AFSA this week submitted a letter of welcome to incoming Bureau of Consumer Financial Protection (BCFP) Director Kathy Kraninger. The letter shared the history of AFSA and the important role that its members play in the lives of ordinary Americans.

Visit AFSA”s Webinar Resource Center for the recording and materials for Top Ten Debt Collections Lessons from 2018.

AFSA would like to welcome the following new members to the association:

Kraninger was serving as an associate director in the Office of Management and Budget. Under the Dodd-Frank Act, she can serve as the BCFP director for a five-year term. The Dodd-Frank Act specifies that the BCFP’s director is only removable by the president “for cause,” although this provision has been subject to various court challenges.

We’ve seen a number of developments in debt collection this year. Technology is changing the way debt is collected. The Bureau of Consumer Financial Protection has made progress in its debt collection rulemaking. The courts have weighed in with new interpretations of old law. This webinar will highlight the top ten debt collection issues and offer best practice suggestions.

AFSA this year has provided its members the opportunity to learn about the concept of a FinTech sandbox from speakers at both the state and federal levels.

The latest edition of the AFSA Today podcast features Ann Carmichael, Vice President of Congressional Affairs at AFSA. Ann analyzes, among other topics, changes in leadership at the important House Financial Services Committee on both sides of the aisle and how that could shape both the future legislative agenda affecting the consumer credit industry and the direction of the Bureau of Consumer Financial Protection. AFSA’s December podcast will feature Philip Bohi, Vice President of Compliance Education at AFSA, discussing the role of compliance in the consumer credit industry and how it impacts AFSA members and their customers.

Happy Thanksgiving from everyone at AFSA.