Today, AFSA, with several other trade associations, submitted an amicus brief to the U.S. Supreme Court in Consumer Financial Protection Bureau (CFPB) v. Community Financial Services Association of America (CFSA). The brief argues in favor of CFSA, noting that the CFPB’s funding structure, which is free from congressional oversight and budgetary process, is unconstitutional. The […]

This spring, the Consumer Financial Protection Bureau (CFPB) released a proposed Statement of Policy Regarding Prohibition on Abusive Acts or Practices.  While the Statement is meant to produce “clearer and simpler guidance,” it instead sows more confusion.  AFSA submitted a letter on the policy outlining some key objections to the Statement:  It is inconsistent with […]

Last week, AFSA’s SGA team published it’s July white paper looking at retail bad debt. Under retail bad statutes, the financial institution is entitled to a tax credit or deduction for the amount of the sales tax remitted but unpaid by the consumer on accounts considered uncollectable. Allowing financial institutions to claim refunds for sales […]

The featued Business Partner for the month of July is Hudson Cook. Established in 1997, Hudson Cook, LLP focuses its practice on laws related to financial services, banking and information privacy. In addition to the regulatory compliance practice we assist with government supervision and enforcement, and consumer litigation. Our attorneys understand the complex financial services, […]

AFSA member companies are generally very good at marketing their own products and services. What about your company? Are you telling prospective hires and current employees why they should work with you? Terri Horn, Managing Director with People Strategies joins us again to share her findings and best practices on creating and developing your company’s […]

Alfa, provider of Alfa Systems, the cloud-native technology platform at the heart of the world’s most progressive auto and equipment finance companies, has published a new paper on SaaS and cloud services. Cloud Services: Finding Success with SaaS discusses the different deployment models available, the factors technology teams should consider when making deployment decisions, and […]

AFSA conferences are full of great sessions, but we have plenty of networking opportunities for attendees, too. You can start your Annual Meeting week with the welcome reception on Monday, build some momentum on Tuesday morning running and taking in the beauty of Salt Lake City with colleagues, and cap the day with cocktails and […]

Last week, the House Armed Services Committee (HASC) passed the National Defense Authorization Act (NDAA) out of committee by a vote of 58-1.  AFSA has long worked with both the House and Senate Armed Services Committees to ensure that harmful legislation is kept out of the NDAA. Because the legislation must pass annually, Members of […]

AFSA sent a letter to Subcommittee on Financial Services and General Government Chair Steve Womack (R-AR) encouraging him to include language in the committee’s appropriations bill. The language would prevent the Federal Trade Commission (FTC) from finalizing or implementing the “Motor Vehicle Dealers Trade Regulation Rule.” The letter noted that the FTC’s proposed rule would […]

Join Yotam Haroosh, Director of Consumer Lending, Lightico, to gain insights into how to effectively streamline your originations processes to boost efficiency and accelerate time to funding. In this webinar, we’ll cover the latest technology solutions, best practices, and expert insights into optimizing your workflow. With real-life examples and interactive demonstrations, Lightico will provide you with all […]