Economist: Vehicle demand remains strong; headwinds possible for manufacturers and lenders
Sep 10, 2018
Despite the announcement last week that U.S. auto sales through August are tracking at an annual rate of 17 million units by year-end, certain economic headwinds are possible which would affect both auto manufacturers and lenders in the future. The industry peaked in 2016 with a record 17.6 million new vehicle sales.
AFSA Launches AFSA Today Podcast
Sep 07, 2018
The American Financial Services Association (AFSA) today launched a new communications channel for AFSA members and prospective members. AFSA Today, is AFSA’s first-ever podcast focusing on a discussion of issues relevant to the consumer credit industry.
AFSA to Hold Webinar on New Calif. Privacy Law
Aug 30, 2018
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.
Federal Reserve Banks Offer Webinar on Consumer Complaint Practices
Aug 29, 2018
Representatives from the Federal Reserve Banks of Kansas City and San Francisco discussed aspects of consumer complaint practices for banks on August 29. The webinar addressed how regulators use consumer complaints to gauge the adequacy of banks’ compliance risk management programs and to indicate potential areas for future regulatory attention. The speakers discussed how certain topics of consumer complaints carry additional pertinence than others, focusing on UDAP, allegations of lending discrimination, violations of federal consumer protection laws, bank errors, and Community Reinvestment Act complaints.
MoneySKILL® Registrants on the Rise
Aug 27, 2018
It’s the most wonderful time of the year…back to school!
AFSA Supports Kraninger Nomination Approval
Aug 23, 2018
“The American Financial Services Association (AFSA) supports the Senate Banking Committee’s approval of the nomination of Kathy Kraninger as the next Director of the Bureau of Consumer Financial Protection (BCFP) and is pleased to see her nomination advance out of Committee. We urge the full Senate to confirm her nomination,” said Chris Stinebert, President and CEO of AFSA.
AFSA Opening New Communication Channel to Members
Aug 22, 2018
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 to Hold Webinar on New Calif. Privacy Law
Aug 21, 2018
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.
Historical Perspective on Loss Mitigation
Aug 16, 2018
In today’s environment, it’s critical that lenders examine their strategies because:
Stable used vehicle pricing bodes well for auto lenders
Aug 15, 2018
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.