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AFSA Comments on Legislation Affecting Floorplan Lending
Jun 25, 2018
On June 25, AFSA submitted a comment letter to the California Assembly Committee on Banking and Finance in opposition to Senate Bill 1235, which would create a new set of disclosures that commercial lenders would be required to provide borrowers at the time credit is initially offered. Though AFSA members primarily offer consumer credit, many member companies also provide financing to commercial entities, which includes regularly engaging with automobile dealers to provide them with floorplan lending necessary to enable these dealers to acquire their inventories of vehicles. The bill was scheduled for consideration at a hearing later that day.
Annual conference addresses issues In the retail automotive channel
Jun 21, 2018
Approximately 60 executives representing the leadership of the American Financial Services Association’s (AFSA) Vehicle Finance Division and the National Automobile Dealer Association’s (NADA) dealers and staff met this week in Washington, DC, to discuss ideas, issues and concerns for the U.S. automotive retail channel.
Kathleen Kraninger selected to be next BCFP Director
Jun 21, 2018
President Donald Trump this week nominated Kathleen “Kathy” Kraninger as the new Director of the Bureau of Consumer Financial Protection (BCFP).
MoneySKILL® Now Available in Spanish
Jun 12, 2018
On Tuesday, the American Financial Services Education Foundation (AFSAEF) launched the Spanish language version of its free online personal finance course, MoneySKILL®.
Affordability of new cars extends loan terms
Jun 07, 2018
The myth of the subprime bubble in the auto lending industry was dispelled by a leading analyst today at a conference of consumer finance company executives and state regulators.
“Perfect” Modern Auto Finance
Jun 06, 2018
WoltersKluwer
Intermittent Downtime 2-3 p.m. ET Today
Jun 06, 2018
AFSA will be making small changes to the website and association database from 2:00 – 3:00 p.m. ET today. As such, you may experience intermittent disruptions accessing AFSA resources.
We apologize for the inconvenience. If you have any questions, or require immediate assistance, please contact Sheilah Harrison at sharrison@afsamail.org.
AFSA Asks the Bureau to Improve Field Hearings
Jun 01, 2018
In response to a request for information from the Bureau of Consumer Financial Protection on its external engagements, AFSA wrote that the Bureau should improve field hearings so that they provide more meaningful feedback, instead of functioning as well-attended and lengthy press conferences designed to justify a proposed rule.
Don’t Miss Key Sessions at the NACCA/AFSA Forum!
May 18, 2018
We’re just three weeks away from the 2018 NACCA/AFSA State Government Affairs & Legal Issues Forum in Turnberry Isle, Fla. This year’s regulator, industry joint day will be held on June 7 and several information-packed sessions are on the docket.