This week, several Senators Durbin (D-IL), Merkley (D-OR), Blumenthal (D-CT) and Whitehouse (D-RI) introduced legislation to impose a 36% Annual Percent Rate cap on consumer loans. The bill, which has no Republican co-sponsors, remains as misguided and irresponsible as it was when it was introduced in 2021. In touting the proposal, the Senators claimed that […]

AFSA is pleased to announce Ron Guerrier as a featured speaker at its Annual Meeting in Salt Lake City. Artificial Intelligence and machine learning play an increasing role in our lives: from setting our online newsfeeds, social engagement, and playlists, to managing customer service and business operations. It’s important to remember that these innovations advance […]

Join Steve Murphy, Director of Marketing, and Roger Portela, Senior Director Product Development, Thursday, September 14th at 2:00 p.m. ET, as they share PayNearMe’s thoughts on the application of AI and ML in lending. Much has been said about the implications of artificial intelligence and machine learning in the consumer finance industry, but big questions […]

The featured Business Partner for the month of September is Allied Solutions | Securian Financial. There is power in partnership. Allied Solutions and Securian Financial partner to provide relevant, compliant solutions for consumer and auto finance companies. With our consultative approach and commitment to the market, we offer our clients a comprehensive product suite of […]

Join Mark Nerios, SVP at Exeter Finance, Tom Donovan, Principal Solution Consultant at ACI Worldwide, and John Savoia, Senior New Business Consultant at ACI Worldwide to explore the power of digital communications, with a focus on improving customer support and retention through mobile wallet integration and self-service capabilities. Witness a real-time demo that shows the […]

This week, the Consumer Financial Protection Bureau (CFPB) reached a settlement with a credit repair organization (CRO) conglomerate, which includes payment of $2.7 billion and a 10-year ban on telemarketing activities. The settlement comes after a court ruled that the defendants violated the Telemarketing Sales Rule (TSR). AFSA commends the Bureau for this effort to […]

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 […]

AFSA is pleased to announce U.S. Rep. Blake Moore (R-UT) as the featured speaker at breakfast on Wednesday, October 4 at the 2023 Annual Meeting. Congressman Moore serves on the House Ways and Means and Budget Committees, and in his first term also served on the Armed Services Committee, all venues crucial to the American […]

Earlier this year the Consumer Financial Protection Bureau (CFPB) released a policy statement intended to explain the legal prohibition on abusive conduct in consumer financial markets. At the time, we called it a perhaps-well-intended-but-flawed effort that could substantially hamper the consumer financial marketplace. Just as concerning as the seeming lack of understanding or appreciation for how the consumer credit market operates, […]

Alfa, the market-leading provider of software for the asset finance industry, is proud to announce the completion of the Amazon Web Services (AWS) Foundational Technical Review (FTR) for Alfa Cloud, its single-tenant Software-as-a-Service product, and subsequent acceptance into the AWS Partner Network (APN). The AWS FTR enables AWS Partners to identify and remediate any risks […]