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:

On Monday, AFSA sent a letter to Massachusetts Governor Charlie Baker opposing H.4806, a bill related to security breaches. As currently written, the bill would prohibit lenders to view consumer’s credit information in order to make pre-approved and pre-screened offers of credit, which lowers overall costs. AFSA urged Governor Baker not to sign the bill and instead propose amendments and return the bill to the legislature. Full text of the letter is available in the Comment Letters area of the AFSA website.

Auto finance companies can expect new light vehicle U.S. sales to maintain its 17- million unit pace for the remainder of 2018 and relative strength heading into 2019, according to an industry forecast.