The Featured Business Partner for June is ACI Worldwide. As an unrivaled leader in billing and payments, ACI Worldwide offers ACI Speedpay, proven to drive efficiency and increase collections. Through our comprehensive suite of software solutions, we provide real-time payment and disbursement capabilities and enable the industry’s most complete consumer finance payments experience. We work closely […]

The labor market remained buoyant in May, according to the latest employment report from the Bureau of Labor Statistics (BLS). In addition to muddying the waters with respect to the U.S. economic outlook, this month’s jobs report also complicates Federal Reserve interest rate policy. Here’s the lowdown: Nonfarm payrolls grew by 339,000 during the month, […]

The AFSA SGA team published their June white paper examining the Depository Institution Deregulation and Monetary Control Act (DIDMCA). The paper examines recent opt-out efforts and the potential complications that would arise from states opting out of interest rate exportation, which could impact the banking industry. It also explains why opting out may not achieve the […]

PayNearMe Secures $45M in Series D Funding, Accelerating Payments Innovation and Market Expansion Queensland Investment Corporation leads investment round, empowering PayNearMe to pioneer new advancements in digital payments and drive industry-wide transformation. “Our growth has continued to accelerate as we serve the needs of more and larger clients,” said CEO Danny Shader, PayNearMe. “This investment […]

Two reports released by the Federal Reserve in May show credit conditions are tightening across the economy. The Federal Reserve Board’s Senior Loan Officer Opinion Survey on Bank Lending Practices, provides information on bank credit availability, loan demand and lending practices for both commercial and household borrowers. The latest results from the survey conducted in […]

The AFSA Extra Credit Podcast Industry Icon series continues, featuring outstanding female leaders in the consumer credit industry. This episode features Rochelle McClanahan, Chief Financial Officer/Compliance Officer with Brundage Management/Sun Loan. She chats with Danielle Fagre Arlowe, SVP of AFSA, on how she ended up in the industry, who her influences are, and touches on the importance […]

Inflation is a complex phenomenon influenced by various factors, but its consequences cannot be under-estimated. In such an environment, access to credit becomes increasingly crucial for individuals and businesses. While the cost of many forms of credit may increase, it’s important that consumers have access to credit, as it may allow them to bridge the […]

AFSA is pleased to announce our Committee Meeting lineup for the 2023 Annual Meeting! AFSA’s committee meetings* are your key to accessing the most up-to-date information on everything important to your business. From best practices, to what’s happenings on Capitol Hill, and in state capitals and regulatory agencies, along with important committee activities, and quality network time with fellow attendees. AFSA’s […]

The American Financial Services Association and its members have long supported our nation’s military veterans, current servicemembers, and their families. It seems that with every passing year, the intent of Memorial Day becomes less apparent, but it’s important to remember why our nation marks Memorial Day.  Memorial Day began as Decoration Day in the late […]

In this episode of the AFSA Extra Credit Podcast, Dan chats with Stephen McDaniel, Co-founder & CEO with F&I Sentinel and Rick Hackett, Board Member with F&I Sentinel and former Assistant Director at the Consumer Financial Protection Bureau. We pick Stephen’s brain on some of the strategies companies can use to ensure F&I compliance is […]