AFSA’s installment lending executives visit Capitol Hill
Feb 14, 2019
The American Financial Services Association (AFSA) held its annual Installment Lenders Summit and Congressional Fly-in this week as 22 executives from 16 companies visited Congressional offices on Capitol Hill.
AFSA’s Law & Compliance Symposium Will feature CFBP’s John McNamara
Feb 13, 2019
John McNamara, Assistant Director of Consumer Lending, Reporting, and Collections Markets with the Consumer Financial Protection Bureau (CFPB) will address attendees at the 2019 Law & Compliance Symposium, March 5-7 in Ft. Lauderdale, Fla.
Webinar will address strategy and bottom line results
Feb 12, 2019
Join AFSA on Feb. 27 at 2 p.m. ET for the webinar, “Optimize your acquisition strategy and elevate profits,” presented by Experian. The capabilities of today’s technologies, backed by real-time data updates make it possible to engage consumers when they are most motivated to respond. Learn how the right prescreening process can help identify consumers who are more likely to respond to credit offers and are likely to repay.
AFSA Submits Three Comments on Critical Rulemakings
Feb 11, 2019
AFSA this week submitted three comment letters to federal agencies.The first letter is in response to the Federal Deposit Insurance Corp.’s (FDIC) request for comment on the agency’s process for approving new state chartered banks. The letter spelled out the importance that the creation of new industrial banks has and pushed the FDIC to make the process easier.
AFSA does in-depth study on Municipal Zoning Restrictions
Feb 09, 2019
AFSA’s State Government Affairs department this month published its Municipal Zoning Restrictions white paper. AFSA’s white paper takes an in-depth look at recent activity by municipalities seeking to regulate small loan locations, including trends in introductions of such ordinances and recent state legislation setting requirements for municipalities looking to regulate small lending.
AFSA Meets with FDIC Chairman Jelena McWilliams
Feb 06, 2019
AFSA met with Jelena McWilliams, the Chairman of the FDIC, this week. AFSA raised several key issues with the Chairman, including: the lingering effects of Operation Choke Point, how the Military Lending Act (MLA) limits the availability of credit for service members and their families, the benefits of industrial bank charters, the FDIC’s request for information on small-dollar lending, and the increasing Telephone Consumer Protection Act (TCPA) litigation.
Experts agree that Blockchain’s utilization In the vehicle retail channel is imminent
Feb 06, 2019
Among the many panels of subject matter experts at the recent AFSA Vehicle Finance Conference tackling the latest technology topics facing the industry, the subject of Blockchain drew a standing room only crowd of execs looking for information to determine if and when using Blockchain is right for their businesses.
AFSA Board approves nominations of three new members
Feb 04, 2019
The AFSA Board of Directors recently approved the nominations of three executives to replace three board members, all of whom recently retired.
AFSA Adds Expertise in Member Services & Engagement
Feb 01, 2019
The American Financial Services Association is pleased to announce the addition of Toni-Lewis Bennett as Vice President of Member Services & Engagement. Lewis-Bennett was hired following the departure of Sheilah Harrison who retired at the end of January after more than 30 years of service.
AFSA announces new chair-elect for Board of Directors
Jan 21, 2019
The American Financial Services Association (AFSA) Monday announced that its board of directors has elected Dan Chait, President of Southeast Toyota Finance, as the new chair-elect of the AFSA board.Chait has been on the AFSA Board of Directors since 2015 and recently joined the AFSA Executive Committee. As chair-elect, he is next in line to become board chair at AFSA’s Annual Meeting in October 2019, succeeding current chair Josh Johnson, CEO of Mariner Finance.Southeast Toyota Finance is a leading provider of financial services to automotive dealers, consumers and lenders, and a subsidiary of diversified automotive corporation JM Family Enterprises, Inc. Chait also serves as a member of JM Family’s Executive Management Team, which oversees the development and implementation of the company’s long-range planning and strategies for future growth.As President, Chait is responsible for the strategic and operational management of Southeast Toyota Finance, which provides financial products to Toyota dealers and consumers in the Southeast, manages a portfolio in excess of $10 billion and was recently awarded “#1 in Mass Market Automotive Consumer Financing Satisfaction” by J.D. Power.Chait joined Southeast Toyota Finance in 2002 as Vice President, Asset Management. In 2007, he became Group Vice President, responsible for Portfolio Management, Dealer Services, Operations, Sales and Marketing functions.In 2012, he was promoted Preside …