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.

Join us next TODAY at 2p.m. ET as LenderLive presents Situational Awareness and the Regulatory Landscape.

AFSA Website Unavailable from 9:00 p.m. to 12:00 a.m. ET Thursday, August 8

The AFSA Education Foundation continues to enhance its premier offering – MoneySKILL – recently focusing on the middle school version of the curriculum. Each of the twelve modules now includes more questions, increasing from 5 or 6 per module to 10. And, like the high school version of MoneySKILL, the middle school version is now available in Spanish. Thousands of middle school teachers across the country use MoneySKILL and have been informed about these new enhancements

The Treasury Department issued a comprehensive report on Tuesday that provides policy recommendations relating to nonbank financial institutions, fintech and innovation. There are a few issues raised in the report that AFSA believes will be of particular interest to members because these issued have been discussed at recent meetings. Specifically, the Treasury Department recommends: