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Elevate in Salt Lake | Chris Waddell
Aug 22, 2023

AFSA is pleased to announce that U.S. Ski and Snowboard Hall of Famer, Chris Waddell, will be the inaugural Level Up Luncheon speaker at our Annual Meeting in Salt Lake City. Waddell, a world-class athlete and founder of the One-Revolution Foundation, is a 13-time Paralympic medalist, author, and the first ambassador to the International Paralympic Committee. […]

AFSA Calls on CFPB to Address 1071 Disparities
Aug 21, 2023

Last week, the American Financial Services Association (AFSA) led a group of trade associations in submitting a comment letter to the Consumer Financial Protection Bureau, urging the agency to address the disparities that exists for financial institutions working to implement the Bureau’s Small Business Lending Data Collection Rule (the “1071 Rule”) by pausing the 1071 […]

AFSA Comments on NYDFS Updated Proposed Cybersecurity Amendment
Aug 18, 2023

AFSA’s State Government Affairs team sent a letter to the New York Department of Financial Services (DFS) regarding its recent revised proposed second amendment to the DFS cybersecurity regulations. In the letter, AFSA highlights concerns and suggests clarifications for various sections, including the definition of Chief Information Security Officer (CISO), the use of internal auditors […]

Financial Flexibility More Important Than Ever
Aug 17, 2023

We’re still a couple weeks away from Labor Day, but it’s probably not early enough to remind ourselves that consumers are paying more than $700 a month more on average for groceries, gas, and other goods and services than they did two years ago. Inflation rates may be going down, but month to month expenses […]

News from our Members | PayNearMe on CNBC’s Global Top 200 Fintech List
Aug 15, 2023

PayNearMe has been named one of the World’s Top 200 Fintech Companies by CNBC. The company is included as one of the world’s top 40 digital payments companies. This award recognizes PayNearMe’s cutting-edge payments technology platform, strong business model, and growing  client base, validating that the company is actively shaping the market and advancing innovation. Read the […]

Joint Trades Comment Letter of FCC Call-Blocking Proposal
Aug 15, 2023

Last week, the American Financial Services Association joined the American Bankers Association, ACA International, Consumer Bankers Association, Credit Union National Association, Mortgage Bankers Association, National Association of Federally-Insured Credit Unions, National Council of Higher Education Resources, and Student Loan Servicing Alliance in commenting on the Federal Communications Commission’s (FCC) call-blocking proposal. The FCC proposal reiterates […]

News from our Members | Aftermarket Refund Legislation & Risk Mitigation
Aug 07, 2023

Cox Automotive | Aftermarket Refund Legislation & Risk Mitigation Early auto loan terminations often put extra compliance burdens on lenders: Are you responsible for refunding consumers? How easy is it to follow the rules when they differ by state — and at the federal level? Experts from the legal firm Nisen & Elliott, LLC and […]

Joint Trades Comment on FCC TCPA Noticed of Proposed Rulemaking TCPA
Aug 03, 2023

Earlier this week, the American Financial Services Association joined the American Bankers Association, Mortgage Bankers Association, National Association of Federally-Insured Credit Unions, National Council of Higher Education Resources, and Student Loan Servicing Alliance in a comment letter to the Federal Communications Commission (FCC). In its Notice of Proposed Rulemaking, the FCC proposes to codify and, […]

Elevate in Salt Lake | Laura Udis
Aug 02, 2023

Join Laura Udis, Small Dollar, Marketplace, and Installment Lending Program Manager in the Consumer Financial Protection Bureau’s Research, Markets, and Regulations Division, for a dialogue highlighting some of the CFPB’s recent activity and key insights on the Bureau’s review of the traditional installment lending industry. Register today!

AFSA Comments on Anti-Consumer Arbitration Provisions
Aug 02, 2023

Last week, the American Financial Services Association, joined by 200 other trade associations, submitted a comment letter to Members of Congress opposing anti-arbitration clauses and provisions that have been recently introduced. AFSA, along with several organizations publishing empirical studies, has long argued that arbitration is an efficient and cost-effective option for dispute resolution with consumers. […]

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