AFSA will host a webinar on September 7 about the recently-passed California Consumer Privacy Act of 2018 (AB 375/Chapter 55) and the new requirements for financial institutions doing business in the state. Although the requirements will not take effect until 2020, it is important for companies to consider how the significant changes will affect their relationships with customers.

Representatives from the Federal Reserve Banks of Kansas City and San Francisco discussed aspects of consumer complaint practices for banks on August 29. The webinar addressed how regulators use consumer complaints to gauge the adequacy of banks’ compliance risk management programs and to indicate potential areas for future regulatory attention. The speakers discussed how certain topics of consumer complaints carry additional pertinence than others, focusing on UDAP, allegations of lending discrimination, violations of federal consumer protection laws, bank errors, and Community Reinvestment Act complaints.

It’s the most wonderful time of the year…back to school!

“The American Financial Services Association (AFSA) supports the Senate Banking Committee’s approval of the nomination of Kathy Kraninger as the next Director of the Bureau of Consumer Financial Protection (BCFP) and is pleased to see her nomination advance out of Committee. We urge the full Senate to confirm her nomination,” said Chris Stinebert, President and CEO of AFSA.

The American Financial Services Association (AFSA) is launching a new communications channel for AFSA members and potential members. In early September, AFSA will air it’s first-ever podcast focusing on a discussion of issues relevant to the consumer credit industry.

AFSA will host a webinar on September 7 about the recently-passed California Consumer Privacy Act of 2018 (AB 375/Chapter 55) and the new requirements for financial institutions doing business in the state. Although the requirements will not take effect until 2020, it is important for companies to consider how the significant changes will affect their relationships with customers.

In today’s environment, it’s critical that lenders examine their strategies because:

Average used vehicle wholesale prices registered a slight increase in July after four months of year-over-year declines, according to Tom Kontos, Chief Economist for KAR Auction Services.

Join AFSA on Friday, Sept. 7 at 11 a.m. ET as Rick Fischer, Senior Partner, Morrison Foerster, and Meghan Musselman, Partner, Hudson Cook, take a look at California’s new data privacy law. Following the example Europe set with General Data Protection Regulation (GDPR), California passed its first-in-the-nation consumer data privacy law in late June. As companies prepare to comply in advance of the January 2020 effective date, this webinar will analyze the new law's requirements and detail how they compare with the requirements of GDPR.