call Registry” and its new interactive web database illustrates the plague of illegal robocalls and the need to rein in what is now more than an annoyance. The visuals in the web data base show nearly 30 calls for every person in the country, with nearly 16 million complaints from consumers gathered in the last three years. The most common complaint? Calls claiming their firms can “reduce debt” for consumers. It’s not surprising that many such calls are from bad actors seeking to take advantage of vulnerable consumers. That’s why AFSA has long promoted pro-consumer policies that protect them from unscrupulous firms that overpromise on debt relief, overcharge for their “services” and drive their clients into bankruptcies that further hinder their financial health. The Consumer Financial Protection Bureau (CFPB) has even warned about the dangers of these companies.

AI Explainability-by-Design
Jul 29, 2019

Join us on August 8 at 2 p.m. for How to ensure that your AI doesn’t become a litigation nightmare, presented by Mayer Brown.

AFSA, Partners, Drive to Win in Vermont
Jul 25, 2019

Vermont Senate Bill 18 became law yesterday without Governor Philip Scott’s signature and without harmful language for consumers attempting to finance vehicles in the Green Mountain State.

It’s Time to Fix the MLA
Jul 24, 2019

In The Hill today AFSA President & CEO Bill Himpler lays out the need for the Pentagon to allow servicemembers to take advantage of Guaranteed Asset Protection, also known as a GAP waiver.

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