The 2016 midterm elections are history and we now know that the House of Representatives will shift control to the Democrats, while the Senate will have a strengthened Republican majority.

On Nov. 5, AFSA joined several financial institutions in a proposal to the Financial Accounting Standards Board (FASB) regarding Accounting Standards Update 2016-13, better known as CECL. CECL, or current expected credit loss, is a new accounting standard that will change how financial institutions account for expected credit losses.

November’s featured Resource Directory listing is GOLDpoint Systems. GOLDPoint Systems offers one of the most complete Loan Management Software Systems in the Direct and Indirect market, covering the complete loan life cycle. Their products include online portals, custom scoring, origination, loan servicing, collections, accounting, reporting, document storage and e-signatures.

Join us on Tuesday, November 6 at 2 p.m. ET as ACI Worldwide presents Text Talk: Customer Engagement & Payments Go Mobile.

On Oct. 29, AFSA filed an amicus brief in support of Toyota Motor Credit Corp. in a case in front of the 9th Circuit. The matter originated in the bankruptcy court. The court is being asked to decide the enforceability of a lease assumption agreement when the debtor files a Chapter 7 bankruptcy petition.

WASHINGTON–(BUSINESS WIRE)–The American Financial Services Association (AFSA) today announced that its Board of Directors has elected a new chairman, chair-elect and vice chairman-treasurer for the next 12 months. Additionally, the board approved a succession plan for executive leadership of the 102-year-old trade association representing the consumer credit industry.

Join us on Tuesday, November 6 at 2 p.m. ET as ACI Worldwide presents Text Talk: Customer Engagement & Payments Go Mobile.

Four consumer credit industry executives were honored with the 2018 American Financial Services Association (AFSA) Distinguished Service Award (DSA) during AFSA’s 102nd Annual Meeting this week in Marina del Rey, Calif.

AFSA and the Consumer Mortgage Coalition submitted comments to the Federal Communications Commission (FCC) on the Telephone Consumer Protection Act (TCPA). The FCC asked for comment on a recent 9th Circuit panel decision in Marks v. Crunch San Diego, LLC interpreting the definition of an “autodialer.”

The Pew Charitable Trusts released a report on installment loans entitled State Laws Put Installment Loan Borrowers at Risk: How outdated policies discourage safer lending. It is important to note that this title is misleading to readers and negates a generally positive report on installment lending and the important role it plays in the lives of millions of Americans.