The U.S. House of Representatives passed the H.R 1996 – Secure and Fair Enforcement (SAFE) Banking Act of 2021, with overwhelming bipartisan support on a 321- 101 vote, including 106 Republicans. Sponsored by Representatives Ed Perlmutter (D-CO), Nydia Velázquez (D-NY), Steve Stivers (R-OH), and Warren Davidson (R-OH), the SAFE Banking Act includes language to finally […]

The Consumer Financial Protection Bureau (CFPB) yesterday filed a complaint in federal district court alleging SettleIt, Inc., of “steering consumers into high-cost loans.” The complaint takes SettleIt to task for “self-dealing,” steering unwitting consumers into loans with its affiliated companies. The American Financial Services Association has long advocated against predatory practices and players, such as […]

RSM will present the results of its annual financial performance survey for AFSA Independents and other independently held finance companies across the United States. The results will include current trends for growth, funding, leverage, profitability, income, and expenses. RSM consultants can help you identify potential areas for improved profitability for your company based on the […]

The AFSA Education Foundation is pleased to announce the release of three new MoneySKILL® personal finance courses on the AFSA University training and education platform. In addition to important compliance training, companies that subscribe to AFSA University can now offer their employees additional personal-enrichment content in the following areas: Money Management and Budgeting Fundamentals Understanding […]

In this episode of the AFSA Extra Credit Podcast we talk with Lane Borrello, Vice President of Public Affairs with GM Financial. Lane shares some of the tips she’s picked up during her career leading the comms shop for a number of large companies. We chat about some of the easy things companies can do to […]

Today, the American Financial Services Association (AFSA) submitted a letter to the top ranking Democratic and Republican leaders on the House Judiciary Committee in opposition to legislation banning pre-dispute arbitration for servicemembers and veterans. While the bill is titled the Justice for Servicemembers Act (H.R. 2196), it would actually limit servicemembers ability to pursue justice. […]

Join us on Thursday, April 8, 2021 at 3:00 p.m. ET (2:00 p.m. CT / 1:00 p.m. MT / 12:00 p.m. PT) for the Inaugural Women’s Forum Mentoring Event! Everyone is welcome to join us with THIS LINK.

A news article published this week in The Wall Street Journal claims that U.S. consumers in the subprime credit tier are beginning to fall behind on their auto loans. While the article presents data, it doesn’t explain the data; important measurements and context are absent. The result is a deceptive, inaccurate article. A number of our member companies, many significant national players in the marketplace, are reporting late-stage delinquency rates being relatively flat quarter to quarter in this fiscal year, and down year […]

In a much-anticipated ruling, the U.S. Supreme Court unanimously narrowed the scope of the Telephone Consumer Protection Act (TCPA). AFSA and other trade associations submitted an amicus brief urging the Supreme Court to take a more common-sense approach to the TCPA and are pleased with the decision. The Court held that just because a business […]

In this episode of the AFSA Extra Credit Podcast, we’re joined by Dr. Carly Urban and AFSAEF Executive Director to talk about a new study that found that students using the MoneySKILL program increased their financial knowledge by 60% on average and improved their short-term and long-term financial behaviors. Dr. Urban talks about the methodology behind the study and Rhonda […]