The House Financial Services Committee recently held a hearing on various financial frauds and scams, and in advance of the hearing AFSA sent a letter to the committee highlighting several scams currently affecting consumers and lenders, including credit repair scams, for-profit debt settlement schemes, and auto loan fraud issues. AFSA’s letter urged the Financial Services Committee […]

As was widely expected, the Federal Reserve cut interest rates, lowering the target range for the federal fund rate by 25-basis points between 4 percent to 4.25 percent. The Federal Open Market Committee, the Fed’s interest rate policy body, has long debated the potential tradeoff inherent in its dual mandate of promoting both price stability and […]

BUSINESS PARTNER WEBINAR LOST IN THE MAIL: SOLVING REFUND DELIVERABILITY IN AUTO FINANCE SEPTEMBER 25, 2025 AT 2:00 P.M. EST Refunds may seem routine—but for auto lenders, they’ve become a hidden source of cost, compliance risk, and customer frustration. In this session, we’ll uncover the real impact of check-based refund processes and explore how leading […]

BUSINESS PARTNER WEBINAR AUTO FINANCE IN TRANSITION: WINNING IN THE AGE OF DIGITAL, EVS, AND EMBEDDED LENDING OCTOBER 2, 2025 AT 2:00 P.M. EST The U.S. auto finance market is shifting fast. With over $1.5 trillion in outstanding loans and EVs projected to hit 40% of sales by 2030, lenders face rising competition, regulatory pressure, […]

Lending Power: How Consumer Credit is Shaping the U.S. Economy Consumer lending isn’t just a financial service; it’s a cornerstone of U.S. economic performance and touches nearly every part of American life—from buying a car to starting a small business or simply covering back to school costs. But how much does consumer lending really shape […]

A small group of Senate Democrats recently introduced the Protecting Consumers from Unreasonable Credit Rates Act, which would cap fees and interest on consumer loans at an APR of 36 percent. While we appreciate the goal of barring unregulated and predatory actors from taking advantage of consumers and forcing them into unending cycles of debt, this […]

BUSINESS PARTNER WEBINAR LOST IN THE MAIL: SOLVING REFUND DELIVERABILITY IN AUTO FINANCE SEPTEMBER 25, 2025 AT 2:00 P.M. EST Refunds may seem routine—but for auto lenders, they’ve become a hidden source of cost, compliance risk, and customer frustration. In this session, we’ll uncover the real impact of check-based refund processes and explore how leading […]

BUSINESS PARTNER WEBINAR IMPLEMENTATION BEST PRACTICES: HOW TO OPERATIONALIZE PRICING ANALYTICS IN AUTO FINANCE SEPTEMBER 18, 2025 AT 2:00 P.M. EST End the spreadsheet torment and do away with the lengthy manual rate updates! If you are planning to implement a pricing analytics solution in the near future, this webinar is for you. Join an […]

The Senate Banking Committee voted to advance Stephen Miran’s nomination to fill a Federal Reserve Board vacancy by a vote of 13-11 along party lines. Republicans hope to vote on his confirmation before the Federal Reserve begins its rate-setting meeting on September 16th. If confirmed he will fill a short-term Board position that expires at the end of […]

In a time when institutions – from the government agencies to the media to nonprofit groups – have credibility problems, imagine what happens when two of those said institutions, in this case USA Today and the Consumer Federation of America (CFA), get together. Earlier this week the CFA released a highly sensationalized report, “Driven to […]