Affordability of new cars extends loan terms
Jun 07, 2018
The myth of the subprime bubble in the auto lending industry was dispelled by a leading analyst today at a conference of consumer finance company executives and state regulators.
“Perfect” Modern Auto Finance
Jun 06, 2018
Intermittent Downtime 2-3 p.m. ET Today
Jun 06, 2018
AFSA will be making small changes to the website and association database from 2:00 – 3:00 p.m. ET today. As such, you may experience intermittent disruptions accessing AFSA resources.
We apologize for the inconvenience. If you have any questions, or require immediate assistance, please contact Sheilah Harrison at email@example.com.
AFSA Asks the Bureau to Improve Field Hearings
Jun 01, 2018
In response to a request for information from the Bureau of Consumer Financial Protection on its external engagements, AFSA wrote that the Bureau should improve field hearings so that they provide more meaningful feedback, instead of functioning as well-attended and lengthy press conferences designed to justify a proposed rule.
Don’t Miss Key Sessions at the NACCA/AFSA Forum!
May 18, 2018
We’re just three weeks away from the 2018 NACCA/AFSA State Government Affairs & Legal Issues Forum in Turnberry Isle, Fla. This year’s regulator, industry joint day will be held on June 7 and several information-packed sessions are on the docket.
Business confidence high across global economies; outlook cautious
May 17, 2018
The American Financial Services Association (AFSA) held its 28th annual Credit Summit for Fixed Income Investors today in Midtown Manhattan, in close proximity to the offices of many of the 170 attendees.
Cash is Still King…Right? | AFSA Webinar May 22
May 17, 2018
Join us on Tuesday, May 22, 2018 at 2:00 p.m. ET for Industry Trends in Cash Payments & Hispanic Market Insights, presented by PayNearMe. Registration for AFSA members is open now.
Futurist sees digital platforms gaining ground in consumer credit
May 09, 2018
Well-regarded futurist and author Shawn DuBravac, PhD, addressed the consumer credit industry’s outlook with respect to digital technology’s impact on business models, customers and employees last month at AFSA’s 35th annual Independents Conference & Expo in Fort Lauderdale, Fla.
AFSA Applauds House Passage of S.J. Res 57
May 08, 2018
WASHINGTON, May 8, 2018 – Today, the House of Representatives approved S.J. Res. 57 by a 234-175 vote. The vote on the resolution, under the Congressional Review Act (CRA), disapproves of the Consumer Financial Protection Bureau’s (CFPB) 2013 vehicle finance guidance. The Senate passed the same proposal April 18. The next and final step in the process is President Trump signing the resolution. “This vote indicates that American consumers have spoken to their elected representatives to say they want competitive pricing on vehicle loans,” said Chris Stinebert, President & CEO of the American Financial Services Association, a trade association representing vehicle finance lenders. “We are an industry that competes for consumers’ trust as well as their business while helping them acquire vehicles that support their transportation needs.” The CFPB’s vehicle finance lending policy, issued through guidance, directed fundamental market changes to the industry, which was already regulated by other federal agencies and state laws and regulations. The guidance was issued without any public comment, consultation with other federal agencies or transparency.